As of 2023, the market size for pullovers and cardigans made of synthetic fibers in Japan was recorded at 12.697 billion US dollars. The forecasted data for 2024 to 2028 indicates a slight downward trend, with values declining from 12.597 billion in 2024 to 12.226 billion by 2028. Year-on-year variations show a constant decrease averaging 0.6% annually. The compound annual growth rate (CAGR) over this period is projected to be -0.9%, signifying a gradual decline in the market over five years.
Future trends to watch for include:
- Consumer preference shifts towards natural fibers due to sustainability concerns.
- Technological advances in synthetic fiber production enhancing product appeal.
- Market demand influenced by fashion trends and seasonal variations.
- Potential impact of economic factors and trade policies on the textile industry.
