Key Market Indicators
British apparel sales are projected to decline to approximately €2.1 billion by 2028, down from around €2.6 billion in 2023. This represents a year-on-year compound annual growth rate (CAGR) decrease of 3.5%. The British market has been on a downward trend since 2011, with an annual decline rate of 2.1%. In 2023, the UK ranked seventh in the market, overtaken by Poland, which also recorded sales of about €2.6 billion. Germany, France, and Spain took the second, third, and fourth spots, respectively, in the same ranking. Meanwhile, British clothing expenditure is expected to rise to roughly €78.1 billion by 2028, up from nearly €72.7 billion in 2023. This growth reflects a 1.1% year-on-year CAGR. Since 2000, British demand for clothing has increased by an annual rate of 2.4%. In this expenditure ranking, Germany, Italy, and France hold the second, third, and fourth positions, respectively.
