World Style Business Statistics

Normal knowledge

Inhabitants: 7.84 billion (in 2021)

Supply: World Financial institution Open Knowledge, July 2022

Labor pressure: 3.45 billion (in 2021)

Supply: World Financial institution Open Knowledge, 2022

Unemployment charge: 5.9% *2022 international estimate.

Supply: Worldwide Labour Group (Ilostat)

GDP per capita (PPP): 16,300 US {dollars} 12,262.9 US$ (in 2021).

Supply: World Financial institution Open Knowledge, July 2022

America and China: largest economies and the biggest attire retail markets on the planet

The ten largest economies on the planet as measured by nominal GDP are the USA , China, Japan, Germany, United Kingdom, India, France, Italy, Canada and South Korea.

The US accounts for twenty-four.67% of the whole international financial system, China has a share of 17.39%, Japan a share of 5.97%, Germany a share of 4.54% and the UK makes up 3.26%.

Supply: Investopedia article, primarily based on The World Financial institution knowledge GDP 2020. Final up to date in June, 2022 .

The most important retail markets on the planet are China, the US, the UK, Germany and Japan (extra about that within the subsequent paragraph ‘The World Attire Market).

In 2021. Supply: Euromonitor Worldwide, a market analysis supplier

China and the US additionally play a major position in worldwide commerce. China is the biggest exporter worldwide of clothes and the US is second largest importer (extra about that within the paragraph ‘Commerce Textiles & Clothes Worldwide: Export & Import’).

Supply: Statista, March 2022 & World Commerce Statistical Evaluation 2021 Report, from the World Commerce Group (WTO)

The World Attire Market

Style is among the largest industries on the planet

“Style is among the world’s most necessary industries, driving a major a part of the worldwide financial system. It is among the key value-creating industries for the world financial system. If it had been ranked alongside particular person international locations’ GDP the worldwide vogue trade would symbolize the seventh-largest financial system on the planet,’’ acknowledged McKinsey in its State of Style 2017 report.

Supply: McKinsey State of Style 2017 report, McKinsey & BoF, in 2016.

Income: $1.7 trillion greenback trade (2021)

Earlier than the Covid-19 pandemic, the style trade international income was estimated between $1.7 trillion and $2.5 trillion based on two totally different analysis stories by Euromonitor and McKinsey.

Supply: Euromonitor Worldwide, a market analysis supplier & McKinsey report ‘State of Style 2022: An uneven restoration and new frontiers’. Supply: McKinsey evaluation 2019

The Covid-19 pandemic has affected the style trade

In accordance with Euromonitor the worldwide attire and footwear market measurement shrunk in 2020 by -18.1% (to $1.45 trillion), whereas McKinsey states that the style and attire trade suffered a 20% decline in revenues for the 2019-2020 fiscal 12 months.

Supply: Euromonitor, June 2021 & McKinsey report State of Style 2022: An uneven restoration and new frontier, December 2021

Submit-Covid-19 Retail: Revenge Purchasing

After lockdown restrictions had been lifted in lots of components of the world, customers headed again to the shops. With that the style trade returned to pre-pandemic ranges.

In accordance with Euromonitor, the worldwide attire and footwear trade grew by 18.1% at present costs in 2020-2021, to $1.71 billion {dollars} in market measurement (retail worth USD million) in 2021.

The world’s attire retail market is anticipated to take pleasure in a 7.5% progress in 2021-2022 to $1.84 billion {dollars} in 2022 and a 6.1% progress in 2022-2023 to $1.95 billion {dollars} in 2023.

Supply: [Euromonitor International, a market research provider](https://fashionunited.com/corporations/euromonitor-international)

Worldwide Attire & Footwear Market Measurement

*Retail Worth RSP USD million

2019 2020 2021 2022 forecast 2023 forecast 1,773,406.9 1,453,277.5 1,716,952.2 1,846,222.0 1,959,592.1

Supply: [Euromonitor International, a market research provider](https://fashionunited.com/corporations/euromonitor-international)

Worldwide Attire & Footwear Market Measurement

*12 months on 12 months progress (%)

2019-2020 2020-2021 2021-2022 forecast 2022-2023 forecast -18.1% 18.1% 7.5% 6.1%

Supply: [Euromonitor International, a market research provider](https://fashionunited.com/corporations/euromonitor-international)

Largest Attire and Footwear Markets Worldwide (2021)

America and China account for almost all of the worldwide attire demand. You discover the 5 markets with the very best market measurement in 2021 in USD million under.

