Fashion industry worldwide 2022: leading countries | Statista (2024)

FAQs

Fashion industry worldwide 2022: leading countries | Statista? ›

Where does our fashion come from? The United States and China generate substantially higher revenues than any other country. It is no surprise then, that the same two countries play a significant role in international trade. In 2022, the U.S. was second only to the EU in the value of apparel imports.

The United States is leading the ranking by revenue in the apparel market, recording 351.35 billion U.S. dollars.

According to the CEOWORLD magazine's annual ranking of the world's trendiest countries in 2024, France has been named the trendiest country. Canada, Spain, and the United Kingdom followed France and Italy (No. 2) in the rankings.

LVMH Moët Hennessy Louis Vuitton (LVMH) is the industry's biggest player by a wide margin.

Most fast fashion clothes exporters are from developing countries across Asia, such as India, Bangladesh, Vietnam, China, Indonesia, and Cambodia.

Some of the top garment-producing countries are China, Vietnam, Bangladesh, India, Turkey, Italy, Indonesia, the United States, Germany, and Thailand.

The top 10 largest textile export countries in the world are China, India, Germany, Italy, Vietnam, Bangladesh, Turkey, USA, Mexico, and Indonesia. These nations possess access to inexpensive materials, competent labor, and appropriate trade agreements that create job opportunities and revenues.

Called the Big Four, the most prominent fashion capitals of the world—in chronological order of their eponymous fashion weeks, are New York City, London, Milan, and Paris, which receive the majority of press coverage.

Shein now accounts for half of all fast-fashion sales (more than H&M and Zara combined) and is valued at $66 billion.

The fashion industry has a labor force of 3.3 million and a value of 3 trillion dollars, representing 2% of the world's GDP. This shows the size and economic impact of the fashion industry on a global scale. The LVMH Group's Fashion segment saw a record increase of 7.8 million in 2022, compared to 2021.

What countries are the largest fast fashion market? ›

Do Fast Fashion Statistics Vary by Country? 10 countries dominate the market for retail purchasing: China 40 billion, USA 17 billion, India 6 billion, Japan 3.3 billion, Germany 2.2 billion, UK 2.1 billion, Russia 2 billion, France 1.5 billion, Italy 1.3 billion and Brazil 2.3 billion.

United Kingdom. In the UK, retailers, shoppers and the government support the goal of promoting slow fashion. The United Kingdom is first on our list of stylishly sustainable countries for quite a few reasons!

Inditex, the biggest fast fashion group in the world, operates over 7,200 stores in 93 markets worldwide.

New York, London, Milan, and Paris are called “The Big Four,” or the top fashion cities of the world, because of their influence on the fashion industry and strong media presence.

French fashion history's influence began during the reign of King Louis XIV, the Sun King, whose appreciation for fashion and extravagance firmly developed fashion as an industry and made the country a center of the textile trade at the end of the 17th century.