From 2013 to 2023, the South African market for Pullovers and Cardigans made of non-cotton, wool, or synthetic fibers experienced a decreasing trend, with the per capita value dropping from $1.3 to $0.65. Between 2022 and 2023, the market remained stagnant at $0.65. The most significant decline over the past decade occurred between 2013 and 2017. The compound annual growth rate (CAGR) over the past five years was negative, indicating average annual declines in market value.
Looking forward, market analysts should observe potential shifts in consumer preferences or innovations in material technology that may revive interest in these products. Environmental sustainability and economic recovery are trends that could impact future market dynamics.
