GITNUX MARKETDATA REPORT 2024

Must-Know Fashion Industry Statistics [Latest Report]

Highlights: The Most Important Fashion Industry Statistics

  • Scarves and gloves saw a significant increase in online orders in 2020, with scarves increasing by 215% and gloves increasing by 151%.
  • Online orders of bathing suits and pumps decreased by 31% and 25% respectively in 2020 compared to the previous year.
  • Italian fashion exports to Switzerland and France grew significantly, while exports to the US only grew by one percent.
  • Fast fashion brands sold a total of almost 5.2 billion units in Europe in 2018/19, with Zara leading the way with 3 billion units.
  • The fashion industry was worth £26 billion in 2014, with a total contribution of £46 million.

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The fashion industry is a multi-billion dollar industry that is constantly evolving. With the rise of online shopping, the industry has seen a dramatic shift in the way it operates. As a result, it is important to stay up to date on the latest fashion industry statistics.

In this article, we will explore the latest trends and statistics in the fashion industry, including market size, consumer spending, and more. We will also discuss the implications of these trends and how they may affect the industry in the future.

Fashion Industry: The Most Important Statistics

The Italian footwear sector saw a decrease in employees from 77 thousand in 2015 to 74.37 thousand in 2019 due to companies closing down or moving abroad, and a decrease in the number of companies operating in the sector.
Online orders of bathing suits and pumps decreased by 31% and 25% respectively in 2020 compared to the previous year.
Exports of Italian apparel to France, Switzerland and the US generated a total of over 6.6 billion euros in revenue, with exports to Switzerland increasing by 21.6 percent compared to the same period of the previous year.

Fashion Industry Statistics: Statistics Overview

The number of companies and employees in the Italian footwear manufacturing sector has decreased since 2014, with 74.9 thousand individuals employed in 2019.

This statistic is significant because it provides insight into the current state of the Italian footwear manufacturing sector. It shows that the sector has been shrinking in recent years, which could have implications for the fashion industry in Italy.

This could mean that fewer new products are being produced and fewer jobs are being created, which could have a negative impact on the overall fashion industry in the country.

The Italian footwear sector saw a decrease in employees from 77 thousand in 2015 to 74.37 thousand in 2019 due to companies closing down or moving abroad, and a decrease in the number of companies operating in the sector.

This shows the impact of globalization on the fashion industry, and how companies are increasingly moving production abroad to take advantage of cheaper labor costs.

Scarves and gloves saw a significant increase in online orders in 2020, with scarves increasing by 215% and gloves increasing by 151%.

Despite the pandemic, people are still interested in buying fashion items online. This could indicate that the fashion industry is resilient and could potentially recover from the economic downturn caused by the pandemic.

Online orders of bathing suits and pumps decreased by 31% and 25% respectively in 2020 compared to the previous year.

It provides insight into consumer purchasing habits and preferences. It can help fashion retailers and designers understand which products are selling well and which ones are not, allowing them to adjust their marketing and product strategies accordingly.

Italian fashion exports to Switzerland and France grew significantly, while exports to the US only grew by one percent.

The potential for growth in different markets is shown with this statistic. It can help inform decisions about where to focus marketing efforts and resources in order to maximize growth. It also highlights the importance of understanding the different markets and their potential for growth.

Exports of Italian apparel to France, Switzerland and the US generated a total of over 6.6 billion euros in revenue, with exports to Switzerland increasing by 21.6 percent compared to the same period of the previous year.

This provides insight into the global demand for Italian apparel and the potential for growth in the sector. It also highlights the potential for increased revenue from exports to Switzerland, which could be further explored to capitalize on the growth trend.

Fast fashion brands sold a total of almost 5.2 billion units in Europe in 2018/19, with Zara leading the way with 3 billion units.

It highlights the sheer quantity of clothing and apparel items being sold by fast fashion brands, which has a significant environmental impact. This statistic serves as a reminder of the need for the fashion industry to take steps to reduce its environmental footprint.

Luxottica Group and Prada were the two most successful Italian fashion companies in 2018, with Luxottica Group having a turnover of 8.9 billion euros and Prada having a turnover of 3.1 billion euros.

It shows the relative success of Luxottica Group compared to Prada, which is indicative of the larger fashion industry. This data can be used to compare the success of different fashion companies and to identify trends in the fashion industry.

25% of surveyed fashion businesses purchased little to no products from UK-based manufacturers, while 19% sourced 90-100% of their products from UK manufacturers.

This statistic matters in the context of fashion industry statistics because it provides insight into the preferences of fashion businesses when it comes to sourcing their products. It shows that the majority of fashion businesses prefer to source their products from UK-based manufacturers, but there is still a significant portion that are sourcing from other countries.

This information can be used to inform decisions about where to source products and how to best support UK-based manufacturers.

The fashion industry was worth £26 billion in 2014, with a total contribution of £46 million.

This shows the immense economic value of the fashion industry. It demonstrates the industry’s ability to generate wealth and create jobs, and highlights its importance to the global economy.

Conclusion

The fashion industry is a multi-billion dollar industry that is constantly changing and evolving. The industry is highly competitive and requires businesses to stay up-to-date with the latest trends and statistics.

By understanding the current trends and statistics, businesses can make informed decisions about their strategies and marketing efforts.

The fashion industry is an ever-changing and dynamic industry, and it is important for businesses to stay informed of the latest trends and statistics in order to remain competitive.

References

1 – https://www.statista.com/statistics/600435/number-of-companies-in-the-footwear-industry-in-italy/

2 – https://www.statista.com/statistics/647226/number-of-employees-in-the-footwear-industry-in-italy/

3 – https://www.statista.com/statistics/1220445/hungary-fashion-items-registering-increase-in-online-orders/

4 – https://www.statista.com/statistics/1220479/hungary-fashion-items-registering-decrease-in-online-orders/

5 – https://www.statista.com/statistics/754585/percentage-change-in-fashion-export-value-in-italy-by-country/

6 – https://www.statista.com/statistics/754607/fashion-export-value-in-italy-by-country/

7 – https://www.statista.com/statistics/1094257/european-fast-fashion-brands-ranked-by-units-sold/

8 – https://www.statista.com/statistics/593347/leading-italian-fashion-brands-by-revenue/

9 – https://www.statista.com/statistics/294273/fashion-designer-purchases-united-kingdom-uk-manufacturers/

10 – https://www.statista.com/statistics/292019/value-of-fashion-industry-to-uk-economy/

FAQs

What is the fashion industry?

The fashion industry is an ever-evolving sector that designs, manufactures, markets, and sells clothing, footwear, accessories, and lifestyle products.

What are the main components of the fashion industry?

The main components of the fashion industry include designers, manufacturers, retailers, marketers, and consumers.

What are the career opportunities in the fashion industry?

Career opportunities in the fashion industry include fashion designers, merchandisers, product developers, buyers, visual merchandisers, photographers, and stylists.

What are the main trends in the fashion industry?

The main trends in the fashion industry include sustainability, digitalization, customization, and collaboration.

What are the challenges faced by the fashion industry?

The challenges faced by the fashion industry include fast-changing trends, counterfeiting, and sustainability.

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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