The turnover in Italy's wearing apparel sector showed fluctuating patterns from 2013 to 2023, with a notable decline in 2020 due to the pandemic, reaching 28.0 billion euros. Despite some recovery from 2021 to 2023, the forecast for the next five years indicates a gradual downturn, reaching 27.03 billion euros in 2028. The sector stood at 30.28 billion euros in 2023. The year-on-year growth peaked in 2017 with an 11.04% increase but experienced volatility thereafter. The compound annual growth rate (CAGR) over the last five years shows a mild negative trend of -0.59%.
Future trends to watch include:
- Impact of economic recovery post-pandemic on consumer spending.
- Shifts towards sustainable and ethical fashion.
- Advances in e-commerce and digital transformation in retail.
