The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent of the world's Gross Domestic Product (GDP). The fashion industry includes many sub industries, such as menswear, womenswear and sportswear.
- The womenswear industry is valued at 621 billion dollars
- The menswear industry is valued at 402 billion dollars
- The retail value of the luxury goods market is 339.4 billion dollars
- Childrenswear had a global retail value of 186 billion dollars
- Sports footwear is valued at 90.4 billion dollars
- The bridalwear industry is valued at 57 billion dollars
Apparel manufacturing -
number of people employed
- 14.5 million in 1990
- 13.1 million in 1995
- 13.0 million in 2000
- 24.8 million in 2014
number of people employed
- 19.7 million in 1990
- 16.8 million in 1995
- 13.5 million in 2000
- 33.0 million in 2014
Textiles & Clothing -
number of people employed
- 34.2 million in 1990
- 29.9 million in 1995
- 26.5 million in 2000
- 57.8 million in 2014
To cater to the large, 3,000 billion, textile and garment industry new companies are entering the market daily. Yet, most of these companies remain rather unknown. Worldwide only a few large fashion players exist.
Currently US-based athleisure- and lifestyle brand Nike is the largest fashion company worldwide. Nike had 2015 revenues of 30.6 billion and has a market value of nearly a 105 billion dollars. Nike offers its products worldwide and its largest markets are the United States, accounting for 46 percent of the total revenues, and Western Europe with a share 19 percent. Most of Nike’s income, a near 94 percent, comes from the Nike brand. The remaining 6 percent comes from Converse, which is a subsidiary of Nike. The brand’s best selling division is footwear, accounting for 64 percent of Nike’s income.
Spanish fast-fashion giant Inditex is with a market value of nearly a 104 dollars close to Nike and is therefore the second largest fashion company worldwide. This company owns brands such as Zara, Pull&Bear and Stradivarius. Inditex’ 2015 annual revenue was around 24 billion dollars. With stores is every major city worldwide, the company is able to reach lots of fans.
In third place comes LVMH, Louis Vuitton Moët Hennessy, a French luxury conglomerate. LVMH’s annual revenues reached 40.7 billion dollars in 2015 and the company is currently valued around 87 billion dollars. The company operates a chain of independent stores and shops-in-shops for fashion brands such as Louis Vuitton, Fendi and Dior. LVMH does not only stand for high-end fashion, but provides for every aspect of a luxury lifestyle, from champagne (Moët) to sailing yachts (Royal Van Lent).
The fourth largest fashion company is US-based TJX with a market value of 54.5 billion dollars and 2015 annual sales of 30.9 billion dollars. TJX operates the majority of its stores in the United States and is best known for its fast-fashion brand T.J. Maxx. Its US sales account for 86 percent, with 26.7 billion dollars. The company is also active on the Canadian and European market with its brands T.K. Maxx, HomeSense, Winners and Marshalls.
Rounding off the global Top 5 is swedish fast-fashion giant H&M. H&M reached annual net sales of 25.8 billion dollars in 2015, which has set its current market value to 48.3 billion dollars. Currently, Germany is the the company’s biggest market and accounts for 17 percent of H&M’s total sales. Other large European markets are the United Kingdom with 8 percent, France with 6.5 percent and Sweden with 4.5 percent. The United States (12 percent) and China (5 percents) are H&M’s largest international markets.
On sixth place in the Global Top 10 of Largest Fashion Companies is the french luxury brand Hermès, with a market value of 37 billion dollar and annual revenues of 5.5 billion dollar. Place 7 in the Top 10 is held by privately held luxury company Montres Tudor, the parent company of Rolex, which has a market value 34.9 billion dollars and annual sales of 8.3 billion dollars. Fashion jewelry conglomerate Compagnie Financière Richemont follows with a market value of 33.7 billion dollars and annual sales of 11.8 billion dollars. Other large companies in the Top 10 are luxury brands Dior and Chanel with market values of respectively 32.9 billion dollars and 32.6 billion dollars. Dior has annual sales of 2 billion dollars compared to 7.5 billion dollars at Chanel. Montres Tudor and Chanel are the only privately held fashion companies in the Global Top 10 of Largest Fashion Companies and their value is an estimated 30 percent than comparable publicly traded companies because it is harder to sell a share of these companies.
