Clothing Accessories & Other Clothes - Singapore

  • Singapore
  • In 2024, the Clothing Accessories & Other Clothes market in Singapore is projected to generate a revenue of US$118.80m.
  • It is anticipated that this market will experience an annual growth rate of 4.37% (CAGR 2024-2029).
  • When compared globally, in China leads the way in terms of revenue generation, with a staggering US$14,110m in 2024.
  • In relation to the total population, the per person revenue in Singapore is estimated to be US$19.63 in 2024.
  • Looking ahead, the volume in the Clothing Accessories & Other Clothes market is expected to reach 19.2m pieces by 2029.
  • Additionally, a volume growth of 1.0% is projected for 2025.
  • The average volume per person in the Clothing Accessories & Other Clothes market is forecasted to be 3.0pieces in 2024.
  • Singaporean consumers are increasingly embracing sustainable and ethically produced clothing accessories, driving demand for eco-friendly and socially responsible brands in the market.

Key regions: Malaysia, Europe, Germany, India, Indonesia

 
Market
 
Region
 
Region comparison
 
Currency
 

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Overview

  • Revenue
  • Sales Channels
  • Volume
  • Key Players
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
Please wait