From 2013 to 2023, the market size value per capita for pullovers and cardigans made of materials other than cotton, wool, or synthetic fibers in the UK decreased overall. The value stood at $5.42 in 2023. Between 2019 and 2023, the market experienced a decline with a slight recovery in 2021, but overall reflected a downward trend. The compound annual growth rate (CAGR) over the last five years was negative, highlighting a gradual reduction in per capita spending.
Future trends to watch for include:
- Increasing consumer interest in sustainable and biodegradable materials that might rejuvenate interest and demand.
- Potential economic factors such as inflation or changes in disposable income affecting luxury or niche markets.
- The influence of fashion trends that prioritize non-traditional materials.