The Finnish market for Women's or Girls' Jerseys, Pullovers, Sweatshirts, Waistcoats, and Cardigans of Cotton has shown a declining trend from 2013 to 2021, with a drop from 0.86 pieces per capita in 2013 to 0.47 in 2021. A slight recovery was observed in both 2022 and 2023, stabilizing at 0.59 pieces per capita in 2023. The year-on-year variation between 2022 and 2023 was neutral, indicating a stabilization phase. The compound annual growth rate (CAGR) over the last five years reflects an average yearly decrease, highlighting a challenging market environment.
Future trends to watch for include:
- An increasing demand for sustainable and eco-friendly materials, which could impact the preference for cotton-based garments.
- Fashion trends and consumer preferences shifting towards versatile and multifunctional wardrobe pieces, potentially stimulating demand recovery.
- Technological advancements in textile production possibly enhancing the value proposition of cotton garments.