GITNUX MARKETDATA REPORT 2024

Must-Know Apparel Industry Statistics [Latest Report]

Highlights: The Most Important Apparel Industry Statistics

  • The global apparel market reached a value of $1.5 trillion in 2020.
  • The apparel industry is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2025.
  • As of 2018, China accounted for 36.6% of the world’s clothing exports.
  • The online clothing and apparel market was valued at $527.1 billion in 2019.
  • The average American spends $1,866 on clothing and related items annually.
  • Fast fashion generates 92 million tons of waste per year.
  • The fashion industry accounts for 10% of global carbon emissions.
  • Textile production consumes around 93 billion cubic meters of water annually.
  • In 2020, the performance apparel segment was valued at about $14.8 billion.
  • United States apparel market revenue amounted to $368.95 billion in 2021.
  • The global athleisure market reached a value of $414 billion in 2020.
  • More than 70% of clothing brands only source cotton from the Better Cotton Initiative.
  • Apparel and footwear industries account for 8% of global greenhouse gas emissions.
  • Over 150 billion garments are produced worldwide each year.
  • The average person buys 60% more items of clothing compared to 2000.
  • The global market for luxury fashion is projected to reach $355.4 billion by 2025.
  • The menswear market was valued at $422 billion in 2019.
  • Fashion brands produced about 100 billion items of clothing in 2015.
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The apparel industry is a major global market, with the value of the global apparel market reaching $1.5 trillion in 2020 and expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2025. China accounted for 36.6% of world clothing exports as of 2018, while online clothing and apparel sales were valued at $527 billion in 2019 alone. The average American spends around $1,866 on clothing annually, but this comes with an environmental cost – fast fashion generates 92 million tons of waste per year and accounts for 10% textile production consumes 93 billion cubic meters water each year too. Performance apparel was worth about 14.8 billion dollars in 2020; meanwhile United States’ revenue amounted to 368$95billion that same year – athleisure also saw impressive figures amounting up to 414$billion globally by then end-of-year mark.
More than 70 percent brands source cotton only from Better Cotton Initiative whereas 8 percent greenhouse gas emissions come from Apparel & Footwear industries combinedly; 20percent industrial water pollution is caused due dyeing & treatment processes involved during manufacturing process which produces over 150 Billion garments every single year – 60 Percent more compared 2000s figure. Luxury Fashion Market has been projected reach 355$Billion by 2025 where Menswear Market had already achieved 422$Billion valuation back 2019 itself when 100 Billion items produced worldwide within same period . Global consumption new clothes estimated increase 63Percent 2030 if current trends continue .

The Most Important Statistics
The global apparel market reached a value of $1.5 trillion in 2020.

This statistic is a testament to the immense size and scope of the apparel industry. It highlights the sheer magnitude of the market, and the potential for growth and success within it. It also serves as a reminder of the importance of the apparel industry in the global economy, and the need for businesses to stay abreast of the latest trends and developments in order to remain competitive.

The apparel industry is expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2025.

This statistic is a crucial indicator of the future of the apparel industry, providing insight into the potential for growth and success in the coming years. It is an essential piece of information for anyone looking to invest in the apparel industry, as it gives an indication of the potential returns that could be expected. Additionally, it is a valuable resource for those looking to stay up-to-date on the latest trends in the apparel industry, as it provides an indication of the direction the industry is heading in.

Apparel Industry Statistics Overview

As of 2018, China accounted for 36.6% of the world’s clothing exports.

This statistic is a testament to the sheer size and influence of the Chinese apparel industry. It highlights the fact that China is a major player in the global apparel market, and that its exports are a major source of revenue for the industry. This statistic is important to consider when discussing the apparel industry, as it provides insight into the current state of the industry and the potential for growth.

The online clothing and apparel market was valued at $527.1 billion in 2019.

This statistic is a testament to the immense size and scope of the apparel industry. It highlights the sheer magnitude of the market and the potential for growth within it. It also serves as a reminder of the importance of the apparel industry in the global economy, and the need for businesses to stay up-to-date with the latest trends and developments in the industry.

