The fashion industry took a huge blow from the pandemic in the US, but what’s the situation in other countries? Here are some stats published in 2020 that illustrate the state of the fashion industry across the world before and during the pandemic, as well as the state of employment.
24. China accounted for 90% of the total sales growth of the personal luxury goods market in 2019.
There’s been significant analysis of the consumption of luxury fashion in China. One of the shocking fashion industry trends published in 2020 confirmed that 90% of the total industry sales in 2019 was attributed to Chinese consumers. They even outshine the Americans and Europeans in buying luxury goods.
Analysts shared that younger Chinese consumers had enough spending power that averages $6,000 per person before the pandemic. Even if the Chinese aren’t typically extravagant spenders, they prefer purchasing goods that boost their social status.
25. Nigeria imports $4 billion worth of ready-made clothing and textiles every year.
One of the surprising Nigerian fashion industry statistics tells how the country used to be the home of Africa’s largest textile business. Between the ‘70s and ‘80s, Nigeria was employing over 450,000 people in its over 180 mills. During this time, the textile, cotton, and garment subsector were the largest employer next to the public sector, employing more than 25% of the manufacturing workforce.
Today, Nigeria is still one of the important players in the textile industry in Africa. The amount of ready-made clothing and textiles it imports amount to a colossal $4 billion.
26. Canada’s apparel market is one of the largest globally, with sales amounting to $28.04 billion in 2019.
(Just Style) (Statista)
Canadian fashion industry statistics highlighted the country’s robust apparel market. By retail sales, Canada’s clothing market was 40% to that of Germany and 80% to that of France. This proves how well-established the industry is in the country.
Canada Goose, a winter clothing company, is one of the key brands in the market, manufacturing jackets that can cost up to $1,550. According to Statista, the global revenue of this company alone amounted to nearly CA$958 million.
27. Revenue in the Philippines’ apparel market is expected to reach $2.11 billion by the end of 2021.
The fashion industry in the Philippines published statistics that reveal an optimistic outlook for the domestic fashion market. Generally, the market is set to hit $2.11 billion. Women’s apparel will remain the largest segment, with a market volume of $975 million.
There will also be an increase of $19.04 per individual revenue in 2021. Overall, people’s affinity to fashion and the growing number of middle-income families will contribute to the booming industry.
28. Australia’s clothing retail industry saw an 8.5% decline because of the pandemic.
A previous fashion industry Australia statistics revealed that the clothing retail industry experienced a minuscule 0.4% increase between 2019 and 2020. With the onset of the COVID-19, the predicted slight growth was adjusted to an enormous decline of 8.5%.
Even if things start to get better for other nations after the pandemic, analysts believe that no significant change would be occurring in the industry this year for Australia. Therefore, the market will most likely be moving sideways as it continues to deal with the pandemic’s impact.