The market size value per capita for pullovers and cardigans made of cotton in Namibia showed a declining trend from 2013 to 2023. In 2023, it stood at $0.71. There was a subtle but consistent year-on-year decrease from 2014 onward. Over the last two years, this decline averaged approximately a 1.37% reduction per year. The compound annual growth rate (CAGR) between 2018 and 2023 was about -1.35%, indicating a consistent downward trend across five years.
Future trends to watch for include potential disruptions or growth opportunities due to changes in consumer preferences, economic conditions, and sustainable fashion initiatives which could alter demand for cotton garments. Monitoring these factors will help anticipate shifts in this market.