The average American spends $1,866 on clothing and related items annually.

This statistic is a telling indication of the importance of the apparel industry in the lives of Americans. It shows that clothing and related items are a significant part of the average American’s budget, and that the apparel industry is a major contributor to the economy. This statistic is a powerful reminder of the impact the apparel industry has on the lives of everyday Americans.

Fast fashion generates 92 million tons of waste per year.

This statistic is a stark reminder of the immense environmental impact of the fast fashion industry. It highlights the urgent need for sustainable practices to be adopted in order to reduce the amount of waste generated by the apparel industry. It is a call to action for all stakeholders in the industry to take responsibility for their part in this global problem.

The fashion industry accounts for 10% of global carbon emissions.

This statistic is a stark reminder of the immense environmental impact of the fashion industry. It highlights the need for the apparel industry to take responsibility for its carbon emissions and to take steps to reduce its environmental footprint. It is a call to action for the industry to prioritize sustainability and to make sure that its practices are in line with the global effort to combat climate change.

Textile production consumes around 93 billion cubic meters of water annually.

This statistic is a stark reminder of the immense water consumption of the apparel industry. It is a sobering reminder of the environmental impact of the industry, and the need for sustainable practices to reduce water consumption.

In 2020, the performance apparel segment was valued at about $14.8 billion.

This statistic is a testament to the immense size of the performance apparel segment in 2020. It highlights the immense potential of the apparel industry and the immense opportunities it presents for businesses and consumers alike. It also serves as a reminder of the importance of staying up-to-date with the latest trends and developments in the apparel industry in order to remain competitive.

United States apparel market revenue amounted to $368.95 billion in 2021.

This statistic is a testament to the immense size and scope of the apparel industry in the United States. It highlights the immense potential for growth and success within the industry, and serves as a reminder of the importance of staying up-to-date with the latest trends and developments in the apparel industry. It also serves as a reminder of the importance of staying competitive in the market, as the industry is constantly evolving and changing.

The global athleisure market reached a value of $414 billion in 2020.

This statistic is a testament to the immense success of the athleisure market, highlighting its immense growth and potential. It is a clear indication that the apparel industry is thriving, and that athleisure is a major player in the industry. This statistic is a great starting point for a blog post about apparel industry statistics, as it provides a snapshot of the current state of the industry and can be used to explore further trends and developments.

More than 70% of clothing brands only source cotton from the Better Cotton Initiative.

This statistic is a testament to the commitment of the apparel industry to sustainability. By sourcing cotton from the Better Cotton Initiative, clothing brands are taking a stand for environmental responsibility and ethical production. This statistic is a powerful reminder that the apparel industry is taking steps to reduce its environmental impact and ensure that its products are produced in a way that is respectful of workers and the environment.

Apparel and footwear industries account for 8% of global greenhouse gas emissions.

This statistic is a stark reminder of the immense environmental impact of the apparel and footwear industries. It highlights the urgent need for the industry to take action to reduce its emissions and become more sustainable. It is a call to action for the industry to make changes that will benefit the planet and ensure a healthier future for generations to come.

Over 150 billion garments are produced worldwide each year.

This statistic is a powerful reminder of the sheer scale of the apparel industry. It highlights the immense demand for clothing and the vast resources required to meet it. It also serves as a reminder of the environmental impact of the apparel industry, as the production of so many garments has a significant environmental cost. This statistic is an important part of understanding the apparel industry and its impact on the world.

The average person buys 60% more items of clothing compared to 2000.

This statistic is a telling indication of the growth of the apparel industry over the past two decades. It shows that the demand for clothing has increased significantly, which is a positive sign for the industry as a whole. This statistic is a testament to the success of the apparel industry in meeting the needs of consumers and providing them with the clothing they desire.

The global market for luxury fashion is projected to reach $355.4 billion by 2025.

