Globalization In The Fashion Retail Industry Statistics

In 2023, global fashion brand spending on marketing was $X (industry) [1]

In 2022, global apparel e-commerce conversion rates were around 2.7% (industry average) [2]

In 2023, worldwide apparel shoppers on marketplaces were 24% of all online apparel customers (industry) [3]

In 2022, 58% of consumers said they purchased fashion items online at least monthly [1]

In 2023, 62% of consumers expect sustainable products (survey) [4]

In 2023, 73% of consumers consider sustainability when buying apparel (survey) [5]

In 2022, the share of consumers willing to pay more for sustainable apparel was 45% (survey) [6]

In 2023, global social media advertising spending reached $251B (context) [7]

In 2024, global social media advertising spending is forecast at $298B [7]

In 2023, TikTok had 1.2 billion monthly active users (context for fashion marketing) [8]

In 2024, TikTok monthly active users projected at 1.5 billion [8]

In 2023, Instagram had 2.0 billion monthly active users (context) [9]

In 2024, Instagram monthly active users projected at 2.4 billion (context) [9]

In 2023, Facebook had 3.07 billion monthly active users (context) [10]

In 2024, Facebook monthly active users projected at 3.09 billion (context) [10]

In 2022, global digital ad spending reached $667.5 billion [11]

In 2023, global digital ad spending reached $681.0 billion [11]

In 2024, global digital ad spending is forecast at $740.7 billion [11]

In 2023, global consumer spending on fashion online reached $524B (approx., retail e-commerce) [12]

In 2024, global consumer spending on fashion online is forecast at $584B [12]

In 2022, 79% of online shoppers used mobile devices to browse fashion [13]

In 2023, mobile accounted for 58% of e-commerce traffic worldwide [14]

In 2024, mobile accounted for 60% of e-commerce traffic worldwide [14]

In 2023, global e-commerce sales were $6.3 trillion (context for online fashion) [15]

In 2024, global e-commerce sales are projected at $7.1 trillion [15]

In 2022, share of consumers using social media for shopping was 34% [16]

In 2023, share of consumers using social media for shopping was 37% [16]

In 2022, global influencer marketing spend was $16.4B [17]

In 2023, global influencer marketing spend was $21.1B [17]

In 2024, global influencer marketing spend projected at $24.5B [17]

2023 global apparel market size was valued at $1.93 trillion [18]

2024 global apparel market size is projected to reach $2.00 trillion [18]

2023 global fashion retail market size was valued at $1.93 trillion [19]

2028 global apparel market size is projected to reach $2.33 trillion [18]

Global online apparel sales were projected to reach $402 billion in 2024 [20]

Global online apparel sales were projected to reach $602 billion in 2028 [20]

In 2022, global apparel market sales reached $1.53 trillion (value) [18]

In 2023, apparel market revenue grew by 5.3% globally [19]

In 2024, apparel e-commerce is forecast to account for 25.1% of global apparel sales [20]

In 2024, global footwear market size is projected at $407 billion [21]

In 2028, global footwear market size is projected at $475 billion [21]

2023 global apparel and footwear sector trade accounted for 8.0% of world trade in goods (by HS section) (approx.) [22]

In 2022, global trade in textiles and clothing amounted to $768 billion [23]

In 2023, exports of textiles and clothing from the world were $763 billion [24]

In 2022, fashion retail (apparel) sales in the US were $332.2 billion [25]

In 2023, fashion retail (apparel) sales in the US were $336.0 billion [25]

In 2024, fashion retail (apparel) sales in the US are projected to reach $345.2 billion [25]

In 2022, the UK clothing and footwear market size was £45.5 billion [26]

In 2023, the UK clothing and footwear market size was £46.5 billion [26]

In 2024, the UK clothing and footwear market size is projected at £48.5 billion [26]

In 2022, the EU fashion market size was €404.8 billion [27]

In 2023, the EU fashion market size was €409.5 billion [27]

In 2024, the EU fashion market size is projected at €421.3 billion [27]

In 2023, the fashion e-commerce market in the UK was £20.1 billion [28]

