Europeans expected to overtake Americans in clothing expenses by 2025
According to a study on garment expenses performed by Statista, significant changes in the spending patterns of Americans and Europeans are expected to take place during the next ten years. While in 2012, consumers in the United States spent significant more for clothing than their European counterparts, the situation will reverse by 2025.
In 2025, the average European consumer will spend 804 dollars per year in clothing – corresponding to the fourth spot worldwide, compared with 663 dollars only in 2012.
The Old Continent is expected overtake the United States: Americans, which would move down one spot to the fifth position, are expected to spend 781 dollars in 2025, compared with 686 dollars in 2012.
Australia tops this ranking, with expected expenses of 1,643 dollars per capita in 2025, followed by Canada, with 1,221 dollars and Japan, with 1,080 dollars.
Russia would overtake Brazil, with respectively 740 and 454 dollars per capita. There were almost at the same level in 2012.
China, with 377 dollars, and India, with 138 dollars, complete the ranking.
The study was realized in nine regions - Australia, Canada, Japan, Europe, the United States, Russia, Brazil, China and India, by comparing the per capita budget in 2012 to estimates for 2025.
Still, long-term estimates should always be considered with caution...
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