Apparel is a valuable and voluminous market in Europe, with Germany and the United Kingdom sitting at the top. In the past ten years, market leader Germany’s textile and clothing retail generated ever-increasing revenue figures. Yet, as seen in this statistic, by 2022 apparel market in the UK is anticipated to expand, whereas Germany is forecast to slow down.
Runner-up promises growth
Together with footwear, the UK’s apparel market signals promising times ahead. Currently, the market sees fierce competition among established retailers, and e-commerce sales are worth mentioning as a game changer in this picture.
Russia’s comeback
In the European apparel market, Russia emerges as a major force with a bright outlook for 2022. The 2014 economic crisis had taken a toll on the country’s retail turnover volume, but since then the industry got back on track.
Value of the apparel market in select leading countries in Europe from 2017 to 2022*
(in million U.S. dollars)
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Department of Fashion and Apparel Studies. (February 18, 2018). Value of the apparel market in select leading countries in Europe from 2017 to 2022* (in million U.S. dollars) [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/678243/apparel-market-value-in-europe/
Department of Fashion and Apparel Studies. "Value of the apparel market in select leading countries in Europe from 2017 to 2022* (in million U.S. dollars)." Chart. February 18, 2018. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/678243/apparel-market-value-in-europe/
Department of Fashion and Apparel Studies. (2018). Value of the apparel market in select leading countries in Europe from 2017 to 2022* (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/678243/apparel-market-value-in-europe/
Department of Fashion and Apparel Studies. "Value of The Apparel Market in Select Leading Countries in Europe from 2017 to 2022* (in Million U.S. Dollars)." Statista, Statista Inc., 18 Feb 2018, https://www.statista.com/statistics/678243/apparel-market-value-in-europe/
Department of Fashion and Apparel Studies, Value of the apparel market in select leading countries in Europe from 2017 to 2022* (in million U.S. dollars) Statista, https://www.statista.com/statistics/678243/apparel-market-value-in-europe/ (last visited November 09, 2024)
Value of the apparel market in select leading countries in Europe from 2017 to 2022* (in million U.S. dollars) [Graph], Department of Fashion and Apparel Studies, February 18, 2018. [Online]. Available: https://www.statista.com/statistics/678243/apparel-market-value-in-europe/