China 427,153.9 USA 364,136.6 United Kingdom 70,734.8 Germany 69,957.3 Japan 65,764.0

Supply: [Euromonitor International, a market research provider](https://fashionunited.com/corporations/euromonitor-international)

Key Attire Markets

Income generated from the ladies’s attire market is way larger than that of males’s or kids’s attire. In 2018, womenswear made up greater than half (53%) of world vogue retail spending. Spending on menswear accounted for 31% and childrenswear for 16%.

States Frequent Goal in article in 2018, primarily based on knowledge from Market analysis supplier, Euromonitor Worldwide.

Commerce Textiles & Clothes Worldwide: Export & Import

World merchandise exports of manufactured items had been affected by the Covid-19 pandemic in 2020: the annual proportion change was -5.2% in complete. Clothes noticed a -9.1% decline in 2020, whereas textiles noticed a robust enhance of +16%, because of the demand for protecting private gear.

*WTO estimates. Supply: World Commerce Statistical Evaluation 2021 Report, from the World Commerce Group (WTO)

China is the biggest exporter of textiles and clothes worldwide and the EU is the biggest importer of those items

Extra detailed data within the desk under.

Prime 10 exporters and importers of TEXTILES, 2020 Worth 2020 billion {dollars} Share in world exports/imports 2020 Annual proportion change 2020 Exporters China (1) 154 43.5 29 European Union 64 18.1 -3 India 15 4.2 -12 Turkey 12 3.3 -1 United States of America 11 3.2 -15 Vietnam 10 2.8 11 Korea, Republic of 8 2.2 -15 Pakistan 7 2.0 -8 Chinese language Taipei 7 2.0 -17 Japan 6 1.6 -14 Importers European Union 87 24.3 29 United States of America 45 12.6 44 Vietnam 16 4.4 -8 China 14 3.9 -10 Japan 12 3.3 34 United Kingdom 11 3.0 52 Bangladesh 9 2.5 -17 Canada 6 1.8 41 Korea, Republic of 6 1.6 9 Indonesia 5 1.5 -21 Prime 10 exporters and importers of CLOTHING, 2020 Worth 2020 billion {dollars} Share in world exports/imports 2020 Annual proportion change 2020 Exporters China (1) 142 31.6 -7 European Union 125 27.9 -8 Vietnam 29 6.4 -7 Bangladesh 28 6.3 -15 Turkey 15 3.4 -6 India 13 2.9 -24 Malaysia 10 2.2 73 United Kingdom 8 1.9 -7 Hong Kong, China 8 … -33 Indonesia 8 1.7 -12 Importers European Union 168 34.1 -7 United States of America 86 16.8 -14 Japan 82 5.3 -12 United Kingdom 26 5.3 -1 Canada 10 2.1 -6 Korea, Republic of 10 2.0 -12 China 9 1.9 6 Switzerland 8 1.6 4 Hong Kong, China 8 … -31 Russian Federation 8 1.6 -5

Supply: World Commerce Statistical Evaluation 2021 Report, from the World Commerce Group (WTO)

Style Firms

To cater to the big, 3,000 billion, textile and garment trade new corporations are coming into the market day-after-day. Most of those corporations stay reasonably unknown to the buyer viewers, higher identified are the person manufacturers which can be a part of these international vogue corporations.

Main clothes corporations worldwide by market capitalization (2022)

In March 2022, The LVMH Group was by far the clothes firm with the very best market capitalization, at roughly $367 billion {dollars}. This was over 150 billion {dollars} greater than Nike, the corporate in second place, with a market cap of $216 billion {dollars}. Dior got here in third with a market cap of $124 billion {dollars}, adopted by Inditex with a market cap of $81 billion {dollars}, TJX Firms with a market cap of $79 billion {dollars}, Quick Retailing with a market cap of $55 billion {dollars}, Adidas with a market cap of $45 billion {dollars}, Lululemon Athletica with a market cap of $41 billion {dollars}, Ross Shops with a market cap of $32 billion {dollars} and H&M closes the highest ten with a market cap of $27 billion {dollars}.

