In 2023, the market value for pullovers and cardigans made from materials other than cotton, wool, or synthetic fibers in Italy was $252 million. From 2024 to 2028, a consistent year-on-year decline is observed, with the market decreasing from $233.91 million to $158.09 million. This downward trend indicates a significant contraction with a compound annual growth rate (CAGR) over the five years currently projected to be approximately -9.1%.
Future trends to watch for include:
- Potential shifts in consumer preferences towards sustainable or alternative materials.
- The impact of economic factors on consumer spending in the luxury and niche apparel markets.
- Emerging fashion trends that may rejuvenate demand in non-traditional materials.