From 2023 to 2028, the value per capita for men's or boys' suits and ensembles made of textile fabrics, not knitted or crocheted, in the UK is forecasted to decline steadily. Starting at 1.1 Euros per capita in 2024 and dropping to 0.74 Euros per capita by 2028, the market exhibits a clear downward trend.
- 2024: +0.0% versus 2023
- 2025: -8.2% year-on-year
- 2026: -8.9% year-on-year
- 2027: -9.8% year-on-year
- 2028: -10.8% year-on-year
The 5-year compound annual growth rate (CAGR) indicates an average decline of 8.98% per annum from the 2023 level.
Looking ahead, factors such as shifting consumer preferences towards casualwear, sustainability trends, and economic conditions impacting disposable income may further influence market trajectories. It will be crucial to monitor how these variables affect both demand and buying behavior within this segment.
