Global: apparel market revenue by country 2022 | Statista (2024)

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Which country has the largest apparel market? ›

Revenue of the apparel market worldwide by country 2022

From the selected regions, the ranking by revenue in the apparel market is led by the United States with 312 billion U.S. dollars and is followed by China (286.5 billion U.S. dollars).

The revenue of the global apparel market was calculated to amount to 1.53 trillion U.S. dollars in 2022, a slight decrease on the previous year.

The Global Apparel Market was estimated to be valued at $652.94 billion in 2023.

Key apparel markets

Description: In 2021, the biggest per country revenue in the women's apparel market was generated in the United States, amounting to almost 166 billion U.S. dollars. This was followed closely by the Chinese market which generated a revenue of 163.5 billion in 2021.

Paris has been considered the style and fashion capital of the world since the 16th century, and it has been influential in the fashion world ever since. The fashion industry is one of the most grossing industries in France and therefore, an integral part of its economy.

With an export value of $38.99 billion, Germany follows China as the second-largest exporter of textiles in the world. The country excels in exporting synthetic yarn, knitted apparel cloth, and man-made fiber. Most of the industries in Germany range between medium and small size businesses.

Revenue in the Apparel market amounts to US$1.74tn in 2023. The market is expected to grow annually by 2.84% (CAGR 2023-2027). The market's largest segment is the segment Women's Apparel with a market volume of US$0.90tn in 2023.

45-year-olds spend the most on clothes, then spending gradually decreases. This shows that the spending habits of people in different age groups can be used to inform marketing strategies.

Global apparel market size growth

The latest global apparel industry statistics show that revenue from the apparel market is expected to exceed $1.7 trillion in 2023, a 13.7% year-over-year increase. This marks significant growth over the past decade.

What is the growth rate of the apparel industry? ›

The global apparel market grew from $610.12 billion in 2022 to $652.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.

The fashion industry consists of four levels: the production of raw materials, principally fibres and textiles but also leather and fur; the production of fashion goods by designers, manufacturers, contractors, and others; retail sales; and various forms of advertising and promotion.

Do Fast Fashion Statistics Vary by Country? 10 countries dominate the market for retail purchasing: China 40 billion, USA 17 billion, India 6 billion, Japan 3.3 billion, Germany 2.2 billion, UK 2.1 billion, Russia 2 billion, France 1.5 billion, Italy 1.3 billion and Brazil 2.3 billion.

China currently holds the top position among countries with the best cloth manufacturers. The country witnessed a renaissance during the 20th century as its textile industries proliferated. As per a report by the GAC of China, the total export value of garment exports in 2021 closed at a whopping $170.3 billion.

Coming in as the number one most fashionable country in the world is Italy. Italy boasts some of the top names in couture fashion, including Guccio Gucci, Gianni Versace, Valentino Garavani, Roberto Cavalli and Giorgio Armani.