From 2013 to 2023, Croatia's market for lightweight fine knit roll, polo, or turtle neck jumpers and pullovers made of man-made fibers exhibited volatility, peaking in 2015 but generally showing a decline. As of 2023, the market stood at 876.75 thousand euros, marking consistent decreases in value, particularly sharp after 2021. The CAGR over the last five years was negative, reflecting an annual decrease in market size. Observing the last two years, a downward trend continues with a slight improvement, reducing losses from 9.64% in 2022 to 1.13% in 2023.
Future trends to watch for include:
- Innovation in sustainable man-made fibers as eco-conscious purchasing grows.
- Potential recovery driven by global economic rebound.
- Influence of fashion trends and seasonal demand shifts.
