GITNUX MARKETDATA REPORT 2024

Global Textile Industry Statistics

The global textile industry is expected to continue growing, driven by increasing demand for textiles in emerging markets and a focus on sustainability and innovation in production processes.

Statistic 1

"The global textile market size was valued at USD 961.5 billion in 2019."

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Statistic 2

"China, United States, India and EU28 were the largest markets for apparel in 2019."

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Statistic 3

"Asia Pacific held the largest share of the textile market in 2019."

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Statistic 4

"The CAGR of the global textile market is predicted to be 4.3% from 2020 to 2027."

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Statistic 5

"Technical textiles make up 30% of textile industry sales."

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Statistic 6

"China's textile exports were $119.23 billion in 2020."

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Statistic 7

"India is the second-largest producer of textiles and garments in the world."

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Statistic 8

"Bangladesh holds fifth place in global garment exports."

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Statistic 9

"The textile industry accounts for about 4% of the global market share."

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Statistic 10

"Polyester was the most commonly used textile fiber in the world in 2018, with an annual production of 51.3 million metric tons."

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Statistic 11

"In 2018, the EU28’s textile and clothing sector comprised approximately 171,000 companies, employing over 1.7 million people."

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Statistic 12

"The UK Fashion and Textile industry’s contribution in GVA to the UK economy is over £9 billion."

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Statistic 13

"The Global Textile Home Decor Market size was worth a substantial USD 98.32 billion in 2018."

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Statistic 14

"The cotton segment accounted for a share of 30.2% in 2019 in the global textile market."

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Statistic 15

"The global textile recycling industry was estimated at around $5 billion in 2019."

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Statistic 16

"Women's wear accounts for approximately half of the global textile business, while menswear accounts for about a third."

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Statistic 17

"The global home textiles market size was valued at USD 94.73 billion in 2018."

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