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Spain's per capita spending on apparel dips 22% since 2007
17
Dec '12
The average annual per capita expenditure for purchase of clothing items by Spanish citizens has decreased by about 22 percent since 2007, according to a study done by the Strategic Research Centre of EAE Business School.
 
The report titled “The textile sector and spending on clothing in Spain in 2012,” analyzes the production and per capita expenditure of families on clothing.
 
The provinces of Basque, Navarra and Cantabria spend more on clothing per person compared to other Spanish autonomous units, the study says.
 
People spend € 9.531 million on buying women’s clothing per annum in Spain, compared to expenditure of € 7.124 million spent on men’s clothing, according to the report.
 
The report says nearly 7,000 textile companies have shutdown their businesses in Spain since 2002, the year in which they registered their peak business.
 
It cites the increase in the import of textiles from Asia and China as the main reason for closure of textile manufacturing units in Spain since 2002.
 
On the other hand, Spanish textile imports have increased during the ten year period from 2002 to 2011, the report states. China, Turkey and Morocco accounted for 36.3 percent, 15.5 percent and 13.3 percent, respectively, of all Spanish textile imports in 2011.
 
Between 2007 and 2011, there has been a 19.4 percent reduction in total Spanish spending on garments. While spending on male apparels declined by 22 percent, the expenses on women’s and children’s clothing items fell by 18.4 percent and 16.6 percent, respectively.
 
The report states that the global apparel market grew by 11.1 percent between 2007 and 2011, led by the US market, which grew by 13.9 percent. European region recorded slower growth at about 5.1 percent.
 
It expects the US to continue to lead the global apparel market with a share of 37.6 percent in 2016, followed by Europe with 34.7 percent share.
 

Fibre2fashion News Desk - India

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