The Latest Textile Industry Statistics Explained
The global textile market size was valued at USD 961.5 billion in 2019.
The statistic “The global textile market size was valued at USD 961.5 billion in 2019” represents the total worth of the worldwide textile industry during the year 2019. This value indicates the sum of all the revenues generated from the production, sale, and trade of textiles across various sectors such as clothing, home furnishings, industrial textiles, and technical textiles. The market size serves as a key indicator of the economic importance and scale of the textile industry globally, reflecting the demand for textile goods and the level of activity within the market. This statistic provides valuable insight for businesses, policymakers, and investors to understand the size and potential growth opportunities within the textile industry.
The textile industry is anticipated to reach a value of USD 1.3 trillion by 2025.
The statistic that the textile industry is anticipated to reach a value of USD 1.3 trillion by 2025 indicates the projected market size and value of the industry in the near future. This figure represents a substantial growth potential for the textile industry globally, highlighting the increasing demand for textile products and services. Factors such as population growth, economic development, technological advancements, and evolving consumer preferences are likely contributors to this anticipated growth. This statistic serves as a key insight for stakeholders within the textile industry, guiding strategic decision-making, resource allocation, and investment opportunities in line with the projected market expansion.
Chinese textile exports stood at around $119 billion in 2019.
The statistic ‘Chinese textile exports stood at around $119 billion in 2019’ indicates the total value of textiles that were exported from China in that year. This figure represents the economic importance of the textile industry in China and its significant role in the global market. The export value of $119 billion highlights China’s position as a major player in the textile industry and underscores its competitive advantage in producing and exporting textile goods. This statistic provides valuable insight into the scale and impact of China’s textile exports on the international trade landscape.
The Indian textile industry is currently estimated to be at $108.7 billion.
The statistic that the Indian textile industry is currently estimated to be at $108.7 billion indicates the total value of goods and services produced within the textile sector in India. This figure encompasses all aspects of the textile industry, including manufacturing, exports, and domestic sales. The size of the Indian textile industry suggests that it is a significant player in the global market, contributing substantially to the country’s economy and providing employment opportunities for a large workforce. This statistic reflects the industry’s scale and importance within India’s overall economic landscape.
Global demand for textile products is forecasted to grow about 3.5% annually through 2025.
The statistic “Global demand for textile products is forecasted to grow about 3.5% annually through 2025” indicates that there is an expected increase in the worldwide demand for textile products over the next few years. This growth rate of 3.5% per year suggests a positive trend in the industry, likely driven by factors such as population growth, increasing disposable incomes, and evolving fashion trends. The forecasted growth rate can provide valuable insights for businesses operating in the textile sector, guiding their strategic planning, production levels, and marketing efforts to capitalize on the expanding market opportunities. Additionally, policymakers and stakeholders in the textile industry may use this statistic to anticipate future trends, identify potential challenges, and formulate effective policies to support the growth of this sector.
The Natural Fiber segment in the textile industry will amount to 51.2% of the market by 2025.
The statistic that the natural fiber segment in the textile industry will amount to 51.2% of the market by 2025 indicates the projected market share that natural fibers, such as cotton, wool, and silk, are expected to hold within the overall textile industry. This statistic suggests a significant presence and growth opportunity for natural fibers in the market, likely driven by increasing consumer preferences for sustainable and environmentally friendly materials. The projection hints at a shifting trend towards more eco-friendly options in textiles, signaling potential changes in consumer demand, production practices, and industry dynamics as these natural fibers are expected to gain a larger foothold.
The EU textile industry generated a turnover of €162 billion in 2019.
The statistic that the EU textile industry generated a turnover of €162 billion in 2019 indicates the total revenue generated by the textile sector in the European Union during that year. This figure reflects the combined sales of textiles, clothing, and related products within the EU market. The turnover of €162 billion highlights the significant economic contribution of the textile industry to the EU economy, showcasing its importance as a major sector in terms of revenue generation, employment opportunities, and overall economic growth. This statistic serves as a key indicator of the industry’s scale and financial impact within the EU region, demonstrating its notable presence and influence in the global market.
The textile industry in Bangladesh is the second largest in the world, providing employment for over 4 million people, mainly women.
The statistic highlights the significance of the textile industry in Bangladesh, ranking it as the second largest in the world. With over 4 million people employed in this industry, it serves as a crucial source of livelihood for many individuals in the country, particularly women. The employment opportunities in the textile industry play a vital role in the economic development of Bangladesh, contributing to job creation, income generation, and poverty alleviation. Moreover, the predominance of women in this sector underscores their increasing participation in the workforce and represents a pathway to empowerment and economic independence for many women in Bangladesh.
Turkey’s textile and clothing industry is the 7th largest in the world and the 3rd largest supplier in the EU.
