Fast Fashion Sales Statistics
Fast fashion sales soar online as markets nearly double, driving waste and emissions.
Fast fashion sales are surging from a $43.7B global market in 2021 toward nearly $94.0B by 2030, and with online shopping accelerating too, today’s biggest “sale” numbers are telling a much bigger story than just trendy discounts.
Written byAlexander EserCo-Founder, Rawshot.aiExecutive Summary
Key Takeaways
Fast fashion sales soar online as markets nearly double, driving waste and emissions.
Global fast fashion market size was $43.7B in 2021 and is projected to reach $94.0B by 2030
Fast fashion market size (value) in 2023 was estimated at $83.3B
Fast fashion market size is expected to reach $196.9B by 2030 (from $52.2B in 2022)
Zara parent Inditex net sales were €37.7B in FY 2022
H&M Group net sales were SEK 241.2B in 2023
Shein estimated revenue was $20B in 2022
The global “fast fashion” supply chain is characterized by collections as often as 12 times per year (Zara model)
Zara’s typical turnaround time from design to store shelves is as little as 2 weeks
Zara’s “time from design to delivery” is typically 2 weeks
In 2020, the average clothing consumer in the UK disposed of 34 kg per person per year
In the EU, 5.8M tonnes of textiles were generated in 2018
EU textiles generated were 12.6 kg per person in 2018
Section 01
Company financials (Zara/H&M/etc)
Zara parent Inditex net sales were €37.7B in FY 2022 [1]
H&M Group net sales were SEK 241.2B in 2023 [2]
Shein estimated revenue was $20B in 2022 [3]
Shein estimated revenue was $100B by 2023 [4]
Inditex net sales increased 16.3% to €37.7B in 2022 [5]
Fast Retailing (Uniqlo) FY2023 revenue was ¥2,524.5B [6]
Asos revenue decreased to £3.8B in FY2023 [7]
Boohoo group revenue was £1.0B in FY2023 [8]
Temu revenue estimates exceeded $20B in 2023 [9]
SHEIN was valued at $100B in 2022 [10]
SHEIN planned for 2022 gross merchandise value (GMV) over $20B [11]
Inditex total sales were €36.5B in 2021 [12]
H&M Group net sales decreased 1% to SEK 221.0B in 2022 [13]
H&M Group net sales increased 7% to SEK 241.2B in 2023 [2]
Inditex sales increased to €27.1B in 2020 [14]
ASOS revenue for FY2023 was £3.7B (year ended 28 Aug 2023) [15]
ZARA had 6,700 stores worldwide in 2023 [16]
H&M had 4,923 stores worldwide in 2023 (H&M brand) [2]
Uniqlo had 2,361 stores worldwide as of 2023 [6]
Primark (Associated British Foods) retail sales were £3,664M in 2023 [17]
Retail sales at Primark were up 9% in 2023 to £8,052M (FY) [18]
Bestseller (fast fashion brand) revenue was DKK 63.8B in 2023 [19]
Boohoo GMV increased 14% to £1.02B in FY2023 [8]
Section 02
Consumer behavior & purchase frequency
The global “fast fashion” supply chain is characterized by collections as often as 12 times per year (Zara model) [20]
Zara’s typical turnaround time from design to store shelves is as little as 2 weeks [21]
Zara’s “time from design to delivery” is typically 2 weeks [21]
H&M “New Arrivals” refresh frequency can be “up to 100 new styles per day” (as reported by H&M marketing) [22]
Consumers replace clothes more quickly in fast fashion markets; average number of times worn for garments dropped by 36% between 2000 and 2018 [23]
In a 2017 survey, 75% of respondents reported they bought fast fashion brands [24]
A 2019 survey found 64% of shoppers purchase items from fast fashion retailers [25]
In the U.S., 60% of consumers purchase clothing online at least once per month (retail apparel e-commerce behavior) [26]
37% of Gen Z and millennials bought clothes online weekly (survey) [27]
UK consumers report buying clothing more frequently; 37% said they buy new clothes at least once a month [28]
In a 2021 consumer survey, 69% of respondents said they buy fast-fashion items because they are affordable [29]
In the UK, 57% of adults said they have purchased fast fashion in the last 12 months [30]
In a survey, 40% of respondents said they buy clothing more often than they used to [31]
In the EU, 23% of consumers buy clothes mainly based on fashion trends [32]
30% of consumers in a global survey said they buy new clothes to follow trends [33]
In a 2019 survey, 43% said they buy fast fashion because it is cheaper [34]
Frequency of clothing purchase: median number of times clothing bought per year in one survey was 8 [35]
“Dressing frequency” decreased; average time between purchases reduced by 19% for millennials vs older cohorts [36]
The average consumer buys 60% more items now than 15 years ago (reported by Ellen MacArthur Foundation) [37]
Consumers are buying clothing at least twice as often as they did 15 years ago (Ellen MacArthur Foundation) [38]
22% of surveyed consumers said they purchased clothing mainly because it was trendy/‘new arrivals’ (survey data) [39]
Section 03
Market size & growth
Global fast fashion market size was $43.7B in 2021 and is projected to reach $94.0B by 2030 [40]
