In 2023, household expenditure on clothing and footwear in Japan was 104.78 thousand Japanese Yens. Forecast data indicate a downward trend with a year-on-year decrease of approximately 1.84% from 2024 to 2025 and around 1.83% from 2025 to 2026. The expenditure continues to decline by about 1.83% in 2026 and 1.84% in 2027. The compound annual growth rate (CAGR) from 2023 to 2027 projects an average annual decrease of nearly 1.91%.
Future trends to watch for include:
- Demographic changes potentially reducing overall consumer demand.
- Potential impacts of economic factors such as inflation or shifts in consumer preferences.
- Technological advancements in retail affecting consumer behavior and expenditure patterns.