7 thoughts on “Statistics: Global Apparel Market 2018-2022”

  1. These statistics are eye-opening. Of course having been in this class, I’ve come to learn about the importance and the significance that the apparel industry has in the grand scheme of the economy and politics, but being able to put statistics like this to back it up is shocking. The projected numbers for the coming years are amazing, but not entirely surprising. The apparel industry is one that is never going to die – people will always need clothes. I think this is interesting because so often you hear people discussing how “retail is dying” and it is important to note that retail and the apparel industry are two separate things, albeit very intertwined as well. Seeing that the apparel industry is only going to grow in the coming years, how can we improve the retail industry to support and encourage that growth? I think that is what our focus should be on.

  2. After observing these statistics, I surely have a deeper understanding of the textile and apparel industry. The statistics of the nations’ industry is important of us determine the reason of the industry’s pattern. However, I found it even open-minded of the market share statistics. By identify those brands in the chart, I could possibly know more detail of the textile industry. By knowing what products the brands are selling and what kind business operation they are running, I could dig deeper in detail of that particular field. This would definitely help me in the future.

  3. The statistic that spoke to me the most was the fact that India’s estimated apparel value growth rate from 2018-2022 is 8.7% . The flying geese model is the first concept I immediately connected to this statistic, as well as comparative advantage. China and the U.S. are close to hitting their peaks in the T&A industry. It is time for other countries to start to delve into the industry and become more powerful in the industry. The U.S. and China will always be importers of apparel, but we have moved onto more capital intensive products as we have become some of the largest economic powers in the world.

  4. With what I have learned over this course, this data sadly does not surprise me. Clothing is definitely a required necessity for protection and comfort that will no go away. With the advancements in technology and globalization, the fast fashion market has take over the apparel industry. This easy accessibility to cheap mass production has increased the sales in the apparel industry but has also decreased the lifecycle of each clothing item. This of course has led to mass pollution and depletion of natural resources.

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