Suits - Dominican Republic
Dominican Republic- The revenue in the Suits market in the Dominican Republic amounts to US$8.11m in 2024.
- It is projected that the market will experience an annual growth rate of -1.44% (CAGR 2024-2029).
- When compared globally, China generates the highest revenue in this segment, reaching US$3bn in 2024.
- In terms of per capita figures, the revenue generated per person in 2024 is US$0.71.
- Looking ahead, it is estimated that the volume in the Suits market will reach 188.5k pieces by 2029.
- Furthermore, there is an expected volume growth of 3.3% in 2025.0.
- On average, each person in the Dominican Republic is expected to contribute 0.0pieces to the volume of the Suits market in 2024.
- The Dominican Republic's suit market is experiencing a surge in demand for lightweight and breathable fabrics due to the country's tropical climate.
- Key regions:
- Germany,
- Malaysia,
- Philippines,
- India,
- Indonesia
Definition:
The Suits market comprises ensembles that include jacket and suit trousers made of the same material for men. They can optionally be combined with a vest (three-piece suits).
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, sustainable apparel share, and sales channels. Online channel distribution refers to the purchase of physical goods in online retail. In other words, the purchase is concluded via the internet – on a desktop PC, tablet, or smartphone. The offline distribution channel covers all purchases in stationary stores made via telesales or mail orders (e.g., print catalogs).
In-Scope
- Suits
Out-Of-Scope
- Separate jackets, blazers and suit trousers
