If you’re interested in global fashion industry statistics, you’ve come to the right place. This report discusses the state of the global fashion industry through 2022. Its authors conducted extensive research, and spoke to industry leaders to identify trends and future opportunities. Read on to learn about these trends and the implications for the industry. Here are four key trends that are shaping the industry today. Here’s how they’ll affect the industry in the coming years.
There are many challenges facing the fashion industry today. Global economic growth is slowing and competition is more intense than ever. Keeping a finger on the pulse of consumer demand and addressing the climate change agenda will keep fashion companies on their toes. With a growing number of global fashion brands, it’s imperative to think strategically, adapt to changing markets, and focus on the climate change agenda. The global fashion industry is a multibillion dollar industry.
The fashion industry is starting to rebound, but it won’t be evenly spread across the world. After a slowdown, more than half of apparel and footwear sales will be generated outside of North America and Europe. In 2018, sales in emerging markets will grow between five and 7.5 percent. In contrast, sales growth in the West is expected to remain below two percent. By 2020, more than half of all apparel and footwear sales will come from countries outside of Europe and North America.