Global Garment Industry Statistics 2017

Now valued at nearly $1. In China, where cheap fashion manufacturers. Bangladesh’s garment industry is a global powerhouse — second only to China in the value of apparel exports. 5% per year. The industry needs to get regular orders from international buyers in order to thrive. In 2016, the total value of the U. 6% of the industry's overall value. textile industry has cemented its position in the global market. NEW YORK, June 25, 2018 /PRNewswire/ -- This report analyzes the worldwide markets for Denim Jeans in US$ Million and Million Pairs. It also proposes solutions to inspire hope for a more sustainable future. Product categories include everything from basics, such as underwear, to luxury items, for example, cashmere sweaters and alligator-skin handbags. It is global, progressive, and realistic, and assists in more mature supply chain dialogues than the neo-colonialist audit system. Excluding the trade with the UAE, India’s apparel exports are estimated to have stood 3-4% higher in 10M FY18. To view more of our data, click the Free Membership button below. Business guide to industry research. Fashion Industry Statistics Data Number of Fashion Designer Jobs Held in 2013 19,300 Median Annual Earnings for salaried fashion Designers $62,610 Number of people employed in the fashion industry 4,200,000. The International Trade Administration, U. It's a comprehensive magazine for textile, apparel & fashion industry. market in 2017 less than half in 2018, while sales in Asia, Latin America, the Middle East and Africa combined will rise above 50 per cent and continue to increase in subsequent years. The EU represents more than 35% of the global market, which encompasses formalwear, essentials, active wear, outerwear and casual wear. 84 % in 2 Q 2019 sequntially, while Revenue increased by 4. apparel market — both online and offline — was $200 billion, with Amazon claiming about $3. Global fashion sales, an indicator of demand for apparel manufacturing, are projected to increase by between 3. domestic production accounts for less than 3% of retail sales. The global sports and fitness industry is predicted to touch 300 billion in the coming few years. While more than half of the population in most of the countries we studied lived on less than $2 per day, in 90 percent of the countries working a ten hour day in the apparel industry would lift a worker above, and often far above, that standard. The United States Fashion Industry Association (USFIA) represents the fashion industry: textile and apparel brands, retailers, importers, and wholesalers based in the United States and doing business globally. Global Supply Chain Report 2017 Explore how purchasers and suppliers are working together to improve sustainability across global supply chains and taking advantage of low-carbon opportunities Download the report 3MB. Fashion industry statistics Australia 21 billion Australian dollars Employment in textile, clothing, leather and footwear manufacturing: 37,000. Forecast of China textile and apparel industry 2016-2019, given the current climate in Asia’s textile and garment sector, China Textile and Apparel Industry Report 2016-2019 indicates that for the foreseeable future, China will remain the leading textile and apparel sourcing country. Textile and Apparel Manufacturing industry has lost millions of jobs to outsourcing since the 2000s. Textiles and Garments. This acute growth rate will surely cement the future of the compression garments industry. 4 percent in 2017, according to the International Monetary Fund. Permission to make digital or hard copies of any information contained in these web pages is granted for personal or classroom. Based on the Fashion Clothing industrial chain, this report mainly elaborate the definition, types, applications and major players of Fashion Clothing market in. Global demand for manufactured products is growing at a snail's pace. 3 billion in U. Looking for country statistics? NationMaster gives access to market sizing and trends across 300 industry verticals and a global coverage. The production in this industry is divided among a few different companies, however, no single firm has large enough share of the market to be able to influence the industry's direction or price levels. textile industry has cemented its position in the global market. 1 Value Chain of Garment in Vietnam 25. The collapse of the Rana Plaza factory building in. 4 percent in 2017, according to the International Monetary Fund. Though ready-to-wear clothing was once a cottage industry, the Industrial Revolution changed the way we shop and dress. garment industry. Vietnam and Bangladesh have shown remarkable success. Global brands and donors attending the February 25, 2017 Dhaka Apparel Summit hosted by the country's garment export association should call on the government to stop all persecution of union. According to the Indian Brand Equity Foundation (IBEF), “The close linkage of the textile industry to agriculture (for raw materials such as cotton) and the ancient culture and traditions of the country in terms of textiles make. Last week I was lucky to attend the Sydney screening of new fashion documentary The True Cost. 4 billion of that, a new report from One Click Retail has found. 3 billion, even as the number of workers and registered exporting factories fell. 415 2nd St. The global apparel and footwear market reached US$1. Rework is a vital issue for poor quality product and low production rate. All four BRIC nations appear among the top markets having a cumulative share of approximately 23 per cent. trillion wellness economy—and its 10 sectors—are the foundation of the Institute’s goal to empower wellness worldwide. To view more of our data, click the Free Membership button below. The Global Grippers Market is projected to reach USD 1091. 