The South African market for pullovers and cardigans made of materials other than cotton, wool, or synthetic fibers reached a size value of $40.208 million in 2023. The market experienced noticeable fluctuations over the past decade, with significant declines between 2013 and 2020, recovering slightly in 2021. Recent years saw a declining trend, particularly a 4.56% decrease in 2023 compared to 2022. The annual compound growth rate (CAGR) from the last five years stands at -4.73%, indicating a consistent decrease.
Looking forward, key trends to watch for include:
- Increased demand for sustainable and eco-friendly materials.
- Potential market growth from innovations in fabric technology.
- Consumer preferences shifting towards comfort and functionality.
