As the year comes to a close, Japan's thriving apparel market is poised to achieve an impressive US $87 billion in sales for 2023, according to recent data. Projections indicate a continuous growth trajectory, with a Compound Annual Growth Rate (CAGR) of 2.42 percent anticipated from 2023 to 2027.

Statista's released statistics reveal that the women's apparel segment dominates the market, boasting a substantial market volume of US $48.41 billion in 2023. Following closely is menswear, contributing a revenue of US $29.83 billion, while kidswear holds a commendable value of US $8.76 billion.

In a global context, China secures the top position in apparel industry revenue, with a projected value of US $371.20 billion. The United States claims the second spot, raking in revenues totaling US $351 billion in 2023.

When considering the entire population, Japan stands out with a noteworthy per-person apparel revenue of US $705.60 in 2023. This individual spending plays a substantial role in propelling the Japanese retail market to new heights.

Looking ahead, the apparel market is estimated to encompass a staggering 4.3 billion pieces by 2027. Despite a modest volume reduction of 2.4 percent, the data suggests that the average volume per person in Japan is expected to be 38.5 pieces. This points towards a sustained and robust demand for apparel, underlining the significance of Japan as a key player in the global retail landscape. The country's penchant for high-quality fashion and individual spending habits continue to drive the growth of its apparel market, showcasing resilience and adaptability in the face of evolving consumer preferences.