2020 edition of Vietnam Saigon Textile & Garment Industry Expo will be held at Saigon Exhibition and Convention Center, Ho Chi Minh starting on 08th April. 8 percent in January from a year earlier. Manufacturing. Download sample data. From its inception Textile Today has already created a good impression and strong reputation in global market. As for the global scenario, apparel trade has remained subdued for the third consecutive year, expanding by just 1% in the calendar year (CY) 2017 on a low base, following a 2% and 5% decline witnessed in CY2016 and CY2015 respectively. The Rana Plaza collapse in Bangladesh is the consequence of such non-compliance. 2 million Bangladeshis are employed in this industry, of which 80% are women. The global textile and garments industry : the role of Information and Communication Technologies (ICTs) in exploiting the value chain (英语) 摘要 The global textile and garment sector has been in a state of flux since January 2005, when almost four decades of restrictions on trade formally came to an end with the demise of the Multi-Fibre. Approximately, 2. Apparel dollar sales across women, men, and children grew by 3 percent last year, reaching $218. India’s Standing in Global Textile and Apparel Industry by TSS · Published March 20, 2018 · Updated April 2, 2018 The textile and apparel industry is one of the leading segments of the Indian economy and one of the largest sources of foreign exchange earnings for India. Global online retail sales are estimated to reach 8. 5 trillion in annual apparel and footwear revenues in 2016,2 it employs around 60 million people along its value chain. As Turkey’s export-oriented textile and apparel industry is starting to thrive, Turkey’s cotton demand is also soaring, and is expected to reach 6. Industrial manufacturers inhabit a world littered with uneasiness. Recognized as one of the most consistently accurate forecasting company in the world, GIA currently serves more than 9,500 companies from 36 countries worldwide. New York garment industry was nominated by the Jews and Italians by 1914, but with the immigrants there were seen many rise and fall in the garment industry. 415 2nd St. 05 billion, a year-on-year increase of 2. 44% during the forecast period of 2017 to 2024. 2 trillion global industry, with more than $250 billion spent annually on fashion in the United States, according to industry analysts. A lot of changes have been taking place in the global garment industry. 1 Value Chain of Garment in Vietnam 25. It is considered to be the largest garment-factory disaster in history, and it exposed the working conditions of the Bangladesh textile industry and the true cost of fast fashion. 0 Investment in Vietnam Textiles and Garments Industry 24 4. With those trainees, he set up the first factory "Desh Garments" to produce garments for export. 4 billion, accounting for 40. Global Women's Clothing Industry Analysis In the global women's clothing industry , clothing retailers account for the largest share of the market at almost 65% in terms of value. Chains such as H&M and Zara first popularized fast fashion in the early 2000s. In Thailand, the garment industry is the largest export industry, accounting for 60 per cent of total exports (NSO 2012). Our system offers a massive amount of vital industry data and market research. The global marketplace requires flexibility, dexterity, market knowledge and speed to address the nuances of evolving consumer preferences, regional trends and economic. Of course the global financial and economic crisis in 2008/2009 (also referred to as the Great Recession), the worst since the Great Depression in the 1930s, had a negative effect on the global economy in general and the global textile industry in particular. The industry classifications include the North American Industry Classification System (NAICS) Canada and the Standard Industrial Classification (SIC). Get up to speed on any industry with comprehensive intelligence that is easy to read. Stimulated by WWI, the industry expanded rapidly until the depression in the thirties. Roughly 20 pieces of clothing per person are manufactured each year. Find helpful customer reviews and review ratings for Sewing Hope: How One Factory Challenges the Apparel Industry's Sweatshops at Amazon. Global Sportswear Market: Industry Analysis & Outlook 2017-2021: Published: February 24, 2017: Content info: 84 Pages. The ready-made garment industry now accounts for a whopping 80 percent of Bangladesh's exports, making the country the third largest exporter of garments in the world. 4% between 2013 and 2017. 2 trillion global industry, with more than $250 billion spent annually on fashion in the United States, according to industry analysts. The global garment industry is a major generator of jobs, exports and economic growth. From a product standpoint, most leading Sri Lankan manufacturers have felt the need to extend their offering beyond product development into design services and innovation. 38am EST Rebecca Prentice , Geert De Neve , University of Sussex. Country Report 2017 - Includes Bangladesh real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector. 3% growth last year. A lot of changes have been taking place in the global garment industry. 