The market size volume for men's or boys' knitted or crocheted waistcoats, anoraks, ski-jackets, wind-cheaters, and wind-jackets in Portugal increased substantially between 2013 and 2023, reaching 1478.6 thousand units in 2023. After a strong initial growth in the early to mid-2010s, the market experienced modest fluctuations, with a slowing down in the growth rate during 2020 and 2021 due to external factors. While recovery in 2022 and 2023 is noted, the CAGR has declined over the past five years to 5.16%, indicating steady yet moderate growth in recent years.
Future trends to watch for include:
- Adoption of sustainable and innovative textile technologies may drive market evolution.
- Potential shifts in consumer preferences towards multifunctional and versatile outerwear.
- Fluctuations in global supply chains could impact production and distribution capabilities.
- Potential for further market expansion with increased focus on e-commerce and digital marketing strategies.