The turnover in the wearing apparel sector in the Netherlands for 2023 stood at 447.8 million Euros. The forecasted data for subsequent years indicate a slight decline:
- 2024: 447.0 million Euros (-0.2% YoY)
- 2025: 446.4 million Euros (-0.1% YoY)
- 2026: 445.9 million Euros (-0.1% YoY)
- 2027: 445.4 million Euros (-0.1% YoY)
- 2028: 445.1 million Euros (-0.1% YoY)
Over the past two years, the sector has experienced an overall minor contraction of approximately -0.2%. The five-year compound annual growth rate (CAGR) from 2023 to 2028 is -0.15% yearly on average.
Looking ahead, future trends to watch include the impact of sustainability practices, advancements in digital fashion, and evolving consumer preferences towards sustainable and ethically produced apparel. Additionally, the influence of global economic factors and the digital transformation within the retail sector will be critical.
