The market for pullovers and cardigans made of cotton in Pakistan has shown a steady growth over the past decade, with a market size of 181.5 million USD in 2023. While the initial growth period from 2013 to 2017 was marked by significant increases, the subsequent years have demonstrated more moderate growth rates. The year-on-year growth has seen a diminishing trend, dropping from more than 20% in earlier years to 2.95% in 2023, with the five-year CAGR stabilizing at 3.29%.
Future trends to watch for:
- Potential market challenges from competition and changes in consumer preferences.
- Impact of technological advancements and sustainability practices on market dynamics.
- Influence of economic conditions and policy changes in Pakistan.
