The turnover in the wearing apparel sector in Norway stood at 3.00 billion NOK in 2023. The forecasted data from 2024 to 2028 shows a slight decline in turnover, with values decreasing gradually from 2.98 billion NOK in 2024 to 2.95 billion NOK in 2028. Year-on-year variations indicate a decline of approximately 0.34% from 2024 to 2025, 0.34% from 2025 to 2026, 0% from 2026 to 2027, and a further decline of 0.34% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 reflects an average annual decrease of 0.34%.
Future trends to watch for include:
- Impact of sustainable fashion and consumer shifts towards eco-friendly choices.
- Influence of technology and e-commerce on the apparel market landscape.
- Global economic factors affecting consumer spending power in Norway.
- Innovations in textile materials and production processes.
