Key Market Indicators
Germany is projected to see a significant decline in its clothing accessories export market over the next five years. By 2028, the export value is expected to drop to approximately $4.93 million, down from around $6.23 million in 2023. This marks an average annual decrease of 3.7%. The trend is consistent with a long-term decline, as German supply has fallen by an average of 2.8% each year since 1996. In 2023, Germany ranked seventh in the global export market for clothing accessories, with China leading the pack at the same $6.23 million mark. Following China, the Netherlands, Malaysia, and Italy took the second, third, and fourth positions, respectively. On the import side, Germany is also expected to see a decrease, albeit less steep. By 2028, imports are forecasted to reach about $13.95 million, down from $15.06 million in 2023. This represents an average annual decrease of 1.2%. Since 1996, German demand for clothing accessories has seen a minimal decline of 0.1% per year. This downward trend in both import and export figures highlights shifts in the global market and could have broader implications for the country's fashion and textile industry.
