The market size value per capita for pullovers and cardigans made of synthetic fibers in Australia showed varied trends from 2013 to 2023. The value declined initially from 2013 to 2015, dropping from $56.5 to $52.57. A mild recovery occurred, reaching $55.87 in 2016, followed by fluctuations with a notable dip to $50.46 in 2020, likely affected by the global pandemic. Post-2020, the market value rebounded, achieving $57.59 in 2023, a 4.67% increase over 2022. The CAGR over the past five years was approximately 2.54%, indicating steady growth in synthetic fiber apparel preferences.
Future trends to watch for:
- Consumer preference shifts towards sustainable and eco-friendly synthetic materials.
- Technological advancements in fabric manufacturing, enhancing comfort and design features.
- Potential market growth driven by the activewear and athleisure fashion trends.
- Impact of economic factors such as inflation on consumer purchasing power and behavior.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 109.81 | 2023 | View data | ||
| 2 | 2 Spain | 108.46 | 2023 | View data | ||
| 3 | 3 Japan | 100.9 | 2023 | View data | ||
| 4 | 4 Austria | 92.1 | 2023 | View data | ||
| 5 | 5 Netherlands | 79.87 | 2023 | View data | ||
| 11 | 11 Italy | 66.67 | 2023 | View data | ||
| 12 | 12 Israel | 57.72 | 2023 | View data | ||
| 13 | 13 Australia | 57.59 | 2023 | |||
| 14 | 14 Sweden | 55.54 | 2023 | View data | ||
| 15 | 15 Ireland | 54.75 | 2023 | View data | ||
