Key Market Indicators
Macedonian Apparel Sales are projected to decline to approximately €211 million by 2028, down from €222 million in 2023. This represents an annual compound growth rate (CAGR) of -0.8%. The market has been contracting since 2016, with an average annual decline of 3.3%. In 2023, Macedonia ranked 26th in apparel sales, having been overtaken by Sweden, which also reported sales of €222 million. Leading the rankings were Germany, France, and Spain, occupying the second, third, and fourth positions respectively. Conversely, Macedonian Clothing Expenditure is anticipated to grow to about €248 million by 2028, up from €223 million in 2023. This marks an average annual increase of 1.7%. Since 2005, demand in Macedonia has risen steadily by 2% each year. In 2023, Macedonia stood at 33rd place in clothing expenditure, with Malta just ahead at €223 million. Germany, Italy, and France took the second, third, and fourth spots in this category.
