The forecast for the import of knitted or crocheted pullovers and cardigans of wool or fine animal hair to Italy indicates a consistent decline from 2024 to 2028. In 2023, the imports stood at a level higher than the forecasted 13.018 million in 2024. Year-on-year, the data shows a decrease of approximately 8.2% in 2025, 8.8% in 2026, 9.4% in 2027, and 10.2% in 2028. Overall, the compounded annual growth rate (CAGR) over the five years from 2024 to 2028 reflects an average contraction of 8.9% per year.
Future trends to watch:
- Shifts in consumer preferences towards synthetic or alternate eco-friendly materials.
- Economic factors in Italy affecting disposable income and spending behaviors.
- Changes in trade policies impacting the cost and volume of imports.
- Sustainability trends influencing material sourcing and production practices.