The wearing apparel sector in Austria is projected to experience consistent declines from 2024 to 2028. Specifically, turnover is expected to decrease from €565.2 million in 2024 to €471.7 million in 2028, illustrating a downward trend. In 2023, the turnover stood at €588.9 million. The year-on-year variations between 2024 and 2025, 2025 and 2026, 2026 and 2027, and 2027 and 2028 are -4.19%, -4.35%, -4.47%, and -4.66% respectively. The Compound Annual Growth Rate (CAGR) over the five-year period indicates an average annual reduction of 4.22%.

Future trends to watch for:

Changing consumer preferences towards sustainable and eco-friendly apparel.
The impact of digital transformation and e-commerce on traditional retail channels.
Economic factors and their influence on consumer spending power.
Global supply chain disruptions and their effects on product availability and pricing.