Global Apparel Industry Expansion is Forecast to Reach 3.6% P.A.

Date: 2015-08-14

“The expansion of the global apparel industry is forecast to reach 3.6% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.1%. Currently, womenswear accounts for 50.0% of the global demand while the remaining market share is divided between menswear (34.5%), clothing accessories (3.9%), babies’ garments (2.8%), gloves and mittens (2.3%), headgear (2.0%), other garments (4.1%) and parts of garments and clothing accessories (0.5%).

Brazil, China, Italy, Japan and the United States represent the largest apparel markets while the strongest annual growth is forecast to occur in Tanzania (17.5%), Bangladesh (14.3%), Ethiopia (13.4%), Cambodia (13.1%) and Yemen (12.6%).”

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