Key Market Indicators
Maltese Apparel Sales are projected to hit approximately €22.6 million by 2028, up from €18.7 million in 2023. This represents an annual compound growth rate (CAGR) of 3%. Since 2014, the Maltese market has seen a modest increase of 0.8% per year. In 2023, Malta ranked 30th globally, with Ireland surpassing it at €18.7 million. Leading the rankings were Germany, France, and Spain, occupying the second, third, and fourth spots respectively. In a related metric, Maltese Clothing Expenditure is expected to reach around €360 million by 2028, an increase from €326 million in 2023. This marks an average annual growth rate of 1.5%. Since 2000, the demand for clothing in Malta has risen by 1.7% each year. In 2023, Malta was ranked 32nd globally, with Iceland surpassing it at €326 million. Germany, Italy, and France were the second, third, and fourth highest spenders on clothing, respectively.
