The turnover in the wearing apparel sector in France stood at 6.09 billion Euros in 2023. Forecasts suggest a declining trend over the next five years, with turnover falling to 5.53 billion Euros in 2024, 4.97 billion Euros in 2025, 4.41 billion Euros in 2026, 3.85 billion Euros in 2027, and 3.3 billion Euros by 2028.
Year-on-year variations:
- 2024: -9.2%
- 2025: -10.1%
- 2026: -11.3%
- 2027: -12.7%
- 2028: -14.3%
The compounded annual growth rate (CAGR) from 2023 to 2028 is -11.6%.
Future trends to watch for:
- Shifts in consumer behavior towards sustainability and second-hand apparel
- Investment in e-commerce and digital transformations
- The impact of economic conditions on consumer spending power
- Innovations in textile technology and materials driving new product offerings
