From 2013 to 2023, Switzerland's market for men's and boys' suits made from materials other than cotton, wool, or synthetic fibers showed variable trends. The per capita value peaked in 2015 at $0.48 and experienced a noticeable decline by 2023 to $0.33. Key yearly declines were evident starting in 2016, with a significant drop in 2020. A marginal recovery occurred between 2021 and 2022, stabilizing by 2023.
- 2022-2023: The market value per capita remained unchanged.
- Five-year CAGR (2018-2023): Negative growth trend indicative of shrinking demand.
Future trends to watch include the impact of sustainable fashion initiatives and eco-friendly material alternatives, which could lead to renewed interest in unique fabric suits. A potential shift in consumer preferences towards bespoke and high-end fashion could stimulate demand recovery.
