Key Market Indicators
Lithuania's clothing expenditure is projected to hit approximately €1.5 billion by 2028, up from around €1.4 billion in 2023. This represents an average annual growth rate of 2%. Since 2000, demand in Lithuania has increased by about 1.5% each year. In 2023, Lithuania ranked 24th globally in clothing expenditure, with Serbia surpassing it at €1.4 billion. The top countries in this category were Germany, Italy, and France, holding the second, third, and fourth positions, respectively. Meanwhile, Lithuanian apparel sales are expected to reach nearly €460 million by 2028, compared to roughly €445 million in 2023, showing an annual compound growth rate of 0.4%. Since 2010, the market has seen a slight annual decline of 0.1%. In 2023, Lithuania held the 20th position in apparel sales, with the Netherlands coming ahead at €445 million. Germany, France, and Spain occupied the second, third, and fourth spots, respectively, in this ranking.
