statistics
Global Fashion Industry Statistics
General data
| Metric | Value | Source |
|---|---|---|
| Population: | 59.24 million (2021) | Eurostat, November 2022 |
| Labor force: | 24.954.973 (2021) | World Bank Bank Open Data |
| Unemployment rate: | 7.8% (September 2022) | Tradingeconomics.com based on data from National Institute of Statistics (ISTAT) |
| GDP per capita (PPP): | 26.710 (in 2021) | Eurostat, November 2022 |
Economy
The world’s eighth-largest gross domestic product (GDP) belongs to Italy. It is also the eurozone’s third-largest economy. Italy contributed 12,4% to the GDP in the European Union in 2020.
Source: Investopedia article 'The Top 25 Economies in the World', based on The World Bank data GDP 2020. Last updated in September, 2022. & writes CBS in an article in July 2021 based on information by Eurostat
Household income & purchasing power
Household disposable income per inhabitant in Italy, adjusted for price levels, in 2019 amounted to 23.000 euros per inhabitant.
Source: writes CBS in an article in July 2021 based on information by Eurostat (Adjusted gross disposable income of households per capita in PPS)
Italy had an average purchasing power of 17.799 euros per capita for spending and savings in 2019, putting the country around 21 percent above the European average that sits at 14.739 euros.
Italy exhibits a striking contrast in purchasing power distribution, with a notable gap between its prosperous north and its less affluent south. Remarkably, all the provinces listed within the top-ten rankings are situated in the northern regions of the country. First place goes to the province of fashion capital Milan with a purchasing power of 25,077 euros per capita, which is almost 41 percent above the national average and around 70 percent above the European average.
Source: GfK Purchasing Power Europe 2019, October 2019.
Clothing consumption: The Italians spend on fashion
Italy was the third largest consumer of clothing in the European Union in 2018. The household consumption expenditure on clothing in Italy was 52.4 billion euros. Only the United Kingdom and Germany spent more (65.4 billion euros and 52.4 billion euros respectively)
Source: Consumer spending on clothing in the European Union 2018, by country, Statista, July 2021
Household expenditure for clothing & footwear in Italy in 2020: 5.4%. For comparison: Europeans spent an average of 4.1% of total household expenditure on clothing and footwear.
Source: Household expenditure by category, European Union, 2020 (as % of total expenditure), Eurostat.
Italians spend on average 710 euros per year for their clothes. The European average stands at 490 euros. Italians are fifth in the ranking, behind Luxembourg, Austria, Netherlands and Denmark.
From Facts & Key Figures 2022 Euratex report. Source: EU household consumption of clothing in 2020, per capita. Eurostat.
Italy: a vivid fashion industry
Textile and Fashion is a key economic sector in Italy
Home to some of the world’s most famous fashion houses and luxury brands like Bottega Veneta, Gucci, Prada, Versace, Giorgio Armani, Missoni, Moschino, Roberto Cavalli, Valentino and Dolce & Gabbana, Italy holds a distinctive and unique position within the global market of fashion and clothing.
Source: Sistema Moda Italia, from The Italian Textile Industry - a Key Economic report, published by ITMA Services, organiser of ITMA 2023, 2022 ITMA Services.
According to Claudio Marenzi, President of Confindusria Moda, the Italian fashion, textile, and accessories industry holds a position of utmost significance on the global stage. It stands out for its remarkable revenue generation, considerable employment opportunities, and the involvement of a substantial number of companies.
The Italian fashion industry: turnover, businesses & employees
| Metric | 2019 | 2020 | 2021 | Forecast 2022 |
|---|---|---|---|---|
| Fashion turnover + related sectors in million €: | 90 237 | 68 761 | 83 338 | 96 672 |
| Variation % | 0.8% | -23.8% | 21.2% | 16.0% |
Source: Fashion Economic Trends. Fonte: Camera Nazionale della Moda Italiana, December 2022 (press conference for the launch of next men’s fashion week).
The sector comprises around 58.000 businesses and employed 560,000 workers in 2020 (latest number available). Source: Fashion Economic Trends Fonte: Camera Nazionale della Moda Italiana, December 2022 (press conference for the launch of next men’s fashion week).
Manufacturing / Fashion Production
The highest concentration of fashion manufacturing activities in the EU can be found in Italy.
