The market for track suits made of synthetic fibres in Norway has experienced a consistent downward trend over the past decade, with the market size value declining from 9.1 million USD in 2013 to 3.04 million USD in 2023. The last two years show a decrease in market value, with a year-on-year variation of -11.25% in 2022 and -12.42% in 2023. Over the last five years, the compound annual growth rate (CAGR) averaged at -10.28%. This indicates a continuous contraction in the market.
Future trends to watch include:
- Changing consumer preferences toward sustainable and eco-friendly textile materials.
- Technological advancements in fabric production that could rejuvenate interest in synthetic products.
- Potential market recovery driven by innovations and broader consumer acceptance in active and leisurewear segments.