In 2023, household expenditure on clothing and footwear in Germany was approximately 71.97 billion Euros. The forecast from 2024 to 2028 indicates a slight annual decline, with expenditures reaching 71.26 billion Euros by 2028. This represents a consistent yearly decrease, reflecting a minor, yet steady downward trend in consumer spending within this sector. Over the last two years, particularly from 2023 to 2025, the year-on-year percentage change shows a slight decline, and the forecasted five-year CAGR is negative, underscoring the depreciation trend.
Future trends to watch include:
- Potential impact of sustainable fashion and consumer shifts towards eco-friendly brands.
- E-commerce growth and its influence on traditional retail spending.
- Economic factors such as inflation and unemployment rates influencing disposable income and consumer priorities.