PUBLISHER: GlobalData | PRODUCT CODE: 1646653
PUBLISHER: GlobalData | PRODUCT CODE: 1646653
The Apparel Market in Asia-Pacific to 2028 report offers comprehensive insight and analysis of the Asia-Pacific apparel market, the major players, category and markets analysis and consumer attitudes.
The apparel market in Asia-Pacific rose 5.1% in 2023 to $764.0bn, driven by a post-pandemic rebound in China after persistent lockdowns in 2022. 2024 has been a challenging year for the region, with a much more muted growth of 0.6% as China's economy has been heavily impacted by the real estate crash and rising youth unemployment, alongside economic problems in Japan later in the year after a strong first half. Growth is expected to pick up from 2025 as the Chinese economy hopefully somewhat improves. Between 2023 and 2028, the region is expected to grow at a CAGR of 2.8%, mainly due to emerging economies and a rise in urban and middle class populations. As a result, Asia-Pacific will grow its share within the global market.