Is Sustainability the Future of Australian Fashion?
In 2022, Australia's Clothing Market Size was estimated to be worth USD 22.5 billion. With a compound annual growth rate (CAGR) of 3.00% from 2023 to 2032, the apparel sector is expected to increase from USD 23.2 billion in 2023 to USD 29.3 billion by 2032. The primary market factors expected to propel Australia's clothing market include growing online shopping demand, evolving consumer preferences for branded products, and growing awareness of the value of sports and fitness.
Key segments in the market include men’s, women’s, and children’s apparel, with women's wear dominating the industry. The rise in e-commerce has also revolutionized how Australians shop, with online retailing becoming a significant driver of growth.
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