Between 2013 and 2023, the market for men's or boys' overcoats and similar textile articles not knitted or crocheted in Portugal showed a general upward trend, growing from 0.23 pieces per capita to 0.42 by 2023. Notably, significant growth occurred after 2016, with a high point in 2018 and a slight dip in 2020 before resuming its rise. From 2021 to 2023, the year-on-year growth rates were 25%, 2.5%, and 2.4% respectively, indicating stable demand. The five-year CAGR was approximately 1.75%, demonstrating consistent growth.
Future trends to watch for include the impact of sustainability trends and technological advancements in fabric production. Demand for eco-friendly materials could shape market dynamics, while economic factors and consumer spending patterns will also play crucial roles.
