In 2024, Europe's household expenditure on clothing is led by Germany, Italy, and France. Germany accounts for the largest share with 26.54 million euros, followed by Italy with 24.47 million euros, and France with 15.81 million euros. The Netherlands, due to a significant year-on-year increase of 3.81%, ranks as the fourth-largest market. Major decreases were noted in Spain (-1.43%) and Austria (-0.63%). Smaller markets like Ireland and Latvia experienced notable growth, at 6.91% and 7.86%, respectively. Over the past five years, the compound annual growth rate reflected modest fluctuations, impacting overall consumer spending patterns.
Key future trends include:
- An anticipated recovery in markets with current declines, particularly in Spain and Austria, as economic conditions improve.
- A continuation of growth in countries like Ireland and Latvia, driven by evolving consumer preferences and economic optimism.
- The potential influence of sustainability and fast fashion on purchasing decisions across Europe, prompting shifts in expenditure patterns.
- Adaptations to online retail advancements, shaping future spending dynamics and accessibility in the clothing sector.
- Macro-economic factors such as inflation and wage growth impacting disposable income, thereby influencing expenditure behaviors across the region.
Top countries in Household Expenditure on Clothing Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.54 | 2023 | -5.91% | -0.62% | View data |
| 2 | 2 Italy | 24.47 | 2023 | +1.45% | +0.52% | View data |
| 3 | 3 France | 15.81 | 2023 | +0.36% | +0.034% | View data |
| 4 | 4 Spain | 9.26 | 2023 | +0.9% | -1.43% | View data |
| 5 | 5 Netherlands | 7.65 | 2023 | +1.8% | +3.81% | View data |
| 6 | 6 Belgium | 4.07 | 2023 | -2.94% | +0.52% | View data |
| 7 | 7 Austria | 3.94 | 2023 | -4.01% | -0.63% | View data |
| 8 | 8 Ireland | 1.97 | 2023 | +2.34% | +6.91% | View data |
| 9 | 9 Finland | 1.82 | 2023 | +1.08% | -0.049% | View data |
| 10 | 10 Greece | 1.7 | 2023 | -0.7% | -1.08% | View data |