53 %, this led to improvement in Retail Apparel Industry's Gross Margin to 40. Although the apparel industry is global in nature, the manufacturing facilities from developed countries are shifting to developing countries to reduce the labor cost. 8bn, equivalent to 52. The global apparel and footwear market reached US$1. A study based on an extensive literature review and a survey of operators in the labor‐intensive ready‐made garment industry in Bangladesh examined the impact of an organization's ethical climate on employees’ intention to leave. The Global Textile and Clothing Industry post the Agreement on Textiles and Clothing by Hildegunn Kyvik Nordås1 World Trade Organization Geneva, Switzerland Disclaimer and citation guideline Discussion Papers are presented by the authors in their personal capacity and opinions expressed in these papers should be attributed to the authors. The report provides key statistics on the market status of the Garment Finishing Machine manufacturers and is a valuable source of guidance and direction. The report covers the market landscape and its growth prospects over the coming years. The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more. 9, 2017 /PRNewswire/ -- Summary Global Apparel & Non-Apparel Manufacturing industry profile provides top-line qualitative and quantitative summary information including: market size. Ready-made garments (RMG) exports from India stood at Rs 52,810. manufacturing sector with a focus on technology, operations, leadership, supply chain and workforce. The industry began to grow at the turn of the 20th century, until the production of cotton yarn made up about 20% of China's total modern industrial output in that century. After more than forty years of trade with import quotas, the textiles and clothing sector eventually be-came subject to the general rules of the WTO from January 1, 2005. The EU market of the garment sector is mainly driven by small and medium enterprises via multiple of diverse distribution channels (even though most famous retailers and brands are often large companies, whereas the global market of the garment sector is driven by large buyers, such as manufacturers, retailers and brands, setting up multi. The current global apparel market is estimated at $1. The film examines destruction of our rivers, effects on humanity, and the changes needed in the garment industry. 2 trillion global industry, with more than $250 billion spent annually on fashion in the United States, according to industry analysts. They are constantly exposed to industry trends and innovations, maintain a working… Save job · more. Here are a few techniques and practices that could be implemented in the apparel industry for achieving the overall performance and productivity. Global Women’s Clothing Industry Analysis In the global women’s clothing industry , clothing retailers account for the largest share of the market at almost 65% in terms of value. The total U. 5 trillion in annual apparel and footwear revenues in 2016,2 it employs around 60 million people along its value chain. The rapid growth of Bangladesh’s apparel industry has been facilitated by the emergence of global value chains (GVCs) connecting local suppliers with global buyers. This case study is based on desk research on PVH, the textile industry and Ethiopia’s investment strategy, testimonies and speeches of corporate executives and government officials; and extensive interviews with the relevant actors. Conditions in Bangladesh’s garment industry are not so different from those at the Triangle factory. It has since spread throughout the entire clothing industry. Pakistani fashion garment industry is able to offer a large volume of its products for export. USAID Supports Kyrgyzstan’s Apparel Industry Debut in Paris Monday, October 2, 2017 The delegation met with more than 50 prospective buyers during the exhibition and discussed opportunities for possible cooperation. Global Textile and Apparel Exports by Income Groups (2000-2015) U. The global apparel industry includes producing clothing for infants as well. Textile and Apparel industry of Malaysia main textile sector such as spinning, textile processing, weaving, knitting, made up readymade garment and finished textile cloth products. Indeed, Mintel's Online Fashion UK 2017 Report reveals that this year Brits are set to spend an impressive £16. The survey found that several practices by international buyers encourage a “race to the bottom” among suppliers. Apparel Industry Task Force. We first consider the relationship between wage and employment growth, finding no consistent trade-off between them. It shows average year-over-year sales growth. Here, the discussion is made based upon the literature review of scientific and non-scientific literature which was related to traceability and sustainability in textile. Stimulated by WWI, the industry expanded rapidly until the depression in the thirties. Now valued at nearly $1. LONDON, Oct. The Arbitration Council is an independent, national institution with quasi-judicial authority derived from the Labour Law of Cambodia. To get more detailed industry market research, be sure to check out Plunkett's Apparel & Textiles Industry Almanac 2017, which provides industry trends analysis, market data and forecasts, competitive intelligence, and in-depth profiles of hundreds of leading companies. SEMINAR ON THE FASHION & GARMENT INDUSTRY AND ECONOMIC DEVELOPMENT IN THE CARIBBEAN ST. In its latest bulletin on the country’s all-important garment sector, the International Labor Organization (ILO) looks into why exports continued their strong growth last year, rising 7. This is evident in the super-exploitation of workers in the global garment industry where safety and health are disregarded until a horrible disaster unleashes workers’ fury and world outrage, sometimes bringing reforms. The fashion industry is the world’s second most polluting industry, after oil. Representing more than 1,000 world famous name brands, we are the trusted public policy and political voice of the apparel and footwear industry, its management and shareholders, its nearly four million U. Industry market research reports, statistics, analysis, data, trends and forecasts. More than 2,000 young women work in this. 25 shocking fashion industry statistics. From then, the industry can produce raw materials for textile and garment industry, while still protecting the environment and forming the textile-garment-accessories chain in each region. GAP sector is acting as a backward linkage industry of RMG as well as other export oriented industries like: Frozen food, Pharmaceuticals, Ceramics, Leather goods, Vegetables etc. The rapid growth of Bangladesh’s apparel industry has been facilitated by the emergence of global value chains (GVCs) connecting local suppliers with global buyers. 