This statistic is a testament to the immense potential of the apparel industry. It shows that the luxury fashion market is growing rapidly and is expected to reach a staggering $355.4 billion by 2025. This is a clear indication that the apparel industry is a lucrative and profitable sector, and one that is worth investing in. This statistic is a valuable insight for anyone interested in the apparel industry, and it should be taken into consideration when making decisions about the industry.

The menswear market was valued at $422 billion in 2019.

This statistic is a testament to the immense size of the menswear market, highlighting the potential for growth and success within the apparel industry. It serves as a reminder of the importance of the menswear sector and the potential for businesses to capitalize on the lucrative opportunities it presents.

Fashion brands produced about 100 billion items of clothing in 2015.

This statistic is a stark reminder of the sheer magnitude of the apparel industry. It is a testament to the sheer scale of production and consumption of clothing, and the impact this has on the environment. It is a powerful indicator of the need for sustainable practices in the industry, and the importance of reducing the amount of clothing produced and consumed.

Conclusion

The apparel industry is a rapidly growing market, with the global apparel market reaching a value of $1.5 trillion in 2020 and expected to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2025. China accounted for 36.6% of the world’s clothing exports as of 2018, while online clothing and apparel sales were valued at $527 billion in 2019 alone. The average American spends around $1,866 on clothing annually, but this comes with an environmental cost: fast fashion generates 92 million tons of waste per year and accounts for 10% textile production consumes 93 billion cubic meters water each year globally – not to mention its contribution towards carbon emissions worldwide. Performance apparel was worth about 14$8 billion in 2020; meanwhile United States’ revenue amounted to 368$95 billion that same year and athleisure reached 414$billion by then too. More than 70 percent brands source cotton only from Better Cotton Initiative whereas 8 percent greenhouse gas emission come out due to Apparel & Footwear industries combinedly . 20 % industrial water pollution also occurs due dyeing & treatment process which results 150 Billion garments produced every single year , 60 % more items compared 2000s & Global consumption new clothes will increase 63 % till 2030 . All these statistics show how much potential there is within the industry – both economically as well as environmentally – if managed responsibly going forward into 2021 onwards

References

0. – https://www.mckinsey.com

1. – https://www.statista.com

2. – https://www.bls.gov

3. – https://www.grandviewresearch.com

4. – https://www.worldstopexports.com

5. – https://www.businesswire.com

6. – https://www.nature.com

7. – https://www.unfccc.int

8. – https://www.ellenmacarthurfoundation.org

9. – https://www.bettercotton.org

10. – https://www.economist.com

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FAQs

What is the global market value of the apparel industry?

As of 2021, the global market value of the apparel industry is estimated to be around $1.5 trillion and is expected to grow in the coming years.

What are the largest exporting countries in the apparel industry?

The top exporting countries in the apparel industry are China, Bangladesh, Vietnam, India, and Turkey. China is the largest exporter, accounting for more than one-third of the total apparel exports worldwide.

How has the COVID-19 pandemic impacted the apparel industry?

The COVID-19 pandemic led to a significant decrease in demand, store closures, and supply chain disruptions in the apparel industry. Many fashion retailers faced financial challenges, leading to bankruptcy in some cases. However, e-commerce and the growth of athleisure and loungewear have provided a boost to this industry amid the pandemic.

What are the major environmental and ethical concerns associated with the apparel industry?

The major concerns include the use of toxic chemicals during production, excessive consumption of water, pollution from the manufacturing process, large amounts of waste generated, and labor exploitation in low-cost producing countries. Sustainable and ethical fashion movements have emerged in response to these issues, focusing on transparency, fair wages, and environmentally friendly practices.

What is fast fashion and how is it affecting the apparel industry?

Fast fashion is a business model that focuses on producing trendy clothing quickly and inexpensively to meet the rapidly changing consumer demands. This approach leads to an increase in waste, pollution, and unethical labor practices, negatively affecting the apparel industry and the environment. Increasing awareness about these issues has led to a growing interest in sustainable and ethical fashion alternatives.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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