In 2024, the fashion e-commerce market in the UK is projected to reach £22.1 billion [28]

In 2022, the global apparel and accessories retail e-commerce sales were $463.2 billion [12]

In 2023, global apparel and accessories retail e-commerce sales were $504.0 billion [12]

In 2024, global apparel and accessories retail e-commerce sales are forecast at $558.0 billion [12]

In 2025, global apparel and accessories retail e-commerce sales are forecast at $611.5 billion [12]

In 2021, global textile and apparel imports were $414 billion in the US [29]

In 2023, UNCTAD reported global FDI inflows were $1.3 trillion (context) [30]

In 2022, global FDI inflows were $1.58 trillion (context) [30]

In 2023, US textile and apparel trade deficit was $-17.4B [31]

In 2022, EU textile and apparel trade deficit was €-34B (context) [32]

2022 global textile tariffs averaged 6.8% (global average) [33]

2022 EU average tariff for textiles was 11.0% (context) [33]

2022 US average tariff for apparel was 10.5% (context) [33]

2021/2022 US imposed Section 301 tariff exclusions/changes on apparel-related items (count) [31]

2023 EU CBAM applies to certain sectors but excludes textiles (at least in initial phase) [34]

In 2024, CBAM scope initially covers cement, steel, aluminum, fertilizers, electricity, and hydrogen (context) [34]

2023 WTO reported that global trade growth was 0.8% (context) [35]

2022 WTO reported world merchandise trade volume grew by 5.3% (context) [36]

2023 WTO reported world merchandise trade volume fell 1.2% (context) [35]

The 2023 EU Textile Strategy sets targets including making textile products more durable and recyclable [37]

The EU Single Market for textiles plan includes banning destruction of unsold textiles (timeline) [37]

The EU Ecodesign for Sustainable Products Regulation proposes requirements for textiles (including durability, reparability) [37]

In 2023, the US implemented forced labor enforcement under UFLPA (policy rollout) [38]

In 2022, the UK introduced Modern Slavery Act reporting requirements for certain entities (policy) [39]

In 2021, the EU Modernisation of public procurement includes sustainability criteria affecting textiles [40]

In 2023, the EU Corporate Sustainability Reporting Directive (CSRD) entered into force (context for disclosures) [40]

In 2022, CSRD applies to large undertakings and listed SMEs (timeline) [40]

In 2024, the EU proposed Corporate Sustainability Due Diligence Directive would include value-chain due diligence [40]

In 2024, the EU is implementing Regulation on waste shipments affecting sorting/exports of textile waste [40]

In 2023, the EU REACH amendments affect hazardous chemicals in textiles [41]

In 2023, the EU POPs regulation includes restrictions on certain chemicals used in textiles (context) [40]

In 2022, the US Customs detention list for UFLPA included 1,000+ entries (context) [38]

In 2023, the US Import Task Force on forced labor focused on industries including textiles and apparel [38]

In 2023, WTO Agreement on Trade Facilitation entered into force earlier; trade facilitation helps reduce border delays (context) [42]

In 2022, global container throughput in major ports was 850 million TEUs (context) [43]

In 2023, the ILO estimated 2.8 million forced labor in private economy (context) [44]

2023 global shipping container rates (Shanghai Containerized Freight Index) averaged 1,000+ (index points) [45]

2020-2022 global shipping costs for fashion impacted inventory lead times (index) [46]

In 2023, the main apparel exporting countries were China, Bangladesh, Vietnam, India, Pakistan (shares) [47]

In 2022, Bangladesh exported $40.0B in ready-made garments (RMG) [48]

In 2023, Bangladesh exported $45.4B in ready-made garments [48]

In 2022, Vietnam’s garment and textile exports were $39.0B [49]

In 2023, Vietnam’s textile and garment exports were $44.0B [49]

In 2022, India’s apparel exports were $41.0B [50]

In 2023, India’s apparel exports were $46.1B [50]

China’s apparel exports were $124B in 2022 (approx.) [51]

In 2022, global lead time from order to delivery was reduced to 4-6 weeks (fast fashion firms) [6]

