Spanish fashion continues among the queens of the 'low cost', although prices are increasingly similar to those of the rest of Europe

Spain remains one of the kings of Low Cost fashion, although the data suggests that the price differential with respect to the European average has been shortened throughout 2020.

Specifically, fashion in Spain was only 7.8% cheaper than the European average in 2020, according to the data of the European Eurostat agency.This is the most adjusted differential since 2007.

Up to 11 countries are cheaper than Spain, while only two years ago were 4.The differential is therefore 3 years of consecutive descent, which means that fashion prices in Spain are increasingly resembling those of other European countries.

Most likely, the specialized portal points out, is that the fall is due to the general reduction of prices in the continent and not to the increase in Spanish clothing.

In addition, while clothing prices continue 10.1% below the European Union average, those of the footwear touch parity.

If the rest of the countries are attended, only the United Kingdom had the Spaniards in 2020 cheaper prices, with a distance of 12.5% compared to the European average.

The impact of the pandemic continues to go to fashion: Spanish households reduced in 2020 their expenditure on clothing and footwear 29%

They are also below Spain, the prices of Croatia, Serbia, Albania, Poland, Romania, Bosnia Herzegovina and that until a couple of years ago it was above the average prices of the EU.

Among all, the cheapest country on the continent is Turkey, which since 2018 maintained differentials greater than 50% compared to the European average.Now, the difference is extended to 66.3%.

Why is Spain Low Cost territory?

Spain is cheap and it is due to the textile giants that form it: the Primark strength accompanied by the domain of mango, tendam or inditex, with lower prices in Spain and Portugal than in the rest of the world.

But it has not always been this way.In fact, in 2003 and 2004, the first 2 years of which there are data available, prices in the country were above Europe.

Since 2005, and coinciding with Primark's landing in the territory, distances have been moving away.The same that today seem to approach, although discreetly.

The differential with the community average played maximum in the worst years of the crisis, 2012 and 2013, when buying clothes in Spain became 11.7% cheaper than in the rest of the continent.