The turnover of Italian menswear industry recorded an increase of 1 percent year-on-year to € 8.6 billion during the 2013 year, as per data released by Sistema Moda Italia (SMI), the Italian Fashion System and association of textile entrepreneurs.
According to the Industry of Italian Men’s Fashion report of SMI, in 2013, the country’s menswear industry’s turnover reached € 8.6 billion, which indicated an increase of 1 percent compared to the € 8.5 billion turnover recorded in 2012.
In terms of value of production, the menswear sector registered a growth of 2.9 percent in 2013 with € 5 billion, compared to € 4.9 billion recorded in 2012.
According to SMI, the Italian menswear industry recorded a mixed trend in 2013 with decline in domestic demand for menswear, however, exports of menswear increased during the same year especially to countries outside the European Union (EU), indicating a positive outlook for the menswear industry in 2014.
As per the data, during 2013, Italy exported menswear worth € 5.24 billion during the 2013 year, indicating an increase of 3.7 percent year-on-year.
Meanwhile, in terms of imports, the country imported menswear worth € 3.3 billion last year, showing a decline of 4.9 percent, compared to 2012, when the country imported menswear worth € 3.5 billion.