Apparel and footwear in 2024: The big picture
Apparel and footwear witnessed a mild recovery in retail volume sales over 2024, following two years of decline. The strong rebound in domestic and foreign tourism is driving the purchase of casualwear, sportswear, walking shoes, and travel-related supplies.
2024 key trends
Apparel and footwear continue to witness polarisation given the weaker economy and elevated rate of inflation. Higher budget-consciousness has made people more inclined to favour cheaper fast fashion brands.
Competitive landscape
Nike, Uniqlo, and adidas retained their top position in apparel and footwear. Whilst Uniqlo and adidas enjoyed healthy growth in value share over 2024, Nike suffered a loss.
Retailing developments
Retail sales in physical stores such as department stores continue to rise in 2024. Specialist apparel and footwear stores saw a marginal decline in value sales with e-commerce posting notable growth once again.
What next for apparel and footwear?
The economic outlook regarding inflation and disposable income is expected to be more pessimistic in the forecast period due to the recent increase in retail unemployment and store closures. Amid economic uncertainty, local consumers are concerned about future income and rising prices.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel and Footwear industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Childrenswear
- Apparel and Accessories
- Menswear
- Womenswear
- Jeans
- Hosiery
- Footwear
- Sportswear
If you're in the Apparel and Footwear industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel and Footwear in Taiwan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel and Footwear in Taiwan?
- Which are the leading brands in Taiwan?
- How are products distributed in Taiwan?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Apparel and Footwear in Taiwan?
- Where is future growth expected to be most dynamic?
Apparel and Footwear in Taiwan
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
Childrenswear in Taiwan
KEY DATA FINDINGS
Sportswear is dynamic part of childrenswear
Local brands take on the fast-fashion giants
Lower demand for baby/toddler wear
Digital marketing and e-commerce to evolve retailers’ strategies
Sustainability concerns will shape product development
Value growth to outperform volume performance
Apparel Accessories in Taiwan
KEY DATA FINDINGS
Slight volume decline as demand stabilises for cloth face masks
Mixed performance as weather impacts demand
Uniqlo holds strong lead in competitive landscape
Mixed outlook for apparel accessories
Outdoor activities and sports can help lift sales
Opportunities for local niche brands to thrive
Menswear in Taiwan
KEY DATA FINDINGS
Men’s street fashion continues to diversify
Shoppers prefer shopping malls when buying menswear
Omnichannel strategies are of key importance
Comfort and functionality will be high priority for menswear
Unisex designs set to make an impact
Select shops are expanding their presence in highly competitive retail environment
Womenswear in Taiwan
KEY DATA FINDINGS
Womenswear spending falls after two strong years
Emphasis on business comfort and workleisure attire
Major players create omnichannel shopping experiences
Functional apparel and affordable fashion to drive growth
Multi-brand retailing to support category performance
Sustainable manufacturing to become the industry norm
Jeans in Taiwan
KEY DATA FINDINGS
Warmer weather and desire for better comfort dampens volume sales
Loose and baggy jean trend expands over 2024
Sustainability impact is not widely understood in jeans
Domestic jeans manufacturers face demise
Functionality will be focus of innovation
Hybrid shopping behaviour will drive digital investments
Hosiery in Taiwan
KEY DATA FINDINGS
Hosiery posts weaker volume growth in 2024
Younger consumers prefer long to unfashionable short socks
Competitive landscape is highly fragmented
Innovations can add value in hosiery
Lifestyle retailers will expand product choice
Local brands have scope to perform well
Footwear in Taiwan
KEY DATA FINDINGS
Outdoor activities and tourism supports footwear sales
Highly competitive landscape puts pressure on local brands to differentiate
Sneakers are losing some interest among Gen X and Y
Functional features are crucial part of differentiation strategies
Scope for retail expansion in southern regions
Sustainability will continue to be key priority
Sportswear in Taiwan
KEY DATA FINDINGS
Outdoor apparel and footwear drives category performance
Novelty products inspired by events and sports celebrities
Retailing landscape is undergoing transformation
Strong growth potential for badminton-related sportswear
Large outdoor goods stores have strong competitive advantage
Sports-inspired apparel to support category growth
The following categories and subcategories are included:
Apparel and Footwear
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- Baby and Toddler Wear
- Boys' Apparel
- Girls' Apparel
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- Belts
- Gloves
- Hats/Caps
- Scarves
- Ties
- Other Apparel Accessories
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- Men's Nightwear
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- Economy Men's Jeans
- Standard Men's Jeans
- Premium Men's Jeans
- Super Premium Men's Jeans
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- Men's Jackets and Coats
- Men's Jumpers
- Men's Shirts
- Men's Shorts and Trousers
- Men's Suits
- Men's Tops
- Other Men's Outerwear
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- Men's Swimwear
- Men's Underwear
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- Women's Nightwear
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- Economy Women's Jeans
- Standard Women's Jeans
- Premium Women's Jeans
- Super Premium Women's Jeans
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- Women's Dresses
- Women's Jackets and Coats
- Women's Jumpers
- Women's Leggings
- Women's Shirts and Blouses
- Women's Shorts and Trousers
- Women's Skirts
- Women's Suits
- Women's Tops
- Other Women's Outerwear
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- Women's Swimwear
- Women's Underwear
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- Nightwear
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- Economy Jeans
- Standard Jeans
- Premium Jeans
- Super Premium Jeans
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- Dresses
- Jackets and Coats
- Jumpers
- Leggings
- Shirts and Blouses
- Shorts and Trousers
- Skirts
- Suits
- Tops
- Other Outerwear
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- Swimwear
- Underwear
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- Sheer Hosiery
- Non-Sheer Hosiery
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- Children's Footwear
- Men's Footwear
- Women's Footwear
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- Performance Apparel
- Outdoor Apparel
- Sports-inspired Apparel
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- Performance Footwear
- Outdoor Footwear
- Sports-inspired Footwear
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Apparel and Footwear
Apparel is the aggregation of clothing and footwear. This dataset covers retail sales of apparel through both store-based retailers and non-store retailers. Excludes black market sales (i.e. untaxed, generated within informal retailing)and duty free sales (travel retail). Items must be new when sold to the consumer; second-hand/used items are excluded. Antique and/or vintage clothing and footwear is also excluded.
See all of our definitionsWhy buy this report?
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This report originates from Passport, our Apparel and Footwear research and analysis database.
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