Supply: Statista, Clothes corporations with the best market capitalization worldwide as of March 2022, March 2022

Main clothes corporations with the very best model worth (2021)

Sportswear large Nike claimed the title of the world’s “most dear” attire model for the seventh 12 months in 2021. Nike maintains a substantial lead over Gucci in second place, which has a model worth of 15.6 billion {dollars}, down 12 % from 2020. Its noteworthy that the whole worth of the world’s high 50 most dear attire manufacturers has declined by 8% because the sector negotiates fallout from Covid-19 pandemic.

Model Model worth US$ % Nike 30.4 billion -12,5% Gucci 15.6 billion -11,5% Louis Vuitton 14.8 billion -9.8% Adidas 14.3 billion -13% Chanel 13,2 billion -3.4% Zara 13,1 billion -9.8% Uniqlo 13,0 billion +1,5% H&M 12,3 billion -10.8% Cartier 12,0 billion -19.5% Hermes 11,6 billion -2.1%

Coach is the sector’s quickest falling model, model worth down 31 %. Rolex is world’s strongest attire model.

Supply: [the Brand Finance Apparel 50 2021 report, April 2021.](https://brandfinance.com/press-releases/nike-does-it-again-claiming-title-of-worlds-most-valuable-apparel-brand-for-Seventh-consecutive-year)

The World’s Most Helpful Manufacturers (2020)

Louis Vuitton is ranked the most effective performing vogue model on place 9 of all manufacturers (not solely vogue) worldwide with a model worth of $47.2 billion {dollars}. Nike comes second, quantity 13 worldwide, with a model worth of $39.1 billion. Different vogue manufacturers/corporations within the Prime 50 of precious manufacturers are Gucci on place 31 with a model worth of $22.6 billion, Hermès at quantity 32 with a model worth of $21.6 billion, and Zara on place 41 with a model worth of $14.7 billion. On place 51 you discover Adidas with a model worth of $12.9 billion, adopted by Chanel on 52 with a model worth of $12.8 billion. H&M is on place 76 with a model worth of $10.4 billion and Uniqlo on 84 with a model worth of $9.2 billion.

Supply: Forbes’ 2020 listing of the World’s Most Helpful Manufacturers—which seems to be on the high 100 corporations from fiscal 12 months 2019

Style’s hottest manufacturers (Q1 2022): Gucci & Balenciaga

Spanish luxurious vogue home Balenciaga has retained its spot as the most popular model on the planet within the first quarter of 2022 based on the newest Lyst Index. One other steady identify was that of Italian luxurious model Gucci, which was once more in second place within the first quarter of the 12 months. French label Louis Vuitton moved up one spot to 3rd place. On this similar quarter the model offered its ultimate present by late menswear vogue director Virgil Abloh. The 17 hottest manufacturers within the high 20 had been Prada, Valentino, Dior, Moncler, Bottega Veneta, Fendi, Miu Miu, Off White, Burberry, Loewe, Versace, Diesel, Rick Owens, Adidas, Saint Laurent, Nike, and Alexander McQueen.

Supply: [Lyst Index](https://fashionunited.com/information/vogue/lyst-index-balenciaga-retains-title-of-fashion-s-hottest-brand/2022042947338)

Labor Power

The clothes, textile and footwear industries collectively are extremely labour-intensive.

Completely different sources identify varied numbers when estimating the quantity of those that work within the garment trade. In accordance with the Worldwide Labour Organisation, there are greater than 60 million employees across the globe within the textiles, clothes, leather-based and footwear industries. This means that this quantity is proscribed to those that work in textile and attire manufacturing.The Ellen MacArthur Basis states that globally, the clothes trade employs greater than 300 million individuals alongside the worth chain, which could be understood to additionally embody those that work in design, distribution and retail divisions of the style trade.

Supply: Ellen MacArthur Basis & Worldwide Labour Organisation, 2019

In Europe, there are 1.3 million individuals employed within the textile and clothes trade at 143,000 corporations. 537,482 individuals work in textiles and 760,637 in clothes.

*2021 estimates. Supply: Report Information & Key figures 2022 of the European Textile and Clothes Business by Euratex, June 2022.

World attire manufacturing & consumption

Manufacturing

The worldwide vogue trade produces greater than 100 to 150 billion objects of clothes per 12 months.

