The forecasted household expenditure on clothing and footwear in Germany from 2024 to 2028 shows a slight decline from 1.8% to 1.6% of GDP. The year-on-year variation indicates a stable expenditure in 2025, followed by a gradual decrease through 2028. Comparing this trend with the last two years of actual data, which included stable or slightly decreasing expenditure shares, the compound annual growth rate (CAGR) over five years reveals a slight average annual decrease.
Key future trends to watch for include:
- Impact of changing consumer preferences towards sustainable and digital fashion.
- Potential shifts in GDP allocation toward essential goods affecting non-essential categories like clothing and footwear.
- E-commerce advancement possibly influencing regional expenditure patterns.