Between 2013 and 2023, France's market for men's and boys' suits of textile fabrics not knitted or crocheted has seen significant fluctuations. From a value of €163.41 million in 2013, it fell to €125.38 million by 2023. Marked by an initial gradual decline, the market experienced a sharp dip in 2020, likely attributable to the COVID-19 pandemic. Although there was partial recovery in 2021, a downward trend continued through 2023.
Key points:
- The market declined consistently from 2013 to 2017, with fleeting growth in 2018.
- 2020 saw a dramatic decrease, followed by a recovery throughout 2021.
- The average annual change over the past five years (CAGR) was a decline of approximately 1.57%.
Looking forward, the market is expected to stabilize with minor fluctuations, influenced by shifts in fashion trends, growing competition from casual wear, and increasing sustainability demands. Keeping an eye on consumer preferences and technological advancements in textile production will be essential for market players.
