The French wearing apparel sector, excluding fur, is expected to experience a declining trend from 2024 to 2028. The industry's turnover, forecasted to be 3.28 billion euros in 2024, is anticipated to decrease progressively to 1.88 billion euros by 2028. This represents a year-on-year percentage decline as the market faces challenges. Looking back from 2023, the sector has been impacted by various economic challenges, which are reflected in the diminishing turnover forecast over these years. The entire period from 2024 to 2028 shows a consistent average annual decrease, with an apparent negative compound annual growth rate (CAGR).
Future trends to watch for include:
- Increased emphasis on sustainability and eco-friendly fashion, which could affect consumer preferences.
- The potential impact of technological advancements such as AI in fashion design and marketing.
- Shifts in global trade policies and their influence on import-export dynamics in the apparel industry.
- Behavioral changes in consumers post the pandemic, focusing more on digital shopping experiences.