Total trade of clothing and textiles: 726 billion dollars
The most traded apparel and textile products are non-knit women’s suits, knit sweaters, knit T-shirts and non-knit men’s suits.
Non-knit women’s suits: 54.6 billion dollars, 7.5 percent
Knit sweaters: 52.8 billion dollars, 7.3 percent
Non-knit men’s suits: 43.4 billion dollars, 6 percent
Knit T-shirts: 36.9 billion dollars, 5.1 percent
Knit Women’s suits: Knit women’s suits: 28.2 billion dollars, 3.9 percent
Light rubberized knitted fabric: 23.9 billion dollars, 3.3 percent
Synthetic filament yarn woven fabric: 20.9 billion dollars, 2.9 percent
Raw cotton: 18.9 billion dollars, 2.6 percent
Non-retail synthetic yarn: 18.8 billion dollars, 2.6 percent
China is the largest exporter of apparel in the world, it has exported for 265 billion dollars in 2014. India is the second largest exporter with 38.7 billion dollars of clothing exports. Other large exports of apparel and textiles are Italy with 32.7 billion dollars, Turkey with 30.4 billion dollars and Bangladesh with 28 billion dollars. The Top 5 largest exporters therefore supply 54.4 percent of the total worldwide apparel trade, with China single-handedly taking on 36.5 percent.
Total trade of footwear and headwear: 139 billion dollar
Over 40 percent of all traded footwear are leather footwear. Other products that are traded in large amounts are rubber footwear and textile footwear.
Leather footwear: 56.7 billion dollars, 41 percent
Rubber footwear: 30.2 billion dollars, 22 percent
Textile footwear: 22.3 billion dollars, 16 percent
Footwear parts: 7.77 billion dollars, 5.6 percent
Knitted hats: 4.8 billion dollars, 3.3 percent
Other footwear: 3.9 billion dollars, 2.8 percent
Other headwear: 2.82 billion dollars. 2 percent
Also in footwear and headwear, China accounts for the largest share of all export with 71.1 billion dollars. Therefore it account for over 50 percent of the total world trade. Vietnam and Italy are the second and third largest exports of footwear and headwear, exporting respectively 13.6 billion dollars and 12 billion. The top 3 exporters account for 69.6 percent of the total exports in this segment. Rounding off the Top 5 largest exporting regions of footwear and headwear are Indonesia with exports of 5.59 billion dollars and Germany with 3.78 billion dollars.
Population: 323.2 million
Labor force: 161 million
Unemployment rate: 6.2%
GDP per capita (PPP): $ 54,629
Domestic market value of fashion: $ 385.7 billion
Employment in fashion: 1.8 million
New York: Fashion capital
New York City population: 8.55 million
New York City labor force: 4.2 million
Employment in fashion-related industries (NYC only): 185,000
Wages in the fashion industry (NYC only): 11 billion dollars
Fashion industry tax revenue (NYC only): 2 billion dollars
In the United States an estimated 1.8 million people are in employed in the fashion industry, among whom 232,000 in manufacturing textiles for apparel and other fashion items.
Average annual wages in fashion range from 26,440 dollars, for textile bleaching and dyeing machine operators, to 84,600 dollars for marketing and sales managers in fashion.
About 79 percent of all US employees in fashion work for apparel retailers. The average annual wage at such companies is 26,650 dollars. However in certain occupations the average wages are a lot higher. Marketing and sales managers at apparel retailers have the highest average annual wage of 84,600 dollars. Accountants and auditors receive an average annual pay of 69,960 dollar and buyers and purchasing agents get paid 56,550 dollars, on average.
