Thesecondhand apparel revenue in GCC totaled US$ 2,727.5 million in 2023. Demand for secondhand apparel recorded a y-o-y growth of 6.5% in 2023. Overall sales of secondhand apparel in GCC are likely to soar at a 7.7% CAGR, taking the valuation from US$ 2,912.6 million in 2024 to US$ 6,114.95 million by 2034.
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This surge in the popularity of secondhand apparel can be attributed to several factors, including:
- Growing awareness of sustainability: Consumers are increasingly conscious of the environmental impact of the fashion industry and are seeking ways to shop more sustainably. Secondhand clothing offers an eco-friendly alternative to fast fashion by extending the life cycle of existing garments.
- Cost-effectiveness: Secondhand clothing provides an affordable way for consumers to access a wider variety of styles and brands. This is particularly appealing in today’s economic climate, where many consumers are looking for ways to save money.
- Uniqueness and individuality: Secondhand stores often offer unique and vintage finds that cannot be found in traditional retail stores. This allows consumers to express their personal style and stand out from the crowd.
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GCC Secondhand Apparel Industry Analysis by Category
By Product Type:
- Party, Evening & Occasion Wear
- Formal Wear
- Denim
- Ethnic Wear
- Kids Wear
- Casual Wear
- Lounge Wear
By Consumer Orientation:
- Men
- Women
- Kids
By Sales Channel:
- Thrift Stores/Resale Stores
- Vintage Clothing Stores
- Online Market Places
- Wholesale
- Consignment Shops
- Modern Trade
By Country:
- United Arab Emirates
- Kingdom of Saudi Arabia
- Oman
- Qatar
- Kuwait
- Bahrain
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