1. The global textile and garment industry (including textile, clothing, footwear and luxury fashion) is currently worth nearly $3,000 trillion.
2. The world childrenswear market is expected to reach beyond $186 billion in 2014, marking a 15 percent increase in five years.
3. The world bridalwear market is expected to reach almost $57 billion by 2015.
4. The world menswear industry should exceed $402 billion in 2014.
5. The world womenswear industry is expected to pass $621 billion in 2014.
6. The world market for textiles made from organically grown cotton was worth over $5 billion in 2010.
7. The US is the largest importer of garments in the world.
8. Nearly 40% of apparel products sold in the US are imported from China.
9. American households spent nearly $2,000 on apparel, footwear, and related products and services very year.
10. People who live in Manhattan spend the most on clothing at $362 per person per month.
11. Fashion week in New York City funnels approximately $20 million into the country’s economy.
12. Total UK household consumption on clothing and footwear is $66 billion per year.
13. Consumers in the United Kingdom have an estimated $46.7 billion worth of unworn clothes in their closets.
14. China’s Textile Industry is the largest producer of cotton shirts worldwide, creating an output of 60 million garments a year.
15. China oversees nearly 4,700 acres of cotton farms which produces 90 million yards of high-quality cotton fabric yearly.
16. China’s textile production accounts for nearly 54% of the world’s total production.
17. Textile industry is one of the top 3 water wasting industry in China, discharging over 2.5 billion tons of wastewater every year.
18. Apparel manufacturing industry in the US has declined by more than 80% over the past two decades.
19. Germany has the highest hourly compensation costs within the apparel manufacturing industry.
20. While the Philippines, with compensation costs at 88 cents per hour, had the lowest among those countries studied.
21. Italy, Germany and the UK remain Europe’s largest fashion markets in terms of consumption. Average spending on Fashion in the EU is about $782 per year per capita.
22. The direct value of the UK fashion industry to the UK economy is £26 billion – one of the biggest in the world; up from £21 billion in 2009. Showing an increase of 22% in nominal terms.
23. The UK fashion industry is estimated to support 797,000 jobs. This is a decrease of 2.3% from 2009
24. Indian textile industry is second largest after China, in terms of spindle age, and has share of 23% of the world’s spindle capacity.
25. Textile exports in India reached $50 Billion Mark in 2014.
26. In Turkey, textiles and apparel sector is the biggest contributor to the country’s economy, representing over 10% of the country’s gross GDP every year.
27. Portugal’s leather shoe exports have increased nearly 300 percent in the last 20 years, including a 213 percent increase from 2006 to 2013
28. Vietnam is 5th largest textile exporter in the world, now Vietnam’s textile and garment industry is aiming at total exports of $28.5 billion in 2015
29. The global fashion apparel industry has surpassed the market size of US$1 trillion since 2013, now it represents nearly 2% of the world GDP, and almost 75% of world’s fashion market is concentrated in Europe, USA, China and Japan.
30. Louis Vuitton is so far the word’s most valuable fashion brands worth nearly $23 billion
By Business Vibes