The market size for pullovers and cardigans made of synthetic fibers in New Zealand showed fluctuations over the years, peaking at $228.18 million in 2016 before a general decline, reaching $204.18 million in 2023. The latest annual variations reveal a modest growth with a 0.48% increase in 2023, following a similar 0.49% rise the previous year. Over the recent five-year span, the compound annual growth rate (-1.13%) indicates a slight downward trend, primarily due to sharp declines in 2017 and 2020.
Future trends to watch include possibly increased demand due to advancements in synthetic fiber technology and sustainability trends, which could stimulate market recovery and expansion beyond 2024.
How does New Zealand rank in Pullovers and Cardigans Made of Synthetic Fibres Market Size Value?
| # | 37 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 12,696,000,000 | 2023 | -0.7% | -1.3% | View data |
| 2 | 2 Germany | 7,081,100,000 | 2023 | +1.02% | -0.044% | View data |
| 3 | 3 Spain | 5,115,200,000 | 2023 | +1.96% | +1.92% | View data |
| 4 | 4 United Kingdom | 5,048,100,000 | 2023 | -0.47% | -1.09% | View data |
| 5 | 5 France | 5,046,500,000 | 2023 | -0.27% | -1.27% | View data |
| 21 | 21 South Africa | 276,440,000 | 2023 | +1.62% | +1.76% | View data |
| 22 | 22 Ireland | 274,670,000 | 2023 | +1.88% | +0.57% | View data |
| 23 | 23 New Zealand | 204,180,000 | 2023 | +0.48% | -1.13% | |
| 24 | 24 Finland | 197,410,000 | 2023 | -0.75% | -1.65% | View data |
| 25 | 25 Slovakia | 145,680,000 | 2023 | +1.58% | +1.05% | View data |