A smaller amount, 145,000 employees accounting for 8 percent of all employees in fashion work in apparel wholesale and merchandising. The average annual wage in this sub industry is 52,350 dollars. However, some jobs pay less than the average wage. Graphic designers, for instance, receive wages around 48,320 dollars, whereas merchandise displayers and window trimmer receives 35,680. Jobs in production, planning and expediting, with average wages of 47,680, and in installation, maintenance and repair, with average annual wages of 43,430, also pay less than average within apparel wholesale merchandising.
Another 8 percent, 143,000 people are employed in the apparel manufacturing industry where the average annual wage is 34,110 dollars. However, there is a large range within this sub industry of fashion. Whereas computer occupations, such as information analysts, are paid the highest annual wage of 73,220 on average, textile bleaching and dyeing machine operators only receive 26,440 per annum. The wages for tailors, dressmakers and sewers are also in the low range with 27,510 dollars, on average. Maintenance and industrial machinery is paid around the average of this sub industry with annual wages of 36,610 dollars. Other jobs in the high compensation range are in fabric and apparel pattern making and market research and marketing. Respectively these occupations pay an average annual wage of 52,150 and 64,830 dollars.
Apart from the jobs listed before, the United States has room for around 18,000 fashion designers. Their average annual wage is 73,690 dollars, meaning that they receive over 30 dollars per hour.
Some of the world’s largest fashion companies are based in the United States. Moreover, the currently largest fashion company globally, Nike, is US-based. Nike is an athleisure- and lifestyle brand with annual revenues of 30.6 billion and a market value of nearly a 105 billion dollars. Nike offers its products worldwide and its largest markets are the United States, accounting for 46 percent of the total revenues, and Western Europe with a share 19 percent. Most of Nike’s income, a near 94 percent, comes from the Nike brand. The remaining 6 percent comes from Converse, which is a subsidiary of Nike. The brand’s best selling division is footwear, accounting for 64 percent of Nike’s income.
With a market value of 54.5 billion dollars and 2015 annual sales of 30.9 billion dollars, TJX Companies is the second largest fashion company in the United States. TJX operates the majority of its stores in the United States and is best known for its fast-fashion brand T.J. Maxx. Its US sales account for 86 percent, with 26.7 billion dollars. The company is also active on the Canadian and European market with its brands T.K. Maxx, HomeSense, Winners and Marshalls.
The third largest fashion company in the United States is VF Corporation. VF owns several brands including Lee, The North Face, Timberland and Napapijri. In 2015 VF’s annual revenue rose to 12.4 billion dollars with most of its revenues coming from the Outdoors and Action Sports division. The brands The North Face, Vans and Timberland had combined sales of 7.4 billion dollars, accounting for nearly 60 percent of VF’s total income. Currently, VF corporation has a market value of 27.6 billion dollars.
Close to VF Corporation, with a market value of 25.3 billion dollars is L Brands. L Brands is the parent company of Victoria’s Secret and has most of its sales of 12.15 billion dollars, a near 93 percent, domestically.
On fifth place of United States’’ largest fashion companies is sports brands Under Armour. The 20-year-old brand managed annual revenues of 4.0 billion dollars in 2015, with 3.45 billion dollar in North America alone. Under Armour is currently valued at 17.8 billion dollars on the New York Stock Exchange.
In million dollars
Exports of textiles and clothing: 22.9 billion dollars
The United States are not one of the largest exporters of fashion goods in the world, however it still supplies a fair share of several textiles for fashion purpose to overseas markets. The largest export products among textile and clothing of the United States are:
- Raw cotton: 4.41 billion dollars, 19 percent
- Nonwoven textiles: 1.77 billion dollars, 8 percent
- Cotton yarn of over 85 percent: 1.13 billion dollars, 5 percent
- Artificial filament tow: 1.04 billion dollars, 4.5 percent
- Synthetic filament yarn: 1.03 billion dollars, 4.5 percent
Exports of footwear and headwear: 1.14 billion dollars
Footwear, with leather body: 306 million dollars, 27 percent
Parts of footwear: 263 million dollars, 23 percent
Other headgear: 139 million dollars, 12 percent
Footwear, with textile body: 85.4 million dollars, 7.5 percent
Other footwear of rubber of plastics: 76.9 million dollars, 7 percent
Other footwear: 74.7 million dollars, 6.5 percent
Imports of textiles and clothing: 105 billion dollars
The United States are the largest importer of fashion-related products in the world. It mostly imports manufactured apparel.
