The forecast for the wearing apparel sector, excluding fur in Germany, shows a gradual decrease in turnover from 2024 to 2028, with values moving from 6.81 billion Euros to 6.55 billion Euros. The sector was at a slightly higher turnover in 2023. This downward trend, depicted through year-on-year percentage changes, indicates a minor but steady contraction, culminating in a negative Compound Annual Growth Rate (CAGR) over the five years.
Future trends to watch for include:
- Consumer preference shifts towards sustainable and ethical fashion, potentially affecting traditional apparel sales.
- The impact of digital transformation and e-commerce growth on traditional retail apparel turnover.
- Global economic factors and inflation, which could further impact disposable income and consumer spending behavior.