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. What’s Direction Of Global Mortgage Brokers Industry? Philippines: Revenue in the Fashion segment is projected to reach US$653m in 2020. In 2017 Nike’s revenues amounted to 34.4.6 billion dollars and a market value of nearly a 105 billion dollars. GDP per capita (PPP): $ 52,139, Domestic market value of fashion: $ 16.5 billion Also in footwear and headwear, China accounts for the largest share of all export with 71.1 billion dollars. Increasing online penetration, thanks to smartphone penetration, should continue to fuel e-commerce expected to accelerate sales growth online. Share. So whether you’re writing a report on the global fashion industry, completing a fashion-related assignment for school or just interested to learn more about fast fashion, here are 69 facts and statistics about fast fashion that will shock you… and hopefully inspire you towards ethical shopping and sustainable fashion consumption. (JEC Democratic, Bureau of Labor) Average annual wages in fashion range from 26,440 dollars, for textile bleaching and dyeing machine operators, to 84,600 dollars for marketing and sales managers in fashion. ; Discarded clothing made of non-biodegradable fabrics can sit in landfills for up to 200 years. So whether you’re writing a report on the global fashion industry, completing a fashion-related assignment for school or just interested to learn more about fast fashion, here are 69 facts and statistics about fast fashion that will shock you… and hopefully inspire you towards ethical shopping and sustainable fashion consumption. However in certain occupations the average wages are a lot higher. Environmental impact of the textile and clothing industry . 1. The threat of trade wars, as well as pending Brexit, could also hurt the fashion industry. How the fashion industry must change to get out in front in 2019. United Nations Alliance on Sustainable Fashion reports the fashion industry employs over 75 million people worldwide. UK fashion and textile exports continued to perform well in 2017, continuing the upward trajectory to stand at £9.7bn. 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. 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. Revenues, on the other hand, are projected to rise from $481.2 billion in 2018 to $712.9 billion by 2022. Respectively these occupations pay an average annual wage of 52,150 and 64,830 dollars. Shoes Segment. Here is a quick peak into the fashion industry trends for 2019: Over 40 percent of all traded footwear are leather footwear. Global Support Activities for Mining Industry: Should Investors Hope for Better Returns? The State of Fashion 2019 Imran Amed As founder, editor-in-chief and CEO of The Business of Fashion, Imran Amed is one of the fashion industry’s leading writers, thinkers and commentators. EN . Domestic market value of the fashion industry: Employment in fashion-related industries: Employment in fashion-related industries (NYC only): Wages in the fashion industry (NYC only): Clothing industry facts and figures in the, Retail and textile industry facts and figures -, Chinese textile and garment statistics, export champion of the world -, Vietnam’s garment industry is having its best time -. The remaining 6 percent comes from Converse, which is a subsidiary of Nike. GDP per capita (PPP): $ 46,297, Domestic market value of fashion: $ 94.1 billion Prizing variety, … Indian ascent. 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). Most of these companies remain rather unknown to the consumer audience, better known are the individual brands that are part of these global fashion companies. 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. The fashion industry statistics pages are a product of FashionUnited Business Intelligence. Additional statistics on international trade, production, retail markets and industry structure are available at request via Matthijs Crietee.This service is free for IAF members. Maintenance and industrial machinery is paid around the average of this sub industry with annual wages of 36,610 dollars. The average annual wage in this sub industry is 52,350 dollars. 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”. than any other country in Europe.1 The fashion industry was worth £32 billion to the UK economy in 2017.2 This was an increase of 5.4% on 2016; a growth rate 1.6% higher than the rest of the economy.3 The industry employs 890,000 people in the UK in retail, With the market share is 4 percent, the global apparel market is valued at 3 trillion dollars, 3,000 billion. Moreover, the currently largest fashion company globally, Nike, is American. In 2015 VF’s annual revenue rose to 12.4 billion dollars with most of its revenues coming from the Outdoors and Action Sports division. Inditex owns brands like Zara, Pull&Bear and Stradivarius. Average annual wages in fashion range from 26,440 dollars, for textile bleaching and dyeing machine operators, to 84,600 dollars for marketing and sales managers in fashion. Most jobs in fashion related industries are in the retail sale of clothing. The increasing demand for automation, however, has seen interest in robots grow exponentially. The State of Fashion 2019 Imran Amed As founder, editor-in-chief and CEO of The Business of Fashion, Imran Amed is one of the fashion industry’s leading writers, thinkers and commentators. The 20-year-old brand managed annual revenues of 4.0 billion dollars in 2015, with 3.45 billion dollar in North America alone. Graphic designers, for instance, receive wages around 48,320 dollars, whereas merchandise displayers and window trimmer receives 35,680. Other jobs in the high compensation range are in fabric and apparel pattern making and market research and marketing. If demographic and lifestyle patterns continue as they are now, global consumption of apparel will rise from 62 million metric tons in 2019 to 102 million tons in 10 years. How many pieces of clothing are sold world wide? NYSE and NASDAQ real-time news. Consider that: Making a pair of jeans produces as much greenhouse gases as driving a car more than 80 miles. Amongst all... Robotics, as a discipline has been around for a long time. Despite this improvement, the fash-ion industry is still far from sustainable. This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. Apparel production is also resource- and emissions-intensive. The wages for tailors, dressmakers and sewers are also in the low range with 27,510 dollars, on average. Population: 66.2 million The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent of the world’s Gross Domestic Product (GDP). In total, up to 85% of textiles go into landfills each year. In 2019, Fashion Revolution became bigger and louder than ever before, more people asked #whomademyclothes, more people within the supply chain answered #imadeyourclothes and a new wave of brands took a step towards becoming more transparent. From double digits in 2017-2019 — 13.6% and 10.8% respectively — footwear is … LVMH, Louis Vuitton Moët Hennessy, a French luxury conglomerate is currently the largest fashion company worldwide. GlobalData Fashion Retailer Survey: 50 U.S. fashion (apparel, accessories, footwear) retailers were surveyed from December 12, 2019 to January 6, 2020 about their Circular Fashion goals. 