Australia’s apparel market is projected to reach US $ 21.72 billion in 2024 in sales. The market is further projected to grow with a CAGR of 2.29 per cent from 2024 to 2027.
According to statistics released by Statista, women’s apparel is the market’s largest section, with a market volume of US $ 11.86 billion in 2024, followed by menswear with a revenue of US $ 6.35 billion and kidswear valued at US $ 3,509 million.
In contrast to other nations, the US earns the most revenue in the apparel industry, with a projected value of US $ 359 billion in 2024.
When the complete population is taken into account, the per-person revenue in Australia in 2024 is US $ 813.30, contributing substantially to the growth of the Australian retail market.
Looking ahead, the apparel market is estimated to reach 1.8 billion pieces by 2027. However, a modest volume expansion of 1.5 per cent is expected in 2025.
The data predicts the average volume per person in Australia is expected to be 63.8 pieces.
With a growing desire for sustainable and socially manufactured clothing, Australian customers are increasingly adopting fashion that is sustainable.
