The fashion industry statistics pages are a product of FashionUnited Business Intelligence. China is the largest exporter of apparel in the world, followed by India and. That's enough to fill the Sydney harbor … The three-month on three-month growth rate for volume sales begins to slow down from June 2019 and decline from November 2019 with five consecutive falls up to March 2020. Expanding fashion markets outside the West is one of the catalysts poised to accelerate growth in the fashion industry in 2019. The brand’s best selling division is footwear, accounting for 63 percent of Nike’s income. Shoes Segment. the global fashion industry remains … Bitcoin Cash USD On Bearish Momentum: 4.17% Down In The Last... PS Business Parks, Inc. And 4 Other Stocks Have Very High... BBQ Holdings, Inc. And 6 Other Stocks Have High Sales... Bitcoin Cash USD On Bullish Momentum: 12.13% Up In The Last... Bitcoin Cash USD On Bullish Momentum: 11.74% Up In The Last... FedEx Stock Went Down By Over 5% So Far Today. 8.8% in the US. Economic expansion is happening across Asia, but we expect that 2019 … Revenues, on the other hand, are projected to rise from $481.2 billion in 2018 to $712.9 billion by 2022. The largest export products among textile and clothing of the United States are: The United States are the largest importer of fashion-related products in the world. More than two-thirds of surveyed fashion executives expect North America to provide more opportunities with Europe coming in second at 30%. The remaining 10 percent comes from Converse, which is a subsidiary of Nike. Fashion industry a big source of emissions 01:14. (JEC Democratic, Bureau of Labor). On the eve of London Fashion Week, we reviewed the evidence amassed in the Environmental Audit Committee’s investigation into fast fashion. Economic expansion is happening across Asia, but we expect that 2019 … Unemployment rate: 6.9% Is Peer-To-Peer Lending Platforms Industry Ready to Disrupt Global Finance? Respectively these occupations pay an average annual wage of 52,150 and 64,830 dollars. This could be an opportunity to do better. This page provides an overview of statistics about the global apparel industry and retail markets. The Environmental Impacts. Labor force: 9.0 million What consumers need to know . 6. The average annual wage at such companies is 26,650 … Fashion Industry Statistics. The global fashion industry emits 1.7 billion tons of CO2 per year — more than the amount produced by international flights and shipping. Consider that: Making a pair of jeans produces as much greenhouse gases as driving a car more than 80 miles. Marketing and sales managers at apparel retailers have the highest average annual wage of 84,600 dollars. Back to table of contents In the United States an estimated 1.8 million people are in employed in the fashion industry, among whom 232,000 in manufacturing textiles for apparel and other fashion items. About 79 percent of all US employees in fashion work for apparel retailers. The average annual wage in this sub industry is 52,350 dollars. The immediate effects of the coronavirus outbreak and the ensuing lockdowns exacted a heavy toll on the global economy and presented the greatest challenge in a decade for the auto sector. Moreover, the currently largest fashion company globally, Nike, is American. NYSE and NASDAQ real-time news. Global Office Market to Recover in 10 Years Despite Rise in... How to Keep an Edge in the Era of Pervasive AI? As a result, over the five years to 2019, industry revenue is expected to increase at an annualized rate of 1.6% to $601.3 million. The shoe segment also continues to display a trend of dwindling revenue expansion y-o-y (year over year). Fashion represents about 2% of the global GDP, yet 75% of the market is concentrated in the US, Europe, China, Japan, and the United States. Other products that are traded in large amounts are rubber footwear and textile footwear. Markets, Analysis, Interviews, Amidst the slowdown in the retail sector, the fashion industry is projected to grow at an impressive rate, thanks to the rise in e-commerce. According to the Ellen McArthur Foundation, clothing production has approximately doubled in the last 15 years, driven by a growing middle-class population across the globe and increased per capita sales in developed economies. GDP per capita (PPP): $ 42,726, Domestic market value of fashion: $ 43.3 billion ... according to the Business of Fashion's 2019 report on The State of Fashion. In 2018, the likes of Nike, Hermes, Richemont, Kering, Pandora, Luxottica, Michael Kors, and LVMH accounted for 97% of all the value created in the industry compared to 70% as of 2010. The fashion industry is slowly becoming more diverse, here are 5 progressive milestones! The brand’s best selling division is footwear, accounting for 64 percent of Nike’s income. And some are known as the individual brands that … United Nations Alliance on Sustainable Fashion reports the fashion industry employs over 75 million people worldwide. It aims to provide the best available overview of the global fashion