In 2023, Italy leads European production with a commanding 53.86% share in men's or boys' suits and ensembles not knitted or crocheted. Romania holds a distant second with 10.01%, while consistent performers Poland and Portugal account for 9.23% and 6.31% respectively. Notably, the United Kingdom has seen a significant decline of 15.26% over the year, while France grew by 7.55%. Other countries like Norway experienced substantive growth (10.05%), whereas markets such as Hungary and Lithuania contracted considerably.
Looking forward, the European market could witness increased competitive dynamics amidst economic uncertainties. It's crucial to monitor Italy's dominance, potential eastern European growth, and the impact of changing trade agreements on production distribution across countries.
Top countries in Sold Production of Men's or Boys' Suits and Ensembles of Textile Fabrics Not Knitted or Crocheted Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 53.86 | 2023 | +11.47% | +3.92% | View data |
| 2 | 2 Romania | 10.01 | 2023 | -0.97% | -2.88% | View data |
| 3 | 3 Poland | 9.23 | 2023 | +0.42% | +1.43% | View data |
| 4 | 4 Portugal | 6.31 | 2023 | +10.67% | -1.69% | View data |
| 5 | 5 Spain | 5.33 | 2023 | +1.27% | -3.72% | View data |
| 6 | 6 United Kingdom | 3.09 | 2023 | -5.63% | -15.26% | View data |
| 7 | 7 Bulgaria | 2.52 | 2023 | +3% | +2.66% | View data |
| 8 | 8 France | 2.04 | 2023 | +18.82% | +7.55% | View data |
| 9 | 9 Czechia | 1.4 | 2023 | |||
| 10 | 10 Germany | 0.93 | 2023 | -2.52% | -2.59% | View data |
