Key Market Indicators
Irish apparel sales are projected to decline to €89 million by 2028, down from €92 million in 2023, reflecting a 0.5% annual decrease in compound annual growth rate (CAGR). Despite this downturn, the Irish market has shown a modest 0.3% annual increase since 2010. In the global rankings for 2023, Ireland stood at number 29, with Latvia surpassing it at €92 million. The top spots were claimed by Germany, France, and Spain, respectively. On the other hand, Irish clothing expenditure is on an upward trajectory, expected to reach nearly €5 billion by 2028, up from €4.5 billion in 2023. This represents an average annual growth rate of 1.7%. Since 2000, Irish demand for clothing has surged by an impressive 6.9% annually. For clothing expenditure in 2023, Ireland ranked 15th, with Denmark taking a higher position at €4.5 billion. The leading countries in this category were Germany, Italy, and France.