Source: European Union website, Fashion and high-end industries in the EU
“‘Made in Italy’ in fashion is synonymous with exclusivity. (..) It’s the know-how and expert craftsmanship that position them in the global market,” said Claudio Marenzi, President of Confindustria Moda to Google Arts & Culture.com.
“Fashion is Italy’s second-largest manufacturing sector. With its extensive influence on retail and related services, the sector directly employs nearly 600,000 workers and impacts an equal number of indirect jobs. The collections of nearly all leading international labels are manufactured by our artisans,” said Carlo Capasa, president of the Italian Fashion Camber CNMI, speaking at a press conference in December 2021, reported FashionNetwork.
According to Omniscient Wikipedia , Italian luxury goods have earned worldwide acclaim for their exceptional textile quality and the exquisite elegance and refinement of their craftsmanship. Notably, numerous high-end brands depend on the expertise of Italian craft factories, concentrated in specialized regions like Naples, Tuscany, Marche, Veneto, and Piedmont, to manufacture parts of their apparel and accessories.
Number of wearing apparel manufacturers in Italy in 2019: 29,774.
Source: Statista.
Turnover of the manufacture of clothing in Italy is 27.2 billion euros in 2020, according to Statista.
Italy also produces a lot of shoes: it accounts for about 50% of the shoe production in the EU.
Writes the European Commission on its website, based on CIRCABC database data
Italy holds the top position as the leading contributor to the textile and clothing industry within the European Union
Italy is the largest contributor to the textile and clothing industry in the EU, states Euratex, when it comes to turnover, employment and export.
Italy has the largest member state share: it accounts for 36% of the turnover in the EU textile and clothing industry. Germany makes up for 15%, France for 10% and Spain for 7%.
Italy has the most employment in the total EU. Italy has a member state share of employment of 22%, followed by Romania with 11% and Poland with 11% and Portugal with 9%.
Italy is the largest exporter in the EU. It accounts for 27% of the export, followed by Germany with 19%, Spain by 11% and France by 11%.
Italy: Import & Export
| Fashion + related sectors | 2019 | 2020 | 2021 | Forecast 2022 |
|---|---|---|---|---|
| Export (mln €) | 71 552 | 56 168 | 67 963 | 80 877 |
| Import (mln €) | 39 285 | 34 677 | 41 349 | 52 840 |
Source: Fashion Economic Trends. Fonte: Camera Nazionale della Moda Italiana, December 2022 (press conference for the launch of next men’s fashion week).
As mentioned in the paragraph above, Italy is the largest exporter of clothing in the EU Italy exported €10 billion worth of clothing to non-EU member states in 2020, 33% of total extra-EU clothing exports by value. After Italy comes Germany (with 5 billion euros, 17%), Spain (with 4 billion euros, 14%) and France (almost 4 billion euros, 13%).
Sources: Eurostat news 'Where do our clothes come from?', April 2021 & Statista Chart Where The EU Imports Its Clothes From 2021, April 2021
#### Major trading partners In 2020, major trading partners for Italy in textiles and clothing were Germany, France, Switzerland, United Kingdom and United States for exports and China, Spain, Germany, France and Bangladesh for imports.Source: Worldbank 'Italy Textiles and Clothing Exports, imports, tariffs, by country and region 2020'
Fashions hottest brands are Italian
Luxury fashion house Gucci has retained its spot as the world’s hottest brand as Italian label’s continue to reign supreme, according to a previous Lyst Index (October 2022).
Gucci came out on top in a quarter that saw the Kering-owned label grab headlines when it sent 68 sets of identical twins down the runway at Milan Fashion Week.
Italian label Prada jumped up one spot to second place amid reports it was seeking a valuation of 1 billion dollars in a new listing on the Milan stock exchange. Searches for the brand increased 44 percent in the quarter.
Also moving up one spot was Italian fashion house Valentino, which unveiled its Pink PP campaign. Source: Lyst, October 2022.
Miu Miu was named brand of the year 2022 (Lyst, 30 November 2022). E-commerce
Italy's internet user population stands at approximately 80%, which places it on the lower end compared to other European countries. Among internet-using Italians, 59% engage in online shopping, with over 50% making online purchases at least once in three months, as per the Europe e-commerce Report 2022.
Multichannel retailers are preferred by most online shoppers in Italy, particularly for fashion and beauty products.
Fashion dominates the e-commerce revenue share, accounting for more than one fifth of online sales in 2021.
Source: E-commercenews.eu, E-commerce in Italy.
Last update: November 2022.