In 2023, the market size value per capita for pullovers and cardigans made of materials other than cotton, wool, or synthetic fibers in Sweden stood at $3.71. A noticeable decline was observed from 2013 to 2020, with values dropping from $4.08 to $2.98. However, there has been a recovery trend from 2021 onward, with a year-on-year increase of 1.10% between 2022 and 2023. The compound annual growth rate (CAGR) over the past five years is modest, indicating a moderate resurgence in demand since 2020.
Future trends to watch for include:
- Increasing consumer interest in sustainability and eco-friendly products, potentially boosting demand for alternative materials.
- Innovations in textile technology that might enhance the appeal and durability of non-traditional fibers.
- Potential impact of economic fluctuations on consumer spending on non-essential apparel.