Over the past decade, the per capita market size for men's and boys' overcoats made of synthetic fibres in Norway has shown fluctuations. Starting from $6.91 in 2013, the value declined to $5.13 in 2016, then saw a modest recovery peaking at $6.07 in 2018, before falling again to $4.82 in 2020. By 2023, it stabilized around $5.74, slightly recovering from the pandemic-induced dip.
Key trends:
- The year-on-year change from 2022 to 2023 was a minor decline of approximately 0.5%.
- Over the last two years, the market displayed a moderate recovery post-pandemic but remains below the 2013 peak.
- The compound annual growth rate (CAGR) over the last 5 years was slightly negative, reflecting overall stagnation.
Future trends worth monitoring include the impact of sustainability trends on synthetic fibre demand, potential economic slowdowns, and shifts in fashion preferences which could influence market dynamics in the coming years.
