The global apparel market size is estimated at around $1.7 trillion, and the industry has seen a muted consumption growth of around 2% in the last five years ended CY2025 owing to a relatively weak consumer demand and inflationary pressures. The post-pandemic recovery in apparel exports was strong. However, the growth has been slower in the last two years, reflecting weak demand sentiments amid challenging macro conditions. 

Going forward, while clothing demand and appeal for fashion wear will remain the key drivers, a meaningful recovery in discretionary spending across key markets will be critical for a healthy and sustained growth.