The Potential Of Dubai'S Clothing And Footwear Market Is Endless.

According to the Dubai industry and Commerce Bureau report, since 2010, sales of clothing and footwear in Dubai have increased by 5.5% over the past year, and the market value in 2015 is expected to be US $12 billion 800 million, which will reach US $13 billion 500 million this year.

According to the international data,

The clothing department has a value of $10 billion 400 million, a compound annual growth rate of 5.8%.

However, in recent years, the growth of footwear and sports apparel sector has slowed down, with a rough calculation of US $2 billion 400 million and US $1 billion respectively.

The increase in supply is following the growth of consumer demand. New stores are emerging, new brands are appearing, and the retail market is expanding in 2015.

The head of the Dubai industry and Commerce Bureau said that economic growth, population growth and increase of residents' income are the driving force for the growth of Dubai's main retail sector.

The industry and Commerce Bureau report also shows that although Dubai has been known for its luxury consumption, the brand of mid price has gradually developed, mainly due to the growth of tourist groups with limited budgets.

At the same time, because of the consumer's pursuit of fashion,

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Growth and new shops continue to be established in Dubai.

Dubai industry and Commerce Bureau expects that Dubai's consumer confidence and tourist support will continue to grow in the medium term, and will continue to promote the development of Dubai's retail business.

Dubai's Emirates' clothing and footwear sales are expected to reach $13 billion 500 million this year and will grow at a CAGR of 6.6% to 2020, when sales are expected to reach $17 billion, the report said.

According to the report, the beauty and personal care market in Dubai is worth 1 billion 200 million US dollars, of which 51% comes from the public beauty care section. In 2015, the public beauty care section has a turnover of US $616 million 800 thousand.

The high-end beauty care part is another important part of the beauty and personal care market, with a turnover of US $449 million in 2015, accounting for 37% of the total market.

The sales volume of clothing sector is expected to grow at a compound annual growth rate of 6.9%, which will exceed 14 billion dollars by 2020. The footwear and sportswear market is expected to have a compound annual growth rate of 5% and 5.6%, respectively, reaching 3 billion US dollars and 1 billion 300 million US dollars by 2020.

The report also shows that the sales growth of consumer electronics in Dubai in the past five years is 8.9%, and it is estimated to be 2 billion 400 million US dollars in 2015.

In the next five years, the scale of Dubai's consumer electronics market is expected to grow by 4.7%, and it will exceed 3 billion dollars by 2020.