That pricing (from ~$40 for the cheapest of the cheap to $10k+ for top end with high quality but not excessive options in the $500 range) matches western suiting fairly well. There's lots of other commonalities - unusual and expensive base textiles, lower unit sales volume, specialized and complicated tooling for production automation, often used in formal contexts where price expectations are different from day to day ware, intrinsically connected with ideas of luxury and status.