The fashion industry in America has changed dramatically over the past century. Roughly 20 pieces of clothing per person are manufactured each year. Worth easily attracted the attention of the ladies of the French court and then the Empress Eugénie herself, by wearing Worth's creations. In 1931, the Garment District in New York was home to the highest concentration of apparel manufacturers in the world. Fashion industry, multibillion-dollar global enterprise devoted to the business of making and selling clothes.Some observers distinguish between the fashion industry (which makes “high fashion”) and the apparel industry (which makes ordinary clothes or “mass fashion”), but by the 1970s the boundaries between them had blurred. 6. Over the past two decades, U.S. In 2013, the Clothing, Textiles, Footwear and Leather (CTFL) industry accounted for about 14% of manufacturing employment and represented South Africa’s second largest source of tax revenue. These visuals illustrate why the apparel industry must embrace a new approach to sustainably meet demand in tomorrow’s markets. Taken with promoting French industries, including the once-dying silk industry of Lyon, the empress thrived on lavish gatherings and equally lavish dress at these events. Domestic market value of the fashion industry: 28.5 billion Australian dollars Annual retail sales of fashion: 21 billion Australian dollars Employment in textile, clothing, leather and … Another 8 percent, 43,000 employers, work in the wholesale of clothing and footwear. NEW YORK, July 5, 2017 /PRNewswire/ -- The UK Clothing Market 2017-2022 Summary UK clothing market will grow by 16.6% over the next five years to £51.2bn. 1. The global textile and garment industry (including textile, clothing, footwear and luxury fashion) is currently worth nearly $3,000 trillion. Also the retail sale of footwear and leather goods provides a fair amount of jobs in fashion, about 11 percent, 59,000, employers work within this sector. Many of these jobs have since moved offshore. Growth of the multi-trillion-dollar apparel industry has been fed by “fast fashion,” which makes clothing cheaply and quickly with a low price-tag. With a world population of over 7 billion, the clothing industry has a high demand.
Europe is home to some of the most lucrative markets for apparel and clothing worldwide. 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. Worth easily attracted the attention of the ladies of the French court and then the Empress Eugénie herself, by wearing Worth's creations. Exports of textiles, clothing, and ready-made garments (RMG) accounted for 77% of Bangladesh's total merchandise exports in 2002. This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. The U.S. smart clothing market is anticipated to grow substantially due to the increased spending by various sports clubs to enhance the efficiency level of the players followed by injury detection. Kuddus Kolawole, Lagos State Coordinator of the Fashion Designers Association of Nigeria (FADAN), says the nation’s fashion industry is worth about 10 billion dollars (About N1.55 trillion) and should attract investors “because it is juicy”. 2. Textiles and clothing is a diverse sector that plays an important role in the European manufacturing industry, employing 1.7 million people and producing a turnover of €166 billion.The sector has undergone radical change recently to maintain its competitiveness by moving towards high value-added products. Taken with promoting French industries, including the once-dying silk industry of Lyon, the empress thrived on lavish gatherings and equally lavish dress at these events. RMGs are the finished textile product from clothing factories and the Bangladeshi RMG Sector is one of the fastest growing sectors in the Bangladeshi economy, with a growth rate of 55% from 2002 to 2012. Clothing Industry Statistics and Trends. The industry facilitates an estimated 60 to 80 000 jobs (down from 120 000 jobs) and contributes around 8% to the country’s GDP. Browse key industry insights spread across 180 pages with 197 market data tables & 10 figures & charts from this 2017 report Smart Clothing Market.