GITNUX MARKETDATA REPORT 2024

Must-Know Fashion Statistics [Recent Analysis]

Statistic 1

"The global apparel market was valued at 1.3 trillion U.S. dollars in 2015."

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Statistic 2

"The fashion industry in the United States was predicted to increase from nearly 325 billion U.S. dollars in 2017 to 390 billion dollars in 2025."

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Statistic 3

"The total retail value of the apparel and footwear market was 1.9 trillion USD in 2019."

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Statistic 4

"Roughly 50% of fast fashion items are disposed of within a year of being made."

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Statistic 5

"Around 80 billion pieces of new clothing are produced worldwide each year."

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Statistic 6

"In 2016, more than 4.3 billion units of apparel and 8.3 billion pairs of shoes were produced globally."

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Statistic 7

"Nike and H&M are the world’s most valuable apparel brands, as of 2017."

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Statistic 8

"Only about 15% of Americans shop at factory outlet malls more than twice a year."

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Statistic 9

"The European Union exported clothing and textiles worth 77 billion euros in 2020."

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Statistic 10

"In 2019, 73.3% of the world’s clothing exports came from Asia."

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Statistic 11

"The secondhand clothes market in the United States reached a valuation of 28 US dollars in 2019."

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Statistic 12

"The international trade in textiles amounted to USD 305 billion in 2018."

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Statistic 13

"The ecommerce fashion industry is expected to rise to $672 billion by 2023"

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Statistic 14

"The global sportswear market is expected to reach $567 billion by 2024."

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