Between 2013 and 2023, the per capita market value for pullovers and cardigans made of cotton in Argentina displayed fluctuations. There was a noticeable increase from $2.93 in 2013 to a plateau of $3.23 by 2023. While 2014 to 2015 saw a decrease, the market showed recovery and stability from 2016 onwards, maintaining $3.23 through the latter three years. The compound annual growth rate (CAGR) over the last five years is negligible since the value has plateaued.
Future trends to watch for:
- Potential influences with changing consumer preferences and macroeconomic factors.
- Impact of sustainable and ethical clothing practices on market value.
- Technological advancements in fabric production and distribution efficiencies.