Clothing and footwear retail market in Central Europe grew by 3.9% in 2016More information on this topic is presented in the PMR report:
Clothing and footwear retail market in Central Europe 2017
Market analysis and development forecasts for 2017-2022
- August 2017
- Delivery: online access / Excel
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The cosmetics retail market in the five CE countries (i.e., Bulgaria, the Czech Republic, Hungary, Romania, Slovakia) grew by 5.8% in 2016, reaching €8.2bn. In 2017, the market is expected to increase at a similar pace, by 5.9%. These are the key findings from a new report by PMR, “Clothing and footwear retail market in Central Europe 2017. Market analysis and development forecasts for 2017-2022”.
In all the countries under review, market values increased in local currencies in 2016, which bodes well for the future. The highest growth was noted in Bulgaria and Romania, while the lowest increase occurred in the Czech Republic.
This trend is expected to continue in the coming years and countries with lower per capita expenditures on C&F (Romania, Bulgaria) will be catching up to those spending the most (Czech Republic, Slovakia). By 2022, per capita expenditure on C&F in these countries is expected to reach two-thirds of the highest spending country.
In per capita terms, Slovak consumers spent €216 on clothing and footwear in 2016, the most in the CE. The Czech market is the most mature and developed in the region. On the other hand, the average Romanian consumer spent €122, the least in the region.
The country with the highest share of the clothing segment in the total C&F market is Hungary, while the lowest is Romania. In all the countries analysed, the clothing segment share is expected to increase by 2022.
More information on this topic is presented in the PMR report:
Clothing and footwear retail market in Central Europe 2017. Market analysis and development forecasts for 2017-2022