The market for Men's or Boys' Jerseys, Pullovers, Sweatshirts, Waistcoats, and Cardigans of man-made fibers in Portugal showed a general decline from 2013, with per capita volume starting at 0.17 s and slowly decreasing to 0.14 s by 2023. There was some fluctuation, with minor increases in 2015 and 2019, but the trend mostly showed a negative growth when calculated over the last decade. Specifically, in the last two years leading to 2023, the market remained stable at 0.14 s per capita, following a slight recovery from a drop in 2020.
Summing up, the compound annual growth rate (CAGR) over the past five years was negative, reflecting an overall contraction of the market. This could be attributed to changing consumer preferences or economic factors affecting spending power in Portugal.
Looking ahead, future trends to watch for include potential shifts towards sustainable materials and manufacturing processes, which may alter the market dynamics. Additionally, economic recovery and consumer confidence post-2024 could reverse the negative growth, provided there is a positive shift in demand correlating with increased purchasing power and fashion trends favoring man-made fibers.
