The market for pullovers and cardigans made from materials other than cotton, wool, or synthetic fibers in Lithuania demonstrated a steady increase from 2013 to 2019, with a notable decline in 2020, likely due to the pandemic. However, from 2021 onwards, there was a recovery, with the market size value per capita reaching $1.02 in 2023. The year-on-year increase for 2022 and 2023 was approximately 1% each. The five-year CAGR indicates an average annual increase of 3.07% from 2019 to 2023, showing a resilient demand despite economic challenges.
Future trends to watch for include the increasing interest in sustainable and innovative materials, which could stimulate further growth in this niche market segment. Monitoring shifts in consumer preferences and global economic conditions will be crucial for forecasting potential growth opportunities and market dynamics beyond 2024.
