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The Sales value of Clothing Segment in United Kingdom (2020 - 2027, USD million)

Industry: Clothing & Footwear
Current: Market Sizing & Shares

The Clothing Segment in United Kingdom registered Sales value of USD 54,037.91 million in 2023
The indicator recorded a historical growth (CAGR) of 9.72% between 2020 to 2023, and is expected to grow by...
GlobalData projects the indicator to grow ...

The Sales value of Clothing Segment in United Kingdom (2020 - 2027, USD million)

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Key Highlights

The UK Apparel market is forecast to rebound to pre-COVID levels by 2023
International travel bans and the scrapping of duty-free poses challenges to luxury players

Sports brands benefit from the continued growth of athleisure and consumers’ changing lifestyles
Ageing population to reduce sales prospects
Sustainability and ethics are an increasingly important trend in the apparel market

UK Apparel Market Drivers

Post pandemic economic growth

Pent-up demand
Return of tourists
Online retailing
Casualwear and sportswear
Sustainability

UK Apparel Market Inhibitors

Ageing population
Declining spending power
Brexit
Circularity

Impact of COVID-19 on the Apparel Market

The UK has been one of the most affected European markets throughout COVID-19, being written off the original 2020 Apparel market forecast, resulting a decline in sales as a result of multiple lockdowns, economic uncertainty and stringent restrictions on social gatherings leaving consumers with fewer reasons to buy.

The UK Apparel market will return to pre-pandemic levels in 2023, thanks to the country’s vaccination efforts which will allow normality to return. High rates of vaccination and its effectiveness will help to boost consumer sentiment and apparel sales as people feel safer and more comfortable socializing.

Womenswear was the most affected clothing category in 2020, recording a sales decline, 2021 sales are forecast to increase Demand for occasion wear and formalwear was wiped out during the COVID-19 pandemic due to increased home working and cancelled social events, and the long-term shift towards casualization will restrict these categories from fully rebounding.

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