CO Data

The Size of the Global Fashion Retail Market

The global retail fashion market is worth $1.78 trillion with just under half of that being spent in China and the USA.
close
Key Takeaways
  • The global retail apparel market is worth $1.4 trillion.
  • Footwear sales globally are worth $366 billion.
  • India is now the fifth largest market for fashion.
  • The UK fashion market is valued at $69 billion.

UPDATE February 2019

The value of the total fashion retail market, including footwear but excluding jewellery, is $1.78 trillion, a jump of 14% since our 2018 report. 

Apparel alone now has a global retail value of $1.4 trillion - that’s the equivalent of everyone on the planet, all 7.7 billion of us, each spending $231 on clothing in 2019.

However fashion spending is not equitably distributed. China continues to dominate as the world’s largest individual apparel & footwear market ($380bn), …

Join CO to access this content

Common Objective (CO) is the global platform for sustainable fashion. Join 50,000+ industry members committed to doing fashion better, access 300+ resources and tools, attend inspiring events and grow your network.

Sign up for free

Already a member? Click here to log in.

14 May 2018
Share on Facebook Share on Twitter Share on Pinterest
Author
Clare Lissaman

Head of Oxfam Advisory Services at Oxfam and 3 others

Download

View all data tables and visualisations in the downloadable PDF version of this article.