The market size for pullovers and cardigans made of cotton in Chile is projected to grow steadily from 2024 to 2028. In 2023, the market stood at $588 million USD. In the years following, the forecasts indicate values of $601.49 million USD in 2024, increasing to $615.09 million USD in 2025, $628.41 million USD in 2026, $641.47 million USD in 2027, and $654.27 million USD in 2028.
The year-on-year variation percentages from 2023 to 2028 are as follows:
- From 2023 to 2024: 2.3%
- From 2024 to 2025: 2.3%
- From 2025 to 2026: 2.2%
- From 2026 to 2027: 2.1%
- From 2027 to 2028: 2.0%
The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 2.18%, indicating moderate and continuous growth in this market segment.
Future trends to watch for in this sector include potential impacts of sustainable fashion movements, with increased demand for ethically sourced cotton, and possible changes in consumer preferences due to innovations in fabric technology. Additionally, evolving economic conditions in Chile could influence discretionary spending on apparel.
