The market size for pullovers and cardigans made of materials (except cotton, wool, or synthetic fibres) in Ireland exhibited fluctuations from 2013 to 2023, ending at 17.399 million US dollars in 2023. Over the past decade, the market saw a peak in 2014 followed by a general decline, notably between 2015 and 2016. A sharp dip in 2020 due to potential market disruptions was followed by modest recovery. The recent year-on-year trends indicate a slight downturn over the last two years. The five-year CAGR suggests a small average decrease per year.
Future trends to watch for:
- An increasing focus on sustainability and eco-friendly materials might alter consumer preferences.
- Technological advancements in fabric development could introduce new, attractive materials.
- Shifts in fashion trends and consumer spending habits post-pandemic may impact market dynamics.