5 trillion in annual apparel and footwear revenues in 2016,2 it employs around 60 million people along its value chain. 3% growth last year. the technology is relatively accessible and affordable; there is a large global market to compete in. WTiN Insight is set apart from news content as it discerns the importance of changes and developments in the supply chain. their participation in the global apparel sector. Growth of the multi-trillion-dollar apparel industry has been fed by "fast fashion," which makes clothing cheaply and quickly with a low price-tag. As per the Global Textile and Apparel Industry: Vision 2015, World textile and apparel trade is expected to reach US$805bn by 2015 from US$650bn in 2010. 5% in 2018, according to McKinsey & Company's State of Fashion 2018 report. Trade organization of Cambodian apparel and fashion manufacturers, involved in representation, personnel training and education. One of the world’s largest consumer industries,1 generating €1. The global textile industry includes textile production, refinement, and retail garment sales. She has spent 12 years consulting the largest brands and manufacturers of apparel around the globe to save their cost. As early as 1860 the manufacture of ready-to-wear clothing became one of Cleveland's leading industries. 2017 Together with 8 NGOs and Global Trade Union Federations, Clean Clothes Campaign UK reached out to over 70 brands to sign a Transparency Pledge, promising to disclose information about their supply chain before December 2017. 84 % in 2 Q 2019 sequntially, while Revenue increased by 4. 2/16/2017 "Rather than acting as savior or seeking to educate in a condescending way, Moore creates an opportunity for conversation, making it clear that these are pervasive, global problems with global impact. From its inception Textile Today has already created a good impression and strong reputation in global market. exports in 2018. There are more than 500 garment-recycling companies in the U. WHAT: Press conference to release report, "Cotton: The Fabric Full of Lies -- A report on forced and prison labor in Xinjiang, China, and the Nexus to Global Supply Chains. "The used-clothing industry is going through an extremely difficult period both here in the U. Industry news. We are a worldwide resource for high quality used textiles, consignment inventory, shoes and accessories, as well as used hard toys, used soft toys and recycled industrial wiping rags, with buyers in more than 40 countries. Uganda’s clothing industry has been dominated by secondhand garments for decades – until the government debuted an initiative to help boost local production. Employment. Nevertheless the U. 2017 Retail Industry Trends In short Many retail executives may take a dim view of conventional "showrooming" — visiting a store before making a purchase online — far from seeing it as the solution to big challenges. The Market Publishers, Ltd - world's largest market research reports database with more than 1. Industry Insights. Garment production is seen as a sequence of production steps which neatly follow one after the other. 21 hours ago · Nutrigenomics Market 2018 Global Industry Share, Key Players, Size, Growth, Trends, Suppliers, Statistics, Sales and Regional Forecast To 2023 November 4th, 2019 Market Research Future Releases. The market research report on global apparel and footwear market is a study of footwear and apparel industry worldwide, which is segmented on the basis of product type and geography with data on market size, market dynamics, market share analysis, supply chain analysis and key vendor profiles, prices and trends. Though the sports apparel market for the aging population as well as women is currently small, but promises ample opportunities for the industry participants to capture this previously untapped market. 25 shocking fashion industry statistics. - The global apparel retail industry is expected to generate total revenues of $1,416. However, the Sri Lankan apparel industry has set a goal to of figuring in the list of top 10 garment manufacturing countries in the world by the. In this article I will discuss various departments in apparel manufacturing industry. Global Sterile Clothing Market Growth Analysis, Share, Types and Analysis of Key Players- Research Forecasts to 2025. As we shall see this image is overly simplified and does not adequately depict the reality 2017 of today’sgarment production. Of course the global financial and economic crisis in 2008/2009 (also referred to as the Great Recession), the worst since the Great Depression in the 1930s, had a negative effect on the global economy in general and the global textile industry in particular. fashion and apparel industry, and about 40 percent of all salaried fashion designers are employed there. Child labor is also a major issue within the apparel industry; the International Labor Organization estimates there are around 170 million children involved in child labor in the apparel industry in order to meet the demanding production needs of the U. Amidst new global initiatives to promote garment workers’ health and safety following a spate of deadly factory disasters across the Global South, this critical review calls for an expanded research agenda that looks beyond the workplace to examine the complex politics, spatialities, and temporalities of garment workers’ health and wellbeing. 