The market size for pullovers and cardigans made of synthetic fibers in Iceland reached $14.812 million in 2023. After fluctuating in the early 2010s, the market generally trended upwards, with notable year-on-year variations such as the sharp decline in 2020 and a strong rebound in 2021. Over the last five years, the market has seen a compound annual growth rate (CAGR) of 1.35%. The year-on-year growth for 2023 was modest at 2.01%.
Key trends to watch for include:
- Increasing consumer preference for sustainable materials might affect synthetic fiber demand.
- Innovations in synthetic fiber technology could drive renewed interest and market growth.
- Evolving fashion trends and seasonal demands will continue to influence market dynamics.
How does Iceland 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 |
| 33 | 33 Latvia | 31,387,000 | 2023 | +0.58% | +0.8% | View data |
| 34 | 34 Cyprus | 17,892,000 | 2023 | -1.44% | -0.95% | View data |
| 35 | 35 Iceland | 14,812,000 | 2023 | +2.01% | +1.35% | |
| 36 | 36 Namibia | 13,289,000 | 2023 | +2.98% | +3.8% | View data |
| 37 | 37 Montenegro | 7,521,100 | 2023 | +2.77% | +2.01% | View data |
