In Germany, the market for men's and boy's suits, ensembles, jackets, trousers, and other knitted or crocheted textiles recorded a decline in volume to 14.401 million units in 2023. Over the last decade, a brief increase was observed until 2018, followed by a steady decrease. The year-on-year variation from 2021 to 2023 shows a significant contraction of 11.82%. The five-year compound annual growth rate (CAGR) is negative at -9.38%, highlighting a persistent downward trend.
Future trends to watch for include potential recovery stimulated by sustainability efforts and technological innovations in textile production, evolving consumer preferences, and the impact of economic conditions on discretionary spending. Monitoring changes in fashion trends and the e-commerce market penetration might also provide opportunities for market revival.
