The forecast for wearing apparel turnover in Switzerland shows a gradual decline from 2024 to 2028. Starting at €837.7 million in 2024, the turnover is expected to decrease each year, reaching €815.2 million by 2028. The year-on-year variation highlights a consistent drop of around 0.7% annually. Compared to the turnover in 2023, this trend indicates a continuing reduction in market size over the five-year period. The compound annual growth rate (CAGR) for these years suggests a steady negative trend in the apparel market.
Future trends to watch for include potential shifts in consumer behavior, such as increased preferences for sustainable and ethical fashion, the impact of online retail growth, and economic factors influencing disposable income and spending on non-essential items. These elements could play crucial roles in reversing or exacerbating the projected downward trend.