1 trillion by 2025. The global sports and fitness industry is predicted to touch 300 billion in the coming few years. especially true of clothing, the focus of this report. In addition to opportunities to further bolster the success of existing initiatives, this paper proposes three critical areas for global apparel sector investment—in collaboration with other sectors—to boost the economic empowerment of women workers. Retail Apparel Industry Working Capital Per Revenue Statistics as of 2 Q 2019 Working Capital Per Revenue Comment On the trailing twelve months basis Retail Apparel Industry 's Working Capital Per Revenue sequentially decreased to 0. 5 million in 2014 to as much as $12 billion in 2020. The government has emphasized the need to support youth athletic participation, develop sports infrastructure and business overall, with plans to build 60% more sports facilities by 2025 and get 500 million of its citizens to exercise and play sports regularly, says Edward Lui, who covers China's consumer industry for Morgan Stanley. Industrial Engineering in the Industry 4. Find industry analysis, statistics, trends, data and forecasts on Global Apparel Manufacturing from IBISWorld. In 2017, India's share in global trade of textiles and apparels was approximately 5 per cent. But a major turnover was notice by the end of 1940 when most Africans opened garment workshops. Stats SA takes a look at five facts that you might not have known about the retail trade industry. 5 to 7 years of experience in apparel design in the outdoor apparel industry. Leading Wellness Industry Research The Global Wellness Institute initiates, analyzes and trumpets authoritative wellness industry research. Innovation is a key focus of the apparel industry. Industry news. positive for the continued success of Thailand's apparel industry in the global arena. 2% of the global garment industry, which means it is still not among the top 10 garment manufacturing countries in the world. industry is a globally competitive manufacturer of textile raw materials, yarns, fabrics, apparel, home furnishings, and other textile finished products. The Rana Plaza collapse in Bangladesh is the consequence of such non-compliance. textile and apparel imports (updated February 2018) US Textile and Apparel Industry and NAFTA: Key Statistics (updated July 2017) EU Textile and Apparel Trade. 50% between 2017 and 2023. 4 A number of garment-producing counties like China, India, Indonesia and Vietnam have different minimum wages in different provinces/regions/ jurisdictions. 3 Recent Trend in FDI in Vietnam 24 5. According to Statistics Canada, in 2017 60% of Canadians were considered obese or overweight. Unmaking the Global Sweatshop gathers the work of leading anthropologists and ethnographers studying the global garment industry to examine the relationship between the politics of labor and initiatives to protect workers' health and safety. 21) 75% of world’s fashion market is in Europe, USA, China, and Japan whereas the global fashion apparel industry. The global apparel industry, including online and brick-and-mortar sales, loses $100 billion each year across the ecosystem due to based on poor fit. globalEDGE is a gateway to specialized international business research knowledge on countries, cross-border business transactions, and cross-cultural management. Employment. Investments, knowledge to fuel growth of US textile and apparel industry "Once a booming market for jobseekers, employment in the US textile and apparel industry is currently on a rapid decline. In December 2017, U. In FY2007, a total of US$9. On the trailing twelve months basis gross margin in 2 Q 2019 grew to 37. As a result, global clothing production has more than tripled since 2000. This publication includes statistics for household expenditure on clothing and footwear. the fashion industry, as the production of clothes requires materials such as cotton (Müller-Christ & Gandenberger, 2006). now on statista. Across the board, clothing is among the most purchased items online in the Chinese mainland where online retail sales of clothing saw a 20. Textiles and Clothing Trade: What Perspectives for Africa, November 2004, by Matthias Knappe. Shanghai, China - It's that time of the year again when Shanghai becomes a point of intersection between East and West for the global apparel fabrics and accessories industry. How Will Trump’s Trade War Affect The Global Apparel Industry? If we look at the US market, 48. We're standing up to change that. In 2016, the total value of the U. The ASBCI is a unique association in that our members represent connections with and knowledge of all the key sectors of the industry. INTRODUCTION For a long time, textile and clothing have played an important role in the economic development of the country. The report "Global Athletic Apparel & Footwear Wholesale Market: Industry Analysis & Outlook (2017-2021)" analyses the development of this market, with focus on the US, Europe and Asia Pacific. the Global textIle anD Garments InDustry: The Role of InfoRmaTIon and CommunICaTIon TeChnologIes (ICTs) In exploITIng The Value ChaIn Information and Communication Technology (ICT) has an important role to play as developing countries adjust to the new era. Workers endured long hours, low pay at Chinese factory used by Ivanka Trump’s clothing-maker. business news and developments