On track for substantial growth, revenues from the Australian apparel market are likely to increase to $21.72 billion by the end of 2024, according to Statista. This growth is expected to continue at a CAGR of 2.21 per cent from 2024 to 2029.

Within the Australian market, the women’s apparel segment is projected to generate $11.86 billion in 2024 followed by men’s apparel at $6.35 billion and children’s clothing, which is expected to reach $3.51 billion.

In terms of consumer spending, Australians are expected to spend an average of $812.90 per person on apparel in 2024, reflecting strong engagement with fashion products. By 2029, the Australian apparel market is forecast to reach 1.8 billion items, translating to an average of 63.8 pieces per person in 2024.

While smaller in scale compared to global giants like the US, which is set to lead the apparel market with expected revenues of $359 billion in 2024, Australia's apparel sector shows considerable potential for growth in the coming years.