Between 2013 and 2023, the value per capita of women's and girls' overcoats made of synthetic fibers in Switzerland showed overall growth, rising from $9.46 in 2013 to $15.10 in 2023. Despite a dip during 2020, with a notable decrease, the market rebounded by 2021 and continued a positive trajectory until 2023. The year 2023 marked a 1.89% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years stands at 3.64%, indicating an average annual increase in market value per capita.
Future trends to watch for:
- Increase in demand driven by sustainable synthetic materials.
- Potential market expansion due to progressive fashion trends.
- Continued growth influenced by technological advancements in synthetic fabric production.