The Pullovers and Cardigans Made of Cotton market in Peru stood at a value of 270.97 million USD in 2023, reflecting a consistent increase from previous years. While the market faced fluctuations, including a significant downturn in 2016 and 2020, it demonstrated resilience with an overall positive trajectory over the decade.
Notably, the market recorded a Compound Annual Growth Rate (CAGR) of 3.06% over the last five years, illustrating moderate yet stable growth from 2018 to 2023. Year-on-year growth from 2022 to 2023 was 2.17%, slightly down from the previous year's 2.26%.
Future trends to watch for:
- Potential impact of evolving consumer preferences towards sustainable and eco-friendly fashion.
- Influence of digital retail channels and increased online shopping behavior on market dynamics.
- Economic policies and trade agreements that may affect the production and export of cotton garments.
How does Peru rank in Pullovers and Cardigans Made of Cotton Market Size Value?
| # | 39 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19,033,000,000 | 2023 | +3.2% | +2.89% | View data |
| 2 | 2 Japan | 7,123,300,000 | 2023 | -0.88% | +0.63% | View data |
| 3 | 3 Germany | 6,049,400,000 | 2023 | -0.57% | -1.08% | View data |
| 4 | 4 United Kingdom | 4,945,600,000 | 2023 | +0.44% | -0.75% | View data |
| 5 | 5 Italy | 4,476,600,000 | 2023 | +1.09% | -0.96% | View data |
| 18 | 18 Czech Republic | 294,200,000 | 2023 | +2.46% | +2.51% | View data |
| 19 | 19 Romania | 284,460,000 | 2023 | +4.01% | +6.79% | View data |
| 20 | 20 Peru | 270,970,000 | 2023 | +2.17% | +3.06% | |
| 21 | 21 Israel | 200,990,000 | 2023 | -0.25% | -0.43% | View data |
| 22 | 22 New Zealand | 196,770,000 | 2023 | +3.05% | +5.04% | View data |
