In 2023, Italy dominated the European wearing apparel market with a turnover of 30.28 billion Euros, far ahead of other major players such as Germany (7.28 billion) and France (6.1 billion). Over the past year, most countries exhibited negative or negligible growth, with Italy declining by 0.59%, Germany by 0.93%, and France by 2.95%. Notable exceptions included Portugal and Bulgaria, which grew by 1.09% and 1.04%, respectively. Switzerland also saw a robust increase of 1.57%, while Austria and the UK experienced significant declines of 2.81% and 2.11%, respectively.
Future trends to watch for include:
- Potential continued growth in emerging markets like Portugal and Poland.
- Stability in more mature markets despite recent declines, particularly in Italy, Germany, and France.
- Potential for recovery in countries with substantial negative trends such as Hungary and Austria.
- Opportunities for investment in smaller markets showing positive variation, such as Bosnia and Herzegovina.
Top countries in Wearing Apparel Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 30,280 | 2023 | +1.01% | -0.59% | View data |
| 2 | 2 Germany | 7,280 | 2023 | +0.91% | -0.93% | View data |
| 3 | 3 France | 6,100 | 2023 | -4.39% | -2.95% | View data |
| 4 | 4 Spain | 4,380 | 2023 | +2.19% | -0.65% | View data |
| 5 | 5 Portugal | 4,220 | 2023 | +4.25% | +1.09% | View data |
| 6 | 6 Poland | 2,660 | 2023 | +1.16% | +0.75% | View data |
| 7 | 7 United Kingdom | 2,600 | 2023 | -3.68% | -2.11% | View data |
| 8 | 8 Romania | 2,130 | 2023 | +4% | -1.02% | View data |
| 9 | 9 Bulgaria | 1,520 | 2023 | +4.66% | +1.04% | View data |
| 10 | 10 Greece | 867.9 | 2023 | +4.53% | -1.85% | View data |