Fast fashion market size (value) in 2023 was estimated at $83.3B [41]
Fast fashion market size is expected to reach $196.9B by 2030 (from $52.2B in 2022) [42]
Fast fashion market is projected to grow at a CAGR of 5.5% from 2023 to 2032 [43]
Fast fashion market expected to reach $144.1B by 2028 [44]
Online fast fashion sales in the U.S. were forecast to be $53.4B in 2024 [45]
U.S. online apparel sales were forecast to be $104.0B in 2024 [46]
Global online fashion sales were expected to reach $783B in 2024 [47]
Global e-commerce share of retail sales was 19.6% in 2021 [48]
Global apparel market size was $1.81T in 2022 [49]
The global textile and apparel market was valued at $1.67T in 2022 [50]
In 2023, clothing (including fast fashion) accounted for 4.6% of total retail sales in the U.S. [51]
In 2023, the U.K. clothing market size was £71.9B [52]
In 2023, the German apparel market size was €85.0B [53]
In 2023, the French apparel market size was €36.0B [54]
In 2023, the Italian apparel market size was €66.0B [55]
In 2023, the Spanish apparel market size was €25.1B [56]
In 2023, the Swedish apparel market size was €9.1B [57]
In 2023, the Canadian apparel market size was CA$35.3B [58]
The global fast fashion market is expected to grow from $52B in 2023 to $179B by 2030 [59]
Fast fashion was valued at $45.2B in 2021 and expected to reach $70.8B by 2027 [60]
“Shein” total sales were estimated at $16B in 2021 [61]
Section 04
Waste & sustainability impacts
In 2020, the average clothing consumer in the UK disposed of 34 kg per person per year [62]
In the EU, 5.8M tonnes of textiles were generated in 2018 [63]
EU textiles generated were 12.6 kg per person in 2018 [63]
Only 22.2% of textiles are collected for reuse and recycling in the EU [63]
Global textile waste generation was 92M tonnes in 2021 [64]
Only about 1% of used clothing is recycled into new clothing in the EU [63]
The fashion industry produces about 10% of global carbon emissions [65]
The fashion industry accounts for 20% of wastewater globally [65]
Fast fashion results in microplastic pollution; 500,000 tons of microfibers enter oceans yearly (estimate) [66]
Synthetic textiles shedding adds about 0.5 million tons of microfibers annually to the oceans [67]
Over 60% of global apparel consists of synthetics [65]
Dyeing and finishing can be major sources of water pollution, with textile industry responsible for 20% of global industrial wastewater [65]
In the U.S., textile waste in landfills in 2018 was 17.3M tons [68]
Textile waste in landfills in 2018 was 10.5% of municipal solid waste (U.S.) [68]
Only 15% of textiles are recycled in the U.S. [68]
UK household clothing waste disposal was 1.2M tonnes in 2018 [69]
In 2019, EU textile sorting and recycling rate was 24% [63]
Worldwide textile production grew from 62M tonnes in 2000 to 92M tonnes in 2021 [64]
Global clothing consumption increased 400% between 1992 and 2018 (estimate) [70]
Average garment use per person fell from 14 wears in 2000 to 7 wears in 2018 (estimate) [23]
The Ellen MacArthur Foundation reports clothing use decreased 36% from 2000 to 2018 [23]
A 2017 study estimated 92 million tonnes of textiles waste generated in 2015 and rising [71]
Fashion’s share of global greenhouse gas emissions is 4% (commonly cited) [72]
In 2019, consumers in the UK disposed of about 1.6M tonnes of textiles [73]
In 2020, textile recycling in the UK reached 36% of collected textiles [74]
In the U.S., 67% of clothing is reused, recycled, or donated (derived from EPA material flow summaries) [68]
In 2018, about 12.8M tons of textiles were landfilled in the U.S. [68]
The EU has set a target for textile waste: collection for reuse and recycling by 2025 [75]
The European Commission set “90% of textile waste to be prepared for reuse and recycling by 2030” (strategy statement) [75]
References
Footnotes
- 1inditex.com×5
- 2hmgroup.com×2
- 3businessofapps.com×3
- 4businessinsider.com
- 6fastretailing.com
- 7asosplc.com×2
- 8boohooplc.com
- 9cnbc.com
- 10forbes.com
- 11wsj.com
- 17abf.co.uk×2
- 19bestseller.com
- 20britannica.com
- 21hbr.org
- 22retaildive.com
- 23ellenmacarthurfoundation.org×5
- 24kantar.com
- 25statista.com×13
- 26pymnts.com
- 27nbcnews.com
- 28footwearnews.com
- 29wwf.org.uk
- 30wrap.org.uk×4
- 31mckinsey.com
- 32ec.europa.eu
- 33alliedmarketresearch.com
- 34unglobalcompact.org
- 36www2.deloitte.com
- 40gminsights.com
- 41precedenceresearch.com
- 42fortuneresearch.com
- 43imarcgroup.com
- 44transparencymarketresearch.com
- 48ourworldindata.org
- 49businessresearchinsights.com
- 50grandviewresearch.com
- 59mordorintelligence.com
- 60marketwatch.com
- 63eea.europa.eu
- 64wri.org
- 65unep.org
- 67nature.com×2
- 68epa.gov
- 72ipcc.ch
- 73gov.uk
- 75environment.ec.europa.eu
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