The market size value per capita for pullovers and cardigans made of materials other than cotton, wool, or synthetic fibers in New Zealand has seen a downward trend from 2013, starting at $5.63 and decreasing to $2.95 by 2023. Over the past two years, the market has experienced a moderate decline: 2022 marked a -4.06% change, following a -7.84% decrease in 2023 compared to the previous year. The compound annual growth rate (CAGR) over the last five years was approximately -1.6%, indicating a steady decline in market size value per capita.
Future trends to watch for include potential innovations in sustainable and eco-friendly materials that may drive consumer interest and market growth. Additionally, shifts in fashion trends and consumer preferences could impact the demand for these specialized garments. Continuous monitoring of these factors is essential for forecasting market dynamics accurately.
