The market for pullovers and cardigans made of materials other than cotton, wool, or synthetic fibers in New Zealand has experienced fluctuations over the past decade. Peaking in 2013, a consistent decline led to a low in 2020. A slight recovery ensued in 2021, but subsequent years have shown mild contractions. By 2023, the market size stood at 15.31 million USD. Yearly variations between 2022 and 2023 show a decrease of 2.69%, with the five-year CAGR pointing to a general average yearly decline of 3.04%.
Future trends to watch for could include increasing demand for sustainable and alternative materials, impacting this market. The emphasis on eco-friendly fashion could attract consumers, fostering potential recovery or growth in the market size for these non-traditional garment materials.