affecting global performance apparel markets, majoring on innovations, mergers and acquisitions, investments, joint ventures, and financial performances. Valued at $1. Apparel was among the first industries to be lost to offshore manufacturing. the Collaborative PTS system in garment industry Executive Summary Usually in CM and CMT based garment manufacturing business every negotiation between the client and manufacturer revolves around the question of price, in fact it refers to the model's execution time. Textile and Apparel Manufacturing industry has lost millions of jobs to outsourcing since the 2000s. Deep Dive The 7 trends that will shape apparel retail in 2017 Technology, integration, innovation and personalization will be all the rage in fashion retail during the year ahead. A great number of studies have suggested economic growth is by far the most effective and reliable predictive factor for apparel consumption. The collapse of the Rana Plaza factory building in. Critical Issues Factory List These pages show compliance on the 21 critical issues listed below, and are based on factories' most recent assessment (since 1 Oct 2013). 5 million jobs in the garment industry by 2020 compared with approximately 230,000 in mid-2015, and that garment exports could rise from $1. 55% from 2018-2025. 21 hours ago · Nutrigenomics Market 2018 Global Industry Share, Key Players, Size, Growth, Trends, Suppliers, Statistics, Sales and Regional Forecast To 2023 November 4th, 2019 Market Research Future Releases. Though the sports apparel market for the aging population as well as women is currently small, but promises ample opportunities for the industry participants to capture this previously untapped market. industry (sales revenue, net profit to investment), as a result of the overall slowdown of the domestic economy. A lot of changes have been taking place in the global garment industry. However, due to a series of development pains in China, such as economic slowdown, structural transformation, the increase in labor prices, the fluctuations of raw material prices etc, China's textile industry is standing at the. 05 EDT Last modified on Mon 2 Jul one of the commercial hotspots of global fashion retail - not with its latest collection, but with waste garments en route to a recycling. apparel industry's ability to meet DoD requirements through research, development, and technology transfer for the apparel and related industries, such as distribution, equipment, and materials suppliers. for youth of Karachi in the garment and textile industry- to help more than 13,000 young men and women towards a better future. 605,100 – 700,0002 Gender in garment industry (2016): Women make up around 90% of garment workers3 Garment % of total exports (2015): 80%4. across the world. In 2016, the value of U. their participation in the global apparel sector. 3 billion, even as the number of workers and registered exporting factories fell. Turkey's textile and apparel exports are approaching $30 billion annually, while $7. However, according to CRI, garment raw materials and equipment still depend heavily on import for the industry chain is not perfect. In 2017, the industry was being valued at US$ 3 trillion which also includes the production, refinement as well as the sale of synthetic and natural fibers used in various industries. 1bn in 2017, representing a compound annual growth rate (CAGR) of 4. "The apparel sector is one where there's a lot of uncertainty about what exactly the impacts are," said Nate Aden, senior fellow at the World Resources Institute, at a panel discussion on climate. For credit ratings that are derived exclusively from an existing credit rating of a program, series, category/class of debt, support provider or primary rated entity, or that replace a previously assigned provisional rating at the same rating level, Moody’s publishes a rating announcement on that series, category/class of debt or program as a whole, on the support provider or primary rated. 3 billion population constitutes a huge market for garments, and one that is growing year by year. But a major turnover was notice by the end of 1940 when most Africans opened garment workshops. Additional statistics on international trade, production, retail markets and industry structure are available at request via Matthijs Crietee. But about 135,000 jobs were lost between 2007-2017 as a result of rising competition, both within the region and from Asia, along with the financial crisis, and. #Clothing industry. 9% compound annual growth rate (CAGR) between 2009 and 2013. Global Garment Industry Factsheet Lina Stotz & Gillian Kane 1 Facts on The Global Garment Industry 1. May 12, 2017 · The industry of inequality: why the world is obsessed with private security They often wear uniforms that resemble police clothing and in some countries, including Spain and Italy, private. The NPD Group has the largest POS footprint in the industry. Fact 1: South Africans spent R31 900 per second in retail stores in 2017. About this project This quiz is part of Across Women's Lives "Wear and Tear" series. On Sunday, November 19, 2017, twenty cities worldwide will premiere the award-winning film. Apparel consumption in top 8 economies constitutes approximately 70 per cent of the global consumption. 88 Sometimes, e. This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. As the 2016 Theatrical Market Statistics Report confirms, yet again, movies continue to play a vital role in our lives and our cultures. 