In 2023, the United Kingdom led European clothing and footwear expenditure, followed by Germany, Italy, and France. Poland and Romania showed notable positive growth, with increases of 3.78% and 6.87%, respectively. Latvia and Bulgaria experienced the most significant year-on-year growth at 12.24% and 10.76%. Contrastingly, Italy and Spain recorded declines of 2.73% and 2.95%, respectively. Continuous positive growth was observed in emerging markets like Serbia and Estonia.
Future trends to watch include:
- Sustained growth in Eastern European countries driven by increasing disposable incomes.
- A focus on sustainable and eco-friendly clothing potentially stimulating market dynamics across Western Europe.
- Technological integration in fashion retail, enhancing consumer experience and influencing spending patterns.
- Evolving fashion trends may lead to shifts in consumer priorities and regional expenditure patterns.
Top countries in Clothing and Footwear Nominal Expenditure by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 85,990 | 2023 | +7.1% | +2.5% | View data |
| 2 | 2 Germany | 73,280 | 2023 | -2.11% | -0.19% | View data |
| 3 | 3 Italy | 57,830 | 2023 | -7.05% | -2.73% | View data |
| 4 | 4 France | 43,390 | 2023 | -2.29% | -0.7% | View data |
| 5 | 5 Spain | 25,930 | 2023 | +0.71% | -2.95% | View data |
| 6 | 6 Netherlands | 19,060 | 2023 | -1.26% | +2.02% | View data |
| 7 | 7 Poland | 18,480 | 2023 | -2.19% | +3.78% | View data |
| 8 | 8 Romania | 12,020 | 2023 | +7.11% | +6.87% | View data |
| 9 | 9 Belgium | 11,140 | 2023 | -4.62% | +0.45% | View data |
| 10 | 10 Austria | 11,100 | 2023 | +0.97% | -0.47% | View data |