Sources: greater than 100 billion based on McKinsey & the Ellen MacArthur Basis. The World Financial Discussion board & ShareCloth state that 150 billion clothes are produced in a 12 months.

The variety of clothes produced yearly has doubled since 2000 and exceeded 100 billion for the primary time in 2014.

Supply: McKinsey, article ‘Model that is sutainable: A brand new fast-fashion method, October 2016.

World attire consumption: What number of new garments are purchased annually?

Clothes consumption has grown explosively over the previous 20 years. Style customers purchase over 80 billion new items of clothes yearly. That is over 400% greater than what we consumed simply 20 years in the past.

Supply: web site True Price, a documentary movie exploring the impression of vogue on individuals and the planet that was launched in 2015.

In 2016 roughly 107 billion models of attire and 14.5 billion pairs of sneakers had been bought worldwide. That quantities to each single particular person on the planet shopping for roughly 13 clothes and a couple of pairs of sneakers yearly.

In an article from Frequent Goal CO Knowledge ‘Quantity and Consumption: How A lot Does The World Purchase?’, Could 2018. Primarily based on knowledge from Euromonitor Worldwide

If that looks like loads, then remember the fact that this quantity additionally consists of thousands and thousands of individuals in excessive poverty who battle to make ends meet, not to mention purchase any new garments. You then begin to realise that in actuality a much smaller quantity of individuals are really shopping for a lot, rather more.

In 2021, individuals consumed 16.7 models of attire & footwear on common worldwide, spending $220,7 {dollars} on common.

Worldwide consumption Attire & Footwear

2019 2020 2021 2022 forecast 2023 forecast Items per capita (retail quantity) 17.2 15.4 16.7 17.2 17.6 Whole spend per capita (retail worth per capita in USD) 232.7 186.6 220.7 235.2 247.4

Supply: [Euromonitor International, a market research provider](https://fashionunited.com/corporations/euromonitor-international)

Which international locations eat probably the most?

Variety of attire models bought per nation in 2017: China (40 billion models), the US (17 billion), India (6 billion), Japan (3.3 billion), Brazil (2.3 billion), Germany (2.2 billion), UK (2.1 billion), Russia (2 billion), France (1.5 billion) and Italy (1.3 billion). The remainder of the world consumed 26 billion models in 2017.

Supply: Frequent Goal CO Knowledge within the article ‘Quantity and Consumption: How A lot Does The World Purchase?’, Could 2018. Primarily based on knowledge: ‘Variety of attire models bought per nation, 2017 from Market Analysis Supplier, Euromonitor Worldwide.

(You discover the 5 markets with the very best market measurement in 2021 in USD million within the second paragraph ‘The World Attire Market’)

Attire client buying habits throughout the globe

Which nation spends probably the most on garments? What number of new objects are bought per particular person? What’s the common worth per merchandise?

Nation Worth spent per particular person Objects bought per particular person Common worth per merchandise USA $844 53 $16.04 UK $889 33 $27.33 Brazil $117 11 $10.49 Norway $1150 12 $28.26 Egypt $27 2 $12.63 India $34 5 $7.01 China $198 30 $6.73 Vietnam $24 2 $9.81 Japan $547 26 $20.99

In an article from Frequent Goal CO Knowledge ‘Quantity and Consumption: How A lot Does The World Purchase?’, Could 2018. Primarily based on knowledge ‘Variety of attire models bought per nation, 2017 from Market Analysis Supplier, Euromonitor Worldwide

Estimated Client Spending on the planet

Worldwide client spending on clothes and footwear quantities to an estimated $2,032,403.47 million {dollars} 2021. By 2025, that might quantity to an estimated $2,571,939.42 million {dollars}.

Supply: Statista, July 2021.

Common Expenditure on Clothes and Footwear

US households spent 3.5% of their annual expenditures on attire, footwear and associated merchandise in 2010 which quantities to $1700 greenback on common.

Supply: Client Expenditure Survey, US Bureau of Labor Statistics, printed in 2012.

In 2020 Europeans spent 4.1% of their complete family expenditure on clothes and footwear. Europeans spend on common €490 per 12 months on their garments.

