European household expenditure on clothing and footwear shows variation across countries. Luxembourg leads with the highest expenditure per capita while Albania ranks the lowest. In 2023, notable increases were seen in Latvia, Romania, and Bulgaria, demonstrating significant year-on-year growth. Conversely, Spain encountered a decline. Other countries like Ireland, Cyprus, and the Czech Republic also posted substantial growth rates, indicating increased spending. However, countries such as Austria, Switzerland, and Finland experienced reductions in spending.
Future trends to watch include:
- Continued growth in Eastern European markets as their economies develop and consumers increase expenditure capacity.
- The potential impact of sustainability trends in the fashion industry influencing spending behaviors in Western Europe.
- Ongoing effects of inflation and economic conditions on consumer spending patterns throughout Europe.
- Technological advancements in e-commerce and retail potentially altering expenditure dynamics across countries.
Top countries in Household Expenditure on Clothing and Footwear by Country
| # | 10 Countries | Euros Per Capita | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Luxembourg | 1,800 | 2023 | +1.24% | +2.53% | View data |
| 2 | 2 Norway | 1,460 | 2023 | +1.11% | +1.83% | View data |
| 3 | 3 Iceland | 1,290 | 2023 | +0.87% | +4.26% | View data |
| 4 | 4 Austria | 1,280 | 2023 | +0.63% | -0.19% | View data |
| 5 | 5 United Kingdom | 1,270 | 2023 | +1.2% | +2.18% | View data |
| 6 | 6 Denmark | 1,140 | 2023 | +1.24% | +2.73% | View data |
| 7 | 7 Italy | 1,100 | 2023 | 0% | -0.18% | View data |
| 8 | 8 Cyprus | 1,090 | 2023 | +1.5% | +5.52% | View data |
| 9 | 9 Ireland | 1,080 | 2023 | +1.78% | +6.36% | View data |
| 10 | 10 Netherlands | 1,080 | 2023 | -6.92% | +1.72% | View data |