The statistic indicates that Turkey ranks as the 7th largest textile and clothing industry globally, highlighting the country’s significant presence in the sector. Furthermore, Turkey is recognized as the 3rd largest supplier of textiles and clothing to the European Union, showcasing its strong position in the European market. This data underscores Turkey’s competitiveness and importance in the global textile and clothing industry, emphasizing its role as a major player in both the international and European markets.
The US imported textiles worth 119 billion U.S. dollars in 2019.
The statement “The US imported textiles worth 119 billion U.S. dollars in 2019” indicates that the total value of textile products imported into the United States in 2019 was 119 billion U.S. dollars. This statistic provides insight into the scale of the textile trade between the US and other countries during that year. Importing such a significant value of textiles suggests that the US relies heavily on foreign suppliers to meet domestic demand for these goods, whether for clothing, home textiles, or other products in various industries. Furthermore, this data point can be used to analyze trends in trade, the competitiveness of domestic textile industries, and the overall economic dynamics of the US in relation to the global market for textiles.
Polyester is the most used fibre in the textile industry, accounting for around 52% of the total volume of fibres produced globally.
The statistic that polyester is the most used fiber in the textile industry, comprising approximately 52% of the total volume of fibers produced worldwide, highlights the widespread popularity and dominance of polyester in the textile sector. This statistic indicates that polyester is a preferred choice among manufacturers due to its versatility, durability, and cost-effectiveness. Its significant market share reflects consumer demand for polyester-based products in various textile applications, from clothing and home furnishings to industrial materials. The statistic underscores the substantial impact that polyester has on the textile industry and global fiber production, shaping consumption patterns and supply chains within the sector.
The textile industry contributes to 2% of the world’s carbon budget.
The statistic ‘The textile industry contributes to 2% of the world’s carbon budget’ indicates that the textile industry is responsible for emitting 2% of the total global carbon emissions. This suggests that the production of textiles, including processes such as manufacturing fabrics, dyeing, and transportation of products, contributes significantly to global carbon dioxide levels and consequently to climate change. The statistic highlights the environmental impact of the textile industry and emphasizes the importance of implementing sustainable practices and reducing carbon emissions within this sector to mitigate its overall contribution to climate change.
The textile industry uses roughly 43 million tons of fibre each year.
The statistic that the textile industry uses approximately 43 million tons of fiber each year indicates the significant scale of demand for raw materials within the industry. This figure reflects the vast quantities of natural and synthetic fibers that are processed annually to manufacture textiles such as clothing, home furnishings, and industrial fabrics. The statistic highlights the immense resource consumption associated with textile production and underscores the environmental impact of mass fiber extraction and processing. This data is crucial for understanding the consumption patterns and ecological footprint of the textile industry, providing insights into the industry’s role in global resource utilization and sustainability challenges.
In 2020, the EU exported textiles and clothes worth approximately 66 billion Euros.
The statistic indicates that in the year 2020, the European Union (EU) exported textiles and clothing products valued at around 66 billion Euros. This highlights the significant economic contribution of the EU’s textile and clothing industry to the global market. The export value demonstrates the competitiveness of the EU in this sector, as well as the strong demand for European textiles and apparel products worldwide. The export figure also sheds light on the importance of the textile and clothing sector as a key driver of economic growth and employment within the EU member countries.
In 2019, the share of fashion-related search queries containing “sustainable fashion” increased by 75%.
The statistic indicates that in 2019, there was a significant increase in the proportion of fashion-related search queries that included the term “sustainable fashion” by 75%. This suggests a growing interest and awareness among consumers in sustainable practices within the fashion industry. The surge in searches for sustainable fashion signifies a shift towards more environmentally and socially conscious consumption choices. It also implies that more individuals are seeking information and products that align with their values of sustainability and ethical production in the realm of fashion. This trend may prompt companies to prioritize sustainability in their offerings to meet the evolving demands of the market.
In India, the Textile industry contributes approximately 2% to India’s GDP.
The statistic stating that the Textile industry contributes approximately 2% to India’s GDP signifies the economic significance of this sector within the Indian economy. With a long history and a significant presence in the country, the textile industry plays a vital role in offering employment opportunities, driving exports, and supporting economic growth. The 2% contribution to India’s GDP reflects the sector’s substantial output and value addition to the overall economy. This statistic underscores the importance of the textile industry as a key player in India’s economic landscape, highlighting its role in driving industrial growth and contributing to the nation’s GDP.
Conclusion
The textile industry statistics provide valuable insights into the trends and performance of this sector. By analyzing key metrics such as production, export, and employment data, we can better understand the dynamics shaping the textile industry. These statistics can guide industry stakeholders, policymakers, and investors in making informed decisions to support the growth and sustainability of the textile industry.
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