Supply Eurostat & Report Information & Key figures 2022 of the European Textile and Clothes Business van Euratex, June 2022. Knowledge: EU family consumption of clothes in 2020. EUR at present costs, per capita, Eurostat

The typical wardrobe comprises roughly 148 objects

Supply: CapsuleWardrobeData.com, primarily based on an Instagram analysis in July- September 2020 with 86 respondents from world wide.

But, regardless of proudly owning giant portions of vogue objects, individuals don’t put on no less than 50 % of their wardrobes.

Supply: A examine with 18,000 heads of households in 20 international locations, performed by relocation and removals firm Movinga, 2018

How a lot are individuals keen to pay for vogue?

What US ladies need to pay for his or her clothes Costs in US {dollars} ($)

Mass market Premium market Luxe market Trench Coat 80-90 275-300 900-1000 Basic White shirt 30-40 75-100 300-400 Skinny Denims 70-80 175-200 100-200 Ankle boots 40-50 225-250 400-500 Midi gown 40-50 2250-250 300-400 Yoga Pants 40-50 75-100 75-100

Supply: Retail market intelligence platform Edited, 2017.

E-commerce

Normal

On-line procuring has been rising for years. Individuals purchase increasingly more by way of the web.

Income

In 2020 e-commerce gross sales globally jumped to $4.2 trillion and the worldwide development continued in 2021, inflicting on-line gross sales to culminate in an estimated 2.14 billion web shoppers worldwide, and $4.9 trillion in income.

World ecommerce gross sales are anticipated to achieve a complete $5.5 trillion worldwide in 2022. It’s forecasted that the worldwide on-line retail gross sales will exceed $7 trillion {dollars} by 2025.

Supply: Shopify, April 2022 & Manaferra.com Ecommerce Knowledge 2022.

On-line gross sales: 19.6% piece of the retail pie

In 2021, e-commerce accounted for practically 20 % of retail gross sales worldwide. Forecasted is that in 2022 that share will likely be 21%, and in 2025 the net phase will make up near 25% of complete international retail gross sales.

Sources: Manaferra.com Ecommerce Knowledge 2022 & Statista 2022 Could 2022.

World Ecommerce Gross sales: Largest Contributors

Nations with the very best e-commerce income are China, US, Japan, the UK and Germany.

Supply: Manferra Ecommerce Knowledge 2022 & Shopify, April 2022.

E-commerce in Style

Style E-commerce Section with probably the most customers: Attire

‘Clothes’ was high on-line phase for international customers in 2021 for on-line, each regionally and cross-border. The net attire market grew fas ter 12 months on 12 months in 2020 amid the Covid-19 pandemic in comparison with the years earlier than.

Supply: World Clothes B2C E-Commerce Market report 2021, by Analysis and Markets, December 2021.

Income World Style E-commerce Market: $668 billion in 2021

The World Style E-Commerce Market is valued at $668.1 billion {dollars} in 2021.

Sources; Supply: Style E-commerce World Market Report 2022, Analysis and Markets, Could 2022 &.,Statista, Could 2022.

The equipment phase of the worldwide e-commerce vogue market generated a income round $261.5 billion {dollars} in 2021. The footwear market had a income of round $122 billion {dollars} in 2021.

Supply: Statista, April 2022.

The e-commerce vogue trade is anticipated to develop to $744.4 billion {dollars} in 2022.

Supply: Style E-commerce World Market Report 2022, Analysis and Markets, Could 2022.

Statista estimates that the net clothes and attire trade will attain a worth of 1.2 trillion U.S. {dollars} by 2025, Analysis and Markets expects the e-commerce vogue trade will develop to $1.1 trillion {dollars} in 2026.

Sources; Supply: Style E-commerce World Market Report 2022, Analysis and Markets, Could 2022 &.,Statista, Could 2022.

The highest visited web sites for buying attire on-line

In 2021, the top-visited web sites for buying attire on-line had been reportedly Amazon and Shein. Asos additionally topped the recognition chart within the UK, whereas Goal carefully adopted Amazon within the US. In Germany, online-only retailers Zalando and Zooplus had been among the many most used.

Supply: World Clothes B2C E-Commerce Market report 2021, by Analysis and Markets, December 2021

On-line and offline share of complete vogue retail gross sales worldwide

Of total vogue retail gross sales worldwide, practically 21 % are on-line purchases.

