The market size value per capita for pullovers and cardigans made of cotton in Honduras has shown a consistent decline from 2013 to 2023, where the value stands at $0.35. Over the past decade, there has been a steady downward trend, with a notable decline in the earlier period from 2013 to 2016 and subsequent minor fluctuations since then. Specifically, from 2022 to 2023, there was a 2.78% decrease. The compound annual growth rate (CAGR) over the last five years is noted at approximately -2.08%.
Future trends to watch for include:
- Changing consumer preferences towards eco-friendly and sustainable clothing options.
- Potential economic recovery post-pandemic influencing increased spending in the apparel sector.
- Impact of global supply chain dynamics on local market pricing and availability.
How does Honduras rank in Pullovers and Cardigans Made of Cotton Market Size Value Per Capita?
| # | 37 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 103.08 | 2023 | View data | ||
| 2 | 2 Austria | 81.39 | 2023 | View data | ||
| 3 | 3 Netherlands | 81.02 | 2023 | View data | ||
| 4 | 4 Sweden | 77.24 | 2023 | View data | ||
| 5 | 5 Italy | 76.1 | 2023 | View data | ||
| 34 | 34 Morocco | 2.54 | 2023 | View data | ||
| 35 | 35 South Africa | 2.38 | 2023 | View data | ||
| 36 | 36 Honduras | 0.35 | 2023 | |||
| 37 | 37 Bolivia | 0.34 | 2023 | View data | ||