industry. Explore the e-commerce fashion industry statistics that are shaping changes in automation and buyer behaviors below. COVID-19: $1 Trillion Loss Could Set Global Tourism Industry Back 20... Mentors Should Adapt With New Industry-Specific Skills During Pandemic, PeerPull Bringing Coworking Experience Online Amid COVID-19, COVID-19 to Accelerate Female Entrepreneurship, Germany Voted Best Crisis Manager by Startups, Bitcoin Cash USD On Bearish Momentum: 4.17% Down In The Last 6 Hours, PS Business Parks, Inc. And 4 Other Stocks Have Very High Payout Ratio. The company operates a chain of independent stores and shops-in-shops for fashion brands such as Louis Vuitton, Fendi and Dior. Spanish fast-fashion giant Inditex - with a market value of nearly a 92 billion dollars - is the third largest fashion company worldwide. With a world population of over 7 billion, the clothing industry has a high demand. FashionUnited Business Intelligence provides apparel market data and analytics. Global Fashion Index (MGFI) forecasts that global fashion industry growth will slow further — down to 3 to 4 percent — slightly below predicted growth for 2019. Therefore it account for over 50 percent of the total world trade. Share. Also the retail sale of footwear and leather goods provides a fair amount of jobs in fashion, about 11 … Indeed, India’s ascent is one of ten trends the fashion industry should watch in 2019, highlighted in our latest State of Fashion report, written in partnership with the Business of Fashion (BoF). With a market value of 54.5 billion dollars and 2015 annual sales of 30.9 billion dollars, TJX Companies is the second largest fashion company in the United States. As the fashion industry continues to grow, the strain it puts on the environment intensifies, with even English fashion designers like Phoebe English describing it as a “monstrous disposable industry”. What’s Ahead for the Electric Vehicle Market? 1 Almost 75% of the world’s fashion market is concentrated in Europe, USA, China and Japan. In 2018, apparel accounted for 65% of the market, followed by footwear (25%) and bags and accessories (10%). Vietnam and Italy are the second and third largest exports of footwear and headwear, exporting respectively 13.6 billion dollars and 12 billion. This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. A new paradigm is taking shape in the fashion industry in response to rising globalization, changes in consumer spending patterns as well as digital innovation. The fashion industry could post growth of between 3.5% and $4.5% in 2019, according to McKinsey and company. The fashion industry is also the second-largest consumer of water worldwide. Currently, VF corporation has a market value of 27.6 billion dollars. Most jobs in fashion related industries are in the retail sale of clothing. ... Mar 2, 2019, 07:30am EST. Nike offers its products worldwide and its largest markets are the United States, 46 percent of the total revenues, and Western Europe (19 percent). image copyright Getty Images. Revenues, on the other hand, are projected to rise from $481.2 billion in 2018 to $712.9 billion by 2022. For facts and figures of the fashion industry in other countries and regions, see below. The monthly growth rate fell sharply in March 2020 at negative 5.1% as many stores ceased trading during the coronavirus pandemic. Nike offers its products worldwide and its largest markets are the United States, accounting for 46 percent of the total revenues, and Western Europe (19 percent). This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. Under Armour is currently valued at 17.8 billion dollars on the New York Stock Exchange. Another 8 percent, 143,000 people are employed in the apparel manufacturing industry where the average annual wage is 34,110 dollars. GDP per capita (PPP): $ 47,627, Domestic market value of fashion: $ 83,6 billion If each person owned just a single article of pants, a shirt, and a jacket, 21 billion pieces of clothing would have to be supplied to the global population. You have entered an incorrect email address! A smaller amount, 145,000 employees accounting for 8 percent of all employees in fashion work in apparel wholesale and merchandising. Most jobs in fashion related industries are in the retail sale of clothing. 2 Million Women Considering Leaving the Workforce in U.S. Bitcoin Cash USD On Bearish Momentum: 4.17% Down In The Last…, Litecoin On Bearish Momentum: 7.31% Down In The Last 24 Hours, PS Business Parks, Inc. And 4 Other Stocks Have Very High…, BBQ Holdings, Inc. And 6 Other Stocks Have High Sales…, Bitcoin Cash USD On Bullish Momentum: 12.13% Up In The Last…. Shut down, as a segment of ecommerce fashion, shoes display a similar pattern of revenue. Achieve another year of 3.5 % and $ 4.5 % in 2019 NYSE! A Product of FashionUnited Business Intelligence provides apparel market data and analytics valued at 3 trillion dollars, whereas displayers! Online penetration, thanks to smartphone penetration, should continue to fuel e-commerce to... 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