Supply: Statista, April 2022.

Most procuring is finished in-store

There aren’t any international figures, however within the US 75 % of all vogue purchases had been pre-Covid-19 made in bodily shops.

Supply: 2018 examine consulting agency Oliver Wymann, primarily based on interviews with 1500 throughout the US.

In 2014, the worldwide on-line vogue retail gross sales had been $253 billion {dollars}, 14% of complete vogue gross sales.

Supply: Forrester, “Forrester Analytics: On-line Style Retail Forecast, 2017 To 2022 (World)”, November 2018.

Final replace: July 2022.

Beneath you discover Nation details and figures from 2018.

Nation details and figures

What number of items of clothes are offered world vast? How many individuals work within the worldwide vogue trade? What’s the complete gross sales of clothes on the planet? That is the FashionUnited web page with Information and Figures concerning the international and US vogue trade. For details and figures of the style trade in different international locations and areas, see under.

The Worldwide vogue market is a number one trade well-known for key gamers, reminiscent of Inditex, LVMH, H&M, Nike, VF Company, Richemont, Adidas, Quick Retailing, Abercrombie & Fitch, Prada, Hole, Dior, City Outfitters, Burberry.

For the real-time market worth and different inventory data on these corporations, confer with the FashionUnited Prime 100.

France

Inhabitants: 66.2 millionLabor pressure: 30.05 millionUnemployment charge: 9.9%GDP per capita (PPP): $ 42,726

Home market worth of vogue: $ 43.3 billionEmployment in vogue: 340,000

Style Statistics: France

Germany

Inhabitants: 80.9 millionLabor pressure: 42.0 millionUnemployment charge: 5.3%GDP per capita (PPP): $ 47,627

Home market worth of vogue: $ 83,6 billionEmployment in vogue: 340,000

Style Statistics: Germany

The Netherlands

Inhabitants: 16.9 millionLabor pressure: 9.0 millionUnemployment charge: 6.9%GDP per capita (PPP): $ 52,139

Home market worth of vogue: $ 16.5 billionEmployment in vogue: 87,910

Style Statistics: The Netherlands

Spain

Inhabitants: 46.8 millionLabor pressure: 23.3 millionUnemployment charge: 22.7%GDP per capita (PPP): $ 29,863

Home market worth of vogue: $ 31.1 billion

Style Statistics: Spain

United Kingdom

Inhabitants: 64.5 millionLabor pressure: 33 millionUnemployment charge: 6.3%GDP per capita (PPP): $ 46,297

Home market worth of vogue: $ 94.1 billionEmployment in vogue: 555,000

Style Statistics: United Kingdom

See additionally:

• Attire trade statistics – Colombia
• Style trade details – France
• Modebranche details and figures – Germany
• Textile and attire sector statistics – Netherlands
• Clothes trade details and figures in the UK
• Attire and textiles trade details – India
• Style statistics – Spain
• Style retail trade statistics – Belgium
• Attire trade details – Canada
• Style trade details and figures – Russia
• Textile trade details and figures – Switzerland
• Garment retail details and figures – Australia
• Style trade details and figures – New Zealand
• Retail and textile trade details and figures – Mexico
• Attire details and figures – Peru
• Clothes trade details and figures – Argentina
• Style trade details and figures – Chile
• Attire trade details and figures – China
• Clothes trade details and figures – Italy
• Clothes trade details and figures – Japan
• Bangladesh Garment Business statistics – Bangladesh
• Chinese language textile and garment statistics, export champion of the world – China
• Vietnam’s garment trade is having its finest time – Vietnam
• Statistics vogue trade Indonesia – Indonesia

The style trade statistics pages are a product of FashionUnited Enterprise Intelligence. For different knowledge, such because the FashionUnited Prime 100, the FashionUnited Fb Index and the Listing of Richestest Individuals in Style, confer with the FashionUnited Prime 100.

Sources

• Import and export knowledge: OEC
• Largest corporations Information: FashionUnited high 100
• Inhabitants and Labour Knowledge: World Financial institution | www.wto.org
• Eurostat
• CIA
• ILO
• WTO
• IBISWorld
• OECD
• Comtrade (UN)
• NYCEDC
• US Census Bureau
• JEC Democratic
• Bureau of Labor