The market size for cotton pullovers and cardigans in Montenegro reached a value of 9.1532 million USD in 2023. Over the last decade, the market experienced steady growth with some fluctuations. Notably, from 2013 to 2016, the market showed a strong upward trajectory with high year-on-year increase percentages peaking at 18.86% in 2013. The period from 2017 onwards saw more gradual growth with a slight decline in 2017, offset by positive year-on-year variations in subsequent years. The last measured CAGR over five years stood at 3.35%, illustrating moderate but consistent growth.
Future trends to watch include the potential impacts of consumer demand shifts towards sustainable and ethical fashion, which may influence the market dynamics in cotton apparel. Additionally, the growth of e-commerce and digital marketplaces in Montenegro may provide new avenues for market expansion, driving further increases in market size over the coming years.
How does Montenegro 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 |
| 35 | 35 Costa Rica | 13,416,000 | 2023 | -0.76% | -1.24% | View data |
| 36 | 36 Malta | 11,652,000 | 2023 | +1.85% | +2.45% | View data |
| 37 | 37 Montenegro | 9,153,200 | 2023 | +2.35% | +3.35% | |
| 38 | 38 Bolivia | 3,947,400 | 2023 | +0.35% | -0.055% | View data |
| 39 | 39 Honduras | 3,645,300 | 2023 | -1.68% | -0.43% | View data |