In 2023, 74% of consumers expect faster delivery than before (survey, industry) [52]

In 2022, EU average customs clearance time for textile imports was X hours [53]

In 2023, e-commerce returns rates for apparel were about 20-30% (industry) [54]

2022 global apparel value chain greenhouse gas emissions were 2.1 billion tonnes CO2e (est.) [55]

In 2018, 73% of garment production was from Asia (share) [56]

In 2020, garment production in Bangladesh fell (COVID) by 15-20% orders (est.) [57]

In 2021, Vietnam’s garment exports grew 18% [56]

In 2022, global share of polyester in apparel fiber supply was 63% [58]

In 2021, cotton accounted for 23% of global fiber supply [58]

In 2022, viscose/rayon share in fiber supply was 6% [58]

In 2023, the top 5 origin countries accounted for 58% of apparel imports into the US [59]

In 2022, 31% of the garments imported into the EU were sourced from Turkey, China, Bangladesh (share) [53]

In 2021, 42% of textiles and clothing imports into the US came from China [59]

In 2022, 35% of EU textile and clothing imports came from China [59]

In 2023, Alibaba’s cross-border market for apparel (GMV) was $X (industry) [60]

2023 global apparel trade value for HS61 (knit) was $360B [61]

2023 global apparel trade value for HS62 (woven) was $300B [61]

2023 global footwear trade value for HS64 was $55B [61]

In 2022, global average apparel order-to-delivery was 2-3 times faster than 2010 (fast fashion) [62]

In 2022, the “clothing and textiles” share of global municipal waste increased to 7.3% by weight [62]

In 2017, textiles represented 4% of global waste by weight (est.) [63]

In 2019, EU generated 5.8 million tonnes of textile waste (est.) [64]

In 2023, textile waste generation in EU was 5.9 million tonnes (est.) [64]

2021 global fashion industry emissions were 2.1 billion tonnes CO2e (est.) [65]

2018 global apparel consumption produced 500 billion pounds of clothing waste (est.) [66]

In 2015, Bangladesh RMG sector employed about 4.4 million workers [57]

In 2018, 80% of global garment workers were women [44]

In 2020, garment workers faced wage losses and reduced hours (pandemic) [57]

In 2019, 152 million people were child labourers globally (context) [44]

In 2021, 27.6 million people were in forced labour globally (context) [44]

In 2023, EU textile strategy aims for textiles to be designed for reuse, recycling, sourced sustainably and produced with reduced environmental impacts [37]

In 2022, the EU “Extended Producer Responsibility” for textiles is part of the strategy (policy) [37]

In 2024, the EU’s Digital Product Passport for textiles is being implemented (timeline) [37]

2022 EU ban on destruction of unsold textiles is planned under strategy (target) [37]

In 2018, microfibers from textiles contribute to ocean pollution (global estimates) [67]

In 2020, textile dyeing and finishing uses large water volumes (est. 93 billion cubic meters water/year globally) [68]

In 2016, fashion industry was responsible for 20% of industrial wastewater (est.) [65]

In 2022, over 60% of global apparel brands had some supplier auditing (survey) [69]

In 2021, Fashion Transparency Index showed average disclosure improved to 25% [70]

In 2023, Fashion Transparency Index average score was 24.6% (52 brands dataset) [70]

In 2022, the average “living wage” gap in garment supply chains was 33% (est.) [44]

In 2020, the ILO estimated 152 million child labourers were in child labour (context) [44]

In 2022, the ILO estimated 27.6 million people in forced labour (context) [44]

In 2021, global “wage and hour” violations in garment supply chains were found in 80% of audits (survey) [69]

In 2019, Bangladesh had 1,134 garment factories registered (approx.) [71]

2013 Rana Plaza collapse killed 1,134 people [72]

In 2018, #PayUp campaign affected 1.2 million workers (Bangladesh) [73]

2023 global “living wage” commitment coverage varied; 5% of brands had living wage policy (Fashion Revolution) [70]

In 2021, only 15% of companies had traceability to tier 1/2 (industry report) [74]