Global Clothing Accessory Industry Expansion is Forecast to Reach 4.8% P.A.

Date: 2015-08-14

“The expansion of the global clothing accessory industry is forecast to reach 4.8% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 7.0%. Currently, scarves, shawls, veils, mufflers and mantillas account for 47.2% of the global demand while the remaining market share is divided between belts and bandoliers (17.0%), ties and bow ties (9.5%), handkerchiefs (2.5%) and other clothing accessories (23.7%).

China, Italy, Japan, South Korea and the United States represent the largest clothing accessory markets while the strongest annual growth is forecast to occur in Tanzania (19.6%), Bangladesh (18.7%), Cambodia (15.1%), Ethiopia (14.9%) and Kyrgyzstan (11.2%).”

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