The market for Men's or Boys' Suits and Ensembles of textile fabrics not knitted or crocheted in Ireland has seen fluctuations from 2013 to 2023, reaching a value of 15.853 million euros in 2023. The market experienced significant downturns, notably in 2017 and 2020, with year-on-year contractions of 14.06% and 19.63%, respectively. Recent years, however, show a more stable pattern, with slight declines of around 1% in both 2022 and 2023. Over the last five years, the market exhibited an average annual growth rate close to break-even at 0.3%.
Looking to the future:
- Consider potential shifts in consumer preferences towards casual wear.
- Watch for changes in economic conditions affecting spending power.
- Monitor sustainability trends influencing fabric choices.
