GITNUX MARKETDATA REPORT 2024

Money Spent On Clothes Statistics [Fresh Research]

Statistic 1

"The average UK person spends about £1,042 yearly on new clothing."

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Statistic 2

"The average American household spends around $1,800 annually on clothing."

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Statistic 3

"Retail apparel sales plummeted by 52% in April 2020 due to COVID-19."

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Statistic 4

"The average woman in the U.S. has around $500 worth of unworn clothing."

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Statistic 5

"Clothing sales in the U.S. saw a 31.42% increase from 2018 to 2020."

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Statistic 6

"In 2020, the global apparel market was valued at roughly $1.5 trillion."

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Statistic 7

"4% of the average American's annual spending budget is allocated to apparel."

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Statistic 8

"The average household in Australia spends about AUD 1,800 per year on fashion."

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Statistic 9

"On average, Americans spend nearly $59 billion on clothing and accessories annually."

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Statistic 10

"Luxury fashion spending soared by 35% between 2019 to 2021."

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Statistic 11

"Clothing expenditure in households with children is 2.5 times higher than in households without children."

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Statistic 12

"40% of all clothing purchases in the United States are now made online."

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Statistic 13

"Online fashion market in Europe is expected to grow by 45.2% from 2020 to 2025."

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Statistic 14

"Millennials tend to spend approximately $2,000 annually on clothing and accessories."

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Statistic 15

"20-30-year-olds spend around $1,000 on work clothes annually in the U.S."

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Statistic 16

"Women typically spend 76% more than men on clothing annually."

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Statistic 17

"The average U.S. consumer buys 68 garments per year."

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Statistic 18

"Fast fashion industry is valued at approximately $35 billion in the U.S. alone."

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Statistic 19

"Men's and boys' clothing was a $90 billion market in the U.S. in 2019."

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Statistic 20

"Footwear spending constitutes about 12% of total clothing expenditure for the average American family."

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