Market Insights Consumer Apparel Men's Apparel

Suits - North Macedonia

North Macedonia

The revenue generated in the Suits market in North Macedonia amounts to US$5.43m in 2024.
It is projected to grow at an annual rate of 2.25% (CAGR 2024-2029).
In comparison to other countries, in China generates the highest revenue in this segment, reaching US$3,064m in 2024.
When considering the total population, the per person revenue in North Macedonia is US$2.61 in 2024.
Looking at the volume of the Suits market, it is expected to reach 22.6k pieces by 2029.
The segment is anticipated to show a volume growth of 1.5% in 2025.
The average volume per person in the Suits market is expected to be 0.0pieces in 2024.
North Macedonia's suit market is experiencing a surge in demand for tailored suits, reflecting the country's growing emphasis on professional appearances and business etiquette.

Key regions: Germany, Malaysia, Philippines, India, Indonesia

Market

Region

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Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.