11%; the total export volume of textile and apparel products stood at USD124. workers, and its contribution of more than $400 billion in annual U. industry, and ensuring fair trade and compliance with trade laws and agreements. Bangladesh Development Conference 2015 Register here. 40 billion by end of 2023, growing at a CAGR of around 5. Of course the global financial and economic crisis in 2008/2009 (also referred to as the Great Recession), the worst since the Great Depression in the 1930s, had a negative effect on the global economy in general and the global textile industry in particular. Valued at $1. The NPD Group has the largest POS footprint in the industry. Today, according to the 2015-2016 State of the Global Islamic Economy Report, Muslim consumers spend an estimated $230bn on clothing, a number that is projected to grow to $327bn by 2019 - larger. A lot of changes have been taking place in the global garment industry. To compare: in 2000 only 20 million people were employed in the industry. Bangladesh is the world's second-largest apparel exporter behind China. History of Sri Lanka Textile & Apparel Industry: The textile and clothing industry had emerged from a modest beginning in the early 1950s A few pioneering industrialists who started out on an uncertain course at this time , confident their manufacture to only some popular items of garments and catered essentially to local demand. Technavio's report, Global Yoga Apparel Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. ) Free Preview. Bangladesh fights for future of its garment industry. 73 billion USD in 2017. 0% or by $427 million since 2011. Having set such an ambitious strategy, it is important for the country to take a look at many factors to increase the rate and stage of development. FDI positions by industry - Template A. Analysis of 2017 global apparel… Facing the global luxury fashion industry from brand leading to consumer dominated, last year, it became the key node of the transformation of retail brands. All four BRIC nations appear among the top markets having a cumulative share of approximately 23 per cent. 2018 USITC Trade Shifts Report (Textile and apparel sector) Patterns of U. The 2017 Budget proposals *have the following expected positives. 7 to 10 hours a day. The Universal Declaration of Human Rights. The EU market of the garment sector is mainly driven by small and medium enterprises via multiple of diverse distribution channels (even though most famous retailers and brands are often large companies, whereas the global market of the garment sector is driven by large buyers, such as manufacturers, retailers and brands, setting up multi. On April 24, 2013, the dark side of the industry was laid bare with the collapse of the Rana Plaza building, the worst accident in the history of the garment industry. Industry analysis from over 900,000 market research reports and 400,000 company reports World's largest and most respected Market Research resource. Global fashion sales, an indicator of demand for apparel manufacturing, are projected to increase by between 3. 6 billion a year producing goods for Western clothing firms, but workers often work long. In addition to the monetary loss, there are hundreds of thousands of tons of material waste from returns, including fabric, wash, gas through shipping and logistics. In recent decades, the fashion industry has been an engine for global development. On the trailing twelve months basis gross margin in 2 Q 2019 grew to 37. The performance of Asia-pacific regions like China, India, Hong Kong, Philippines, Indonesia, and Bangladesh in the apparel sector. FASH455 Global Apparel & Textile Trade and Sourcing, Minimum Wage in the Apparel Industry Continues. Canada The only international sourcing event focused on the Canadian and North American Apparel and Textile sectors. 2017 Retail Industry Trends In short Many retail executives may take a dim view of conventional "showrooming" — visiting a store before making a purchase online — far from seeing it as the solution to big challenges. The world childrenswear market is expected to. 2 Second to oil, the clothing and textile industry is the largest polluter…. According to the latest data from MarketLine: * The US apparel industry brought in a value of $371. In 2017, India's share in global trade of textiles and apparels was approximately 5 per cent. segments and product categories, highlighting the top priorities. remains the largest market for the Vietnam textile and garment industry. manufacturing sector with a focus on technology, operations, leadership, supply chain and workforce. The film examines destruction of our rivers, effects on humanity, and the changes needed in the garment industry. Frank Hoffer. Though ready-to-wear clothing was once a cottage industry, the Industrial Revolution changed the way we shop and dress. Vietnam Garment Manufacturing Industry Report 2016 - In 2016, the Minimum Wage of Garment Manufacturing Industry in Vietnam is About USD 108 (2. 1 Almost 75% of the world’s fashion market is concentrated in Europe, USA, China and Japan. AGENDA/SPEAKERS:. Critical Issues Factory List These pages show compliance on the 21 critical issues listed below, and are based on factories' most recent assessment (since 1 Oct 2013). 91% yearly growth over the next three years. All this factor decides what parts of garment can be sewn at that station. 