In the Swiss market for tracksuits made of synthetic fibers, from 2013 to 2023, the value fluctuated significantly, reaching 16.08 million USD in 2023. Over the last two years, there was a steady growth trend, albeit at a slowing rate, with small year-on-year increases of approximately 1% in both 2022 and 2023.
The compound annual growth rate (CAGR) over the past five years calculated at 2.12%, indicates average annual growth, compensating for earlier declines, such as a significant drop in 2020 due to potential COVID-19 impacts.
Future trends to watch for include:
- Innovation in sustainable synthetic fibers could drive demand.
- Shifts in consumer preferences towards athleisure.
- Impact of global economic conditions on discretionary spending.