Sweaters, pullovers, sweatshirts, etc.: 14.1 billion dollars, 13 percent
Women’s suits, not knit: 9.37 billion dollars, 9 percent
Men’s suits, not knit: 8.2 billion dollars, 8 percent
Women’s suits: 5.63 billion dollars, 5 percent
T-shirts: 5.2 billion dollars, 5 percent
Imports of footwear and headwear: 28.8 billion dollars
Footwear, with leather body: 12.2 billion dollars, 42 percent
Other footwear of rubber or plastics: 6.64 billion dollars, 23 percent
Footwear, with textile body: 4.7 billion dollars, 16 percent
Population: 66.2 million
Labor force: 30.05 million
Unemployment rate: 9.9%
GDP per capita (PPP): $ 42,726
Domestic market value of fashion: $ 43.3 billion
Employment in fashion: 340,000
Population: 80.9 million
Labor force: 42.0 million
Unemployment rate: 5.3%
GDP per capita (PPP): $ 47,627
Domestic market value of fashion: $ 83,6 billion
Employment in fashion: 340,000
Population: 16.9 million
Labor force: 9.0 million
Unemployment rate: 6.9%
GDP per capita (PPP): $ 52,139
Domestic market value of fashion: $ 16.5 billion
Employment in fashion: 87,910
Population: 46.8 million
Labor force: 23.3 million
Unemployment rate: 22.7%
GDP per capita (PPP): $ 29,863
Domestic market value of fashion: $ 31.1 billion
Population: 64.5 million
Labor force: 33 million
Unemployment rate: 6.3%
GDP per capita (PPP): $ 46,297
Domestic market value of fashion: $ 94.1 billion
Employment in fashion: 555,000
How many pieces of clothing are sold world wide? How many people work in the international fashion industry? What is the total sales of clothing in the world? This is the FashionUnited page with Facts and Figures about the global and US fashion industry. For factu and figures of the fashion industry in other countries and regions, refer to the links below.
The International fashion market is a leading industry well known for key players, such as Inditex, LVMH, H&M, Nike, VF Corporation, Richemont, Adidas, Fast Retailing, Abercrombie & Fitch, Prada, Gap, Dior, Urban Outfitters, Burberry.For the real-time market value and other stock information on these companies, refer to the FashionUnited Top 100.
- Clothing industry facts and figures - United States
- Apparel industry statistics - Colombia
- Fashion industry facts - France
- Modebranche facts and figures - Germany
- Textile and apparel sector statistics - Netherlands
- Clothing industry facts and figures in the United Kingdom
- Apparel and textiles industry facts - India
- Clothing industry facts and figures - France
- Fashion statistics - Spain
- Apparel industry statistics - Colombia
- Fashion retail industry statistics - Belgium
- Apparel and garment facts and figures - India
- Apparel industry facts - Canada
- Fashion industry facts and figures - Russia
- Textile industry facts and figures - Switzerland
- Garment retail facts and figures - Australia
- Fashion industry facts and figures - New Zealand
- Retail and textile industry facts and figures - Mexico
- Apparel facts and figures - Peru
- Clothing industry facts and figures - Argentina
- Fashion industry facts and figures - Chile
- Apparel industry facts and figures - China
- Clothing industry facts and figures - Italy
- Clothing industry facts and figures - Japan
- Bangladesh Garment Industry statistics - Bangladesh
- Chinese textile and garment statistics, export champion of the world - China
- Vietnam's garment industry is having its best time - Vietnam
- Statistics fashion industry Indonesia - Indonesia
The fashion industry statistics pages are a product of FashionUnited Business Intelligence. For other data, such as the FashionUnited Top 100, the FashionUnited Facebook Index and the List of Richestest People in Fashion, refer to the FashionUnited Business Intelligence page.