Key Market Indicators
**Spanish Clothing Expenditure to Hit €22.8 Billion by 2028** Spain's clothing expenditure is projected to climb to €22.8 billion by 2028, up from €21.1 billion in 2023, reflecting an average annual growth rate of 1.2%. However, this comes after a decline since 2000, where Spanish demand decreased by an average of 1.3% per year. In 2023, Spain ranked fifth in clothing expenditure, with France overtaking Spain by matching the €21.1 billion mark. Germany, Italy, and France secured the second, third, and fourth spots, respectively, in this ranking. **Decline in Spanish Apparel Sales** Meanwhile, Spanish apparel sales are expected to decrease to €4.2 billion by 2028 from €4.4 billion in 2023, representing an average annual decline of 0.5%. This continues a downward trend seen since 2010, where the market shrank by 0.7% each year. In 2023, Spain was the fourth-largest market for apparel sales, with France leading at €4.4 billion. Germany and France held the second and third positions, respectively, followed by Spain.
