In 2023, the market size for pullovers and cardigans made from materials other than cotton, wool, or synthetic fibers in Japan was at a certain level. From 2024 onwards, the forecast demonstrates a declining trend with values decreasing year-on-year from $513.51 million in 2024 to $465.28 million in 2028. The average annual decline rate, or CAGR, over this five-year span suggests a continuous contraction in market value.
Future trends to watch for include:
- Shifts in consumer preferences towards sustainable and eco-friendly textiles could influence this market segment.
- Innovations in textile materials that might invigorate demand beyond traditional fabrics.
- Economic factors and fashion trends impacting discretionary spending and luxury items in Japan.