The Canadian market for men's and boys' overcoats made of synthetic fibers has seen a consistent decline in value per capita from 2013 to 2023, starting at $5.90 and reaching $4.68 in 2023. The year-on-year decrease averaged around -2.32% from 2013 to 2023, with the last two years observing a -1.45% drop from 2022 to 2023. A CAGR of -2.26% reflects the long-term downward trend over the last five years.
Future trends to watch:
- Potential market stabilization post-pandemic as supply chain issues resolve.
- Increasing consumer preference for sustainable materials over synthetic fibers.
- Innovation in fabric technology and design could rejuvenate market interest.
