The Italian market size value per capita for pullovers and cardigans made of materials other than cotton, wool, or synthetic fibers has experienced a declining trend from 2013 to 2023. In 2023, the market value stood at $4.13, showing a year-on-year decrease of 7.2% from 2022 and a 13.4% increase from the pandemic low in 2020. The five-year compound annual growth rate (CAGR) records a decline of 3% from 2018 to 2023. This indicates a consistent decrease in per capita spending on these products.
Future trends to watch for include:
- Growing interest in sustainable materials could revive consumer spending.
- Potential economic shifts post-pandemic impacting discretionary spending.
- Adoption of innovative materials influencing consumer preferences.
