The Finnish market for men's or boys' shirts of textile fabric not knitted or crocheted showed a declining trend from 2013 to 2023, decreasing from 3.419 million to 2.2434 million. The market saw a significant dip in 2015 and a substantial contraction in 2020 due to external factors. Despite a brief recovery in 2021, the year-on-year change in 2023 was a decline of 2.47%. The average annual contraction rate (CAGR) over the last five years was -1.92%.
Future trends to watch for include:
- A shift in consumer preferences towards sustainable and ethically produced textiles.
- The impact of economic fluctuations on consumer purchasing power.
- The influence of fashion trends on demand for specific styles or fabrics.