Key Market Indicators
Slovakia's clothing expenditure is projected to climb to approximately €2.1 billion by 2028, up from around €1.8 billion in 2023. This marks an average annual growth rate of 1.7%. Since the turn of the millennium, Slovak demand for clothing has surged at an average rate of 5.2% per year. In 2023, Slovakia held the 21st position in the European clothing expenditure rankings, with Croatia surpassing it at the same expenditure level of roughly €1.8 billion. Leading the list were Germany, Italy, and France, occupying the second, third, and fourth spots, respectively. In terms of apparel sales, Slovakia is forecasted to reach €450 million by 2028, up from €433 million in 2023. This represents a modest annual growth rate of 0.6%. However, since 2011, the Slovak apparel market has experienced a slight decline of 0.6% per year on average. In 2023, Slovakia ranked 21st in apparel sales, with Lithuania overtaking it at the same sales figure of €433 million. Germany, France, and Spain held the second, third, and fourth positions in this category.
