The market size value per capita for pullovers and cardigans made of cotton in Sri Lanka demonstrated a steady upward trend from 2013 to 2023, with the value increasing from $5.44 to $7.05. This represents a compound annual growth rate (CAGR) of approximately 1.4% over the past five years, displaying minimal fluctuations in value during this period. The latest year-on-year increase from 2022 to 2023 is around 1%, emphasizing a consistent market engagement.
Future trends to watch for include potential impacts from economic factors such as inflation, changes in consumer preferences towards sustainable fashion, and the influence of new technologies in production. Monitoring these aspects will be key to understanding shifts in market dynamics and consumer behaviors in the coming years.