14.1% in China. L Brands is the parent company of Victoria’s Secret and has most of its sales of 12.15 billion dollars, a near 93 percent, domestically. About sharing. Since the first quarter of 2015, the global House Price Index has been on the rise, according to figures by Deloitte. Emerging markets are set to overtake the west in USD 2.5 trillion fashion industry, where nearly 50 per cent of apparel sales will originate from continents out … ” Researchers further broke people in the fashion industry into two groups: The “insiders” and “outsiders.” 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. About 79 percent of all US employees in fashion work for apparel retailers. Over the five years to 2019, the industry experienced slight revenue volatility, with revenue declining at the outset of the period before rebounding later in the period. Accountants and auditors receive an average annual pay of 69,960 dollar and buyers and purchasing agents get paid 56,550 dollars, on average. E-Commerce transactions are expected to make up 36% of total fashion retail by 2022 (Forrester). The fashion industry could post growth of between 3.5% and $4.5% in 2019, according to McKinsey and company. Labor force: 23.3 million About 79 percent of all US employees in fashion work for apparel retailers. The amount of clothes bought in the EU per person has increased by 40 % in just a few decades, driven by a fall in prices and the increased speed with which fashion is delivered to consumers. Unemployment rate: 6.9% This page provides an overview of statistics about the global apparel industry and retail markets. close. Other products that are traded in large amounts are rubber footwear and textile footwear. Flying has nothing on the carbon footprint of the fashion industry. The fashion industry is also the second-largest consumer of water worldwide. Bitcoin Cash USD is currently on bearish momentum. Market fragmentation with the entry of new players thanks to increased e-commerce should continue to harm brand loyalty. Another 8 percent, 143,000 people are employed in the apparel manufacturing industry where the average annual wage is 34,110 dollars. One report found that addressing environmental and social problems created by the fashion industry would provide a $192 billion overall … The UK fashion industry has seen a 22% increase in direct value increases since 2009, contributing nearly 800,000 jobs to the economy. Clothing Industry Statistics and Trends. CFDA calls on the fashion industry to embrace inclusion and diversity. FASHION INDUSTRY 2019 UPDATE The 2019 Pulse Score1 shows that the fash-ion industry has improved its social and environmental performance in the past year, but at a slower rate than the previous year. The apparel and clothing segment is expected to account for a considerable chunk of sales in the fashion industry in 2019. "Even as the … Some of the world’s largest fashion companies are based in the United States. PE 633.143 – January 2019 . Copy link. From the exploitation of skilled labor to its inability to react to and adapt to technology, these are the big issues that will face the fashion industry in 2019. 1 Almost 75% of the world’s fashion market is concentrated in Europe, USA, China and Japan. 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. The average annual wage at such companies is 26,650 dollars. SUMMARY . 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. How many people work in the international fashion industry? The report claims that “these statistics are simply not enough. A look at some key statistics on the online fashion market… Global Fashion Ecommerce Market. ... Jess Schreiber is a 2019 … 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. While McKinsey and Company are projecting strong growth in the industry in 2019, companies that respond to changes in the broader industry are the only ones that will be able to survive. The shoe segment also continues to display a trend of dwindling revenue expansion y-o-y (year over year). Shared Mobility Poised to Make a Comeback After COVID-19, Take a Selfie and Open a Bank Account in El Salvador, Future of Work: Millions Of Women Could Lose Jobs as Automation Takes Over, Here’s What You Need to Know About Global Media and Entertainment Industry. This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. 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. E-Commerce transactions are expected to make up 36% of total fashion retail by 2022 (Forrester). Almost 75% of the world’s fashion market is concentrated in Europe, USA, China and Japan. Jobs in production, planning and expediting, with average wages of 47,680, and in installation, maintenance and repair, with average annual wages of 43,430, also pay less than average within apparel wholesale merchandising. worldwide: Revenue in the Fashion segment is projected to reach US$665,629m in 2020. Most of Nike’s income, nearly 94 percent, comes from the Nike brand. Therefore it account for over 50 percent of the total world trade. China is the largest exporter of apparel in the world, followed by India and. The Spanish company is valued at 75 billion euros and its 2017 annual revenue was 25.34 billion euros. You have entered an incorrect email address! Fashion Industry Statistics. US-based athleisure- and lifestyle brand Nike is the second largest fashion company worldwide. 2019 will be a year that will reawaken the fashion industry. FashionUnited Business Intelligence provides apparel market data and analytics. Financial analyst and journalist based in India. Currently, VF corporation has a market value of 27.6 billion dollars. More than two-thirds of surveyed fashion executives expect North America to provide more opportunities with Europe coming in second at 30%. The UK’s fashion and textile manufacturing sector produces £9.1 billion of product ranging from designer creations seen at the leading catwalks to fabrics used in medical, defence and transport industries. 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