In 2023, the European household expenditure on clothing and footwear was led by France, with expenditures amounting to 32.48 million euros. The Netherlands demonstrated a strong year-on-year growth rate of 4.19%, while Ireland and Croatia also showed notable increases of 7.6% and 8.37%, respectively. Conversely, Spain and Greece experienced declines of -1.36% and -0.59%. The compound annual growth rate over the past five years indicates a mixed growth trend across these markets, with some countries experiencing consistent growth while others face stagnation or decline.
Future trends to watch include:
- A continued focus on sustainable and ethical fashion could drive changes in expenditure.
- The influence of e-commerce expansion and digital transformation in the retail industry.
- Economic and geopolitical factors affecting disposable incomes and consumer confidence.
Top countries in Household Expenditure on Clothing and Footwear Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 32.48 | 2023 | +0.54% | +0.28% | View data |
| 2 | 2 Spain | 20.07 | 2023 | +1.78% | -1.36% | View data |
| 3 | 3 Netherlands | 15.11 | 2023 | +1.89% | +4.19% | View data |
| 4 | 4 Austria | 8.26 | 2023 | +0.97% | +0.36% | View data |
| 5 | 5 Belgium | 7.86 | 2023 | -1.67% | +0.22% | View data |
| 6 | 6 Ireland | 3.98 | 2023 | +2.06% | +7.6% | View data |
| 7 | 7 Greece | 3.82 | 2023 | -0.17% | -0.59% | View data |
| 8 | 8 Slovakia | 1.83 | 2023 | +2.85% | +4.33% | View data |
| 9 | 9 Croatia | 1.64 | 2023 | +0.95% | +8.37% | View data |
| 10 | 10 Lithuania | 1.3 | 2023 | +1.82% | +1.56% | View data |
