PUBLISHER: GlobalData | PRODUCT CODE: 1827111
PUBLISHER: GlobalData | PRODUCT CODE: 1827111
This report offers a detailed analysis of the apparel market in Germany with forecasts to 2029. It includes analysis of consumer shopping behavior, apparel brands, product categories, channels, and the macroeconomic climate.
Germany's real GDP declined in both 2023 and 2024 as it faced high interest rates and a tough exports market due to increasing competition from China. Real GDP is forecast to remain flat in 2025 due to the impact of US tariffs. Inflation lowered from 5.9% in 2023 to 2.3% in 2024 and 2.2% in 2025, helping consumer sentiment recover, though will remain higher than pre-pandemic levels. Germany also faces the problem of an ageing population and rising unemployment, putting pressure on incomes and inhibiting apparel demand.