In 2023, household expenditure on men's shirts and sweaters in Japan was recorded at 6.35 thousand Japanese Yens. According to the forecast data from 2024 to 2028, there is a gradual decline year-on-year. Specifically, the values decrease from 6.21 thousand Yens in 2024 to 5.66 thousand Yens in 2028. This reflects a year-on-year decrease averaging around 2.3%. Over the five-year period, the Compound Annual Growth Rate (CAGR) indicates a consistent annual average reduction of approximately 2.9%.
Future trends to watch for:
- Changing consumer preferences towards casual and versatile clothing.
- Impact of economic factors such as inflation and disposable income on spending habits.
- Potential growth in online retail channels and their influence on pricing and demand.