4% between 2013 and 2017. The fact-checkers, whose work is more and more important for those who prefer facts over lies, police the line between fact and falsehood on a day-to-day basis, and do a great job. Today, my small contribution is to pass along a very good overview that reflects on one of Trump’s favorite overarching falsehoods. Namely: Trump describes an America in which everything was going down the tubes under  Obama, which is why we needed Trump to make America great again. And he claims that this project has come to fruition, with America setting records for prosperity under his leadership and guidance. “Obama bad; Trump good” is pretty much his analysis in all areas and measurement of U.S. activity, especially economically. Even if this were true, it would reflect poorly on Trump’s character, but it has the added problem of being false, a big lie made up of many small ones. Personally, I don’t assume that all economic measurements directly reflect the leadership of whoever occupies the Oval Office, nor am I smart enough to figure out what causes what in the economy. But the idea that presidents get the credit or the blame for the economy during their tenure is a political fact of life. Trump, in his adorable, immodest mendacity, not only claims credit for everything good that happens in the economy, but tells people, literally and specifically, that they have to vote for him even if they hate him, because without his guidance, their 401(k) accounts “will go down the tubes.” That would be offensive even if it were true, but it is utterly false. The stock market has been on a 10-year run of steady gains that began in 2009, the year Barack Obama was inaugurated. But why would anyone care about that? It’s only an unarguable, stubborn fact. Still, speaking of facts, there are so many measurements and indicators of how the economy is doing, that those not committed to an honest investigation can find evidence for whatever they want to believe. Trump and his most committed followers want to believe that everything was terrible under Barack Obama and great under Trump. That’s baloney. Anyone who believes that believes something false. And a series of charts and graphs published Monday in the Washington Post and explained by Economics Correspondent Heather Long provides the data that tells the tale. The details are complicated. Click through to the link above and you’ll learn much. But the overview is pretty simply this: The U.S. economy had a major meltdown in the last year of the George W. Bush presidency. Again, I’m not smart enough to know how much of this was Bush’s “fault.” But he had been in office for six years when the trouble started. So, if it’s ever reasonable to hold a president accountable for the performance of the economy, the timeline is bad for Bush. GDP growth went negative. Job growth fell sharply and then went negative. Median household income shrank. The Dow Jones Industrial Average dropped by more than 5,000 points! U.S. manufacturing output plunged, as did average home values, as did average hourly wages, as did measures of consumer confidence and most other indicators of economic health. (Backup for that is contained in the Post piece I linked to above.) Barack Obama inherited that mess of falling numbers, which continued during his first year in office, 2009, as he put in place policies designed to turn it around. By 2010, Obama’s second year, pretty much all of the negative numbers had turned positive. By the time Obama was up for reelection in 2012, all of them were headed in the right direction, which is certainly among the reasons voters gave him a second term by a solid (not landslide) margin. Basically, all of those good numbers continued throughout the second Obama term. The U.S. GDP, probably the single best measure of how the economy is doing, grew by 2.9 percent in 2015, which was Obama’s seventh year in office and was the best GDP growth number since before the crash of the late Bush years. GDP growth slowed to 1.6 percent in 2016, which may have been among the indicators that supported Trump’s campaign-year argument that everything was going to hell and only he could fix it. During the first year of Trump, GDP growth grew to 2.4 percent, which is decent but not great and anyway, a reasonable person would acknowledge that — to the degree that economic performance is to the credit or blame of the president — the performance in the first year of a new president is a mixture of the old and new policies. In Trump’s second year, 2018, the GDP grew 2.9 percent, equaling Obama’s best year, and so far in 2019, the growth rate has fallen to 2.1 percent, a mediocre number and a decline for which Trump presumably accepts no responsibility and blames either Nancy Pelosi, Ilhan Omar or, if he can swing it, Barack Obama. I suppose it’s natural for a president to want to take credit for everything good that happens on his (or someday her) watch, but not the blame for anything bad. Trump is more blatant about this than most. If we judge by his bad but remarkably steady approval ratings (today, according to the average maintained by 538.com, it’s 41.9 approval/ 53.7 disapproval) the pretty-good economy is not winning him new supporters, nor is his constant exaggeration of his accomplishments costing him many old ones). I already offered it above, but the full Washington Post workup of these numbers, and commentary/explanation by economics correspondent Heather Long, are here. On a related matter, if you care about what used to be called fiscal conservatism, which is the belief that federal debt and deficit matter, here’s a New York Times analysis, based on Congressional Budget Office data, suggesting that the annual budget deficit (that’s the amount the government borrows every year reflecting that amount by which federal spending exceeds revenues) which fell steadily during the Obama years, from a peak of $1.4 trillion at the beginning of the Obama administration, to $585 billion in 2016 (Obama’s last year in office), will be back up to $960 billion this fiscal year, and back over $1 trillion in 2020. (Here’s the New York Times piece detailing those numbers.) Trump is currently floating various tax cuts for the rich and the poor that will presumably worsen those projections, if passed. As the Times piece reported: