statistics
Metric | Value |
---|---|
Population: | 506.85 million |
GDP per capita (PPS): | 36,486 Dollars |
Labor force: | 247.0 million |
Unemployment rate: | 39.4% |
Fashion market share: | 5 percent |
Regional fashion market size: | 441 billion dollars |
Turnover of the textile and clothing industry: | 191 billion dollars |
Employment in the textiles and clothing industry: | 1.6 million |
Annual investment in the textile and clothing industry: | 5 billion dollars |
Annual investment in clothing: | 1.6 billion dollars |
Annual investment in textiles and man-made fibres: | 3.3 billion dollars |
Number of companies in the textile and clothing industry: 172,755 Among these companies 119,960 companies can be addressed to as clothing companies, 52,926 are textile companies and the remaining 80 companies work on man-made fibers.
The total turnover of these companies is 191 billion euros. Nearly half of this turnover is related to textile companies, these contribute 92 billion euros. Another 87 billion euros is related to clothing companies and the remaining 9.7 billion euros is related to man-made fibre-making companies.
A couple of European countries, such as Italy, France and Spain are well-known for their renowned fashion conglomerates. The following table shows the Top 10 largest fashion companies in Europe.
Company name | Market value | Annual sales | Country | Company type | |
---|---|---|---|---|---|
1 | Inditex | 104 billion dollars | 24 billion dollars | Spain | Stock listed company |
2 | LVMH, Louis Vuitton Moët Hennessy | 86 billion dollars | 41.5 billion dollars | France | Stock listed company |
3 | Hennes & Mauritz | 48.5 billion dollars | 26.5 billion dollars | Sweden | Stock listed company |
4 | Hermès | 37 billion dollars | 6 billion dollars | France | Stock listed company |
5 | Rolex SA | 36 billion dollars | 6 billion dollars | Switzerland | Private ownership |
6 | Compagnie Financière Richemont | 36 billion dollars | 11.5 billion dollars | Switzerland | Stock listed company |
7 | Chanel | 33.5 billion dollars | 9 billion dollars | France | Private ownership |
8 | Dior | 32 billion dollars | 2 billion dollars | France | Stock listed company |
9 | Luxottica | 26.5 billion dollars | 10.5 billion dollars | Italy | Stock listed company |
10 | Kering | 25.5 billion dollars | 13 billion dollars | France | Stock listed company |
Employment
Currently 1.63 million people are employed in the textile and clothing industry. Most of these employees, 1 million people, are employed in producing at and managing clothing companies. The remaining 614,000 work on textiles and man-made fibres.
Metric | Value |
---|---|
Annual expenditure on clothing: | 360 billion dollars |
Annual expenditure on footwear: | 81 billion dollars |
Clothing: 25 billion dollars
The main clothing customers make up for 54.6 percent of the total clothing exports. Switzerland is the largest customer taking 3.8 billion dollars in textiles, which is 15.7 percent of the total European textile exports. Russia takes 3.7 billion dollars, 15.2 percent, and is therefore the second largest customer. The customers that round up the Top 5 export clients are the United States with 2.7 billion dollars (11 percent), Hong Kong with 1.6 billion dollars (6.5 percent) and Japan with 1.5 billion dollars (6 percent).
Textiles: 24.5 billion dollars
The main textile customers make up for 40.5 percent of the total textile exports. The United States is the biggest customer taking 2.7 billion dollars in textiles, which is 11 percent of the total European textile exports. China takes 2.1 billion dollars, 8.5 percent, and is therefore the second largest customer. The customers that round up the Top 5 export clients are Turkey with 2 billion dollars (8 percent), Switzerland with 1.6 billion dollars (7 percent) and Morocco with 1.5 billion dollars (6 percent).
Clothing: 84.5 billion dollars
The European Union imports most of its clothing from 5 suppliers, with China being the largest. A near 40 percent of the European imports come from China. Bangladesh supplies 14.5 percent of the European clothing imports. Another 13 percent of the supplies come from Turkey and respectively 6 and 3 percent come from India and Morocco.
Textiles: 30.5 billion dollars
The European Union imports most of its textiles from 5 suppliers, with China being the largest. About 31.5 percent of the European imports come from China. Turkey supplies 17 percent of the European textile imports. Another 9 percent of the supplies come from Turkey and respectively 8 and 4 percent come from Pakistan and the United States.