The market for men's and boys' jackets and blazers of textile fabrics not knitted or crocheted in Denmark has been contracting consistently over the past decade. By 2023, the market size volume stood at 545.16 thousand units, indicating a decrement trend primarily during the last ten years. The significant year-on-year decrease started in 2017 and carried through 2023, with a continuous drop each year. The Compound Annual Growth Rate (CAGR) over the last five years was -1.67%, illustrating a relatively mild decline trajectory.
•In 2013, there was a strong start with a 22.51% increase, but the market has since experienced a downward spiral, notably beginning in 2017 with a significant year-on-year drop.
•The last two years (2022 and 2023) continued the pattern of decline, recording a 2.23% and a 2.26% reduction year-on-year, respectively.
Looking forward, market dynamics such as consumer preferences towards sustainable or locally-produced garments, innovations in textile technology, and shifts in fashion trends towards multifunctional clothing could alter the market's trajectory. Monitoring these elements would be key in anticipating future shifts and opportunities within the industry.
