The average expenditure per household on women's and girls' wear in Canada was approximately 1.65 thousand CAD in 2023. Forecasts indicate a slight downward trend over the next five years, with expenditure decreasing to 1.63 thousand CAD by 2028. The year-on-year variation is marginal, showing a stable pattern without significant fluctuations. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 illustrates a minor negative trend, suggesting a slowing market.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and ethical fashion.
- The impact of online retail expansion on purchasing behavior.
- Demographic changes influencing fashion expenditure patterns.
