The forecasted turnover in the wearing apparel sector in Germany for 2024 starts at 7.12 billion euros. Over the next four years, a steady downward trend is projected with annual turnovers decreasing: 6.95 billion euros in 2025, 6.78 billion euros in 2026, 6.62 billion euros in 2027, and 6.46 billion euros in 2028. Compared to the value of 7.29 billion euros in 2023, this indicates an observable decline.

Year-on-year variations:

2024: -2.3%
2025: -2.4%
2026: -2.4%
2027: -2.4%
2028: -2.4%

The compound annual growth rate (CAGR) for the period from 2024 to 2028 stands at approximately -2.4%, averaging a steady decrease year over year.

Future trends to watch for:

Impact of sustainability trends on consumer purchasing behaviors.
Emergence of digital and e-commerce platforms changing the retail landscape.
Economic factors and potential regulatory changes influencing production and sales.