Friday 19 September 2014, Amsterdam
Global demand for apparel is forecast to expand 3.6% p.a. between 2014 and 2018.
Bangladesh, China, South Korea, Tanzania and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global apparel industry is forecast to reach 3.6% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.1%. Currently, womenswear accounts for 50.0% of the global demand while the remaining market share is divided between menswear (34.5%), clothing accessories (3.9%), babies' garments (2.8%), gloves and mittens (2.3%), headgear (2.0%), other garments (4.1%) and parts of garments and clothing accessories (0.5%).
Brazil, China, Italy, Japan and the United States represent the largest apparel markets while the strongest annual growth is forecast to occur in Tanzania (17.5%), Bangladesh (14.3%), Ethiopia (13.4%), Cambodia (13.1%) and Yemen (12.6%).
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential apparel markets in the coming years are:
The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for apparel in the world and individually for the following countries:
Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Botswana, Brazil, Bulgaria, Cambodia, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Ethiopia, Finland, France, Georgia, Germany, Ghana, Greece, Hungary, Iceland, India, Indonesia, Iran, Ireland, Israel, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Lithuania, Malaysia, Mexico, Netherlands, Norway, Oman, Panama, Paraguay, Peru, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Senegal, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Switzerland, Tanzania, Thailand, Turkey, Ukraine, United Kingdom, United States, Uruguay, Yemen
The reports include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
The latest market data for this research include:
- Overall apparel market size, 2007-2018
- Apparel market size by product segment, 2007-2018
- Growth rates of the overall apparel market and different product segments, 2007-2018
- Shares of different product segments of the overall apparel market, 2007, 2013 and 2018
- Market Potential Rates of the overall apparel market and different product segments
The product segments discussed in the reports include:
- Babies' garments
- Menswear
- Womenswear
- Gloves and mittens
- Headgear
- Other garments
- Clothing accessories
- Parts of garments and clothing accessories
The report s help answering the following questions:
- What is the current size of the apparel market in the world and in different countries?
- How is the apparel market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?
