Home / Knowledge / News / Apparel/Garments / Spanish spending on apparel to grow 26.4% by 2018: Report
Spanish spending on apparel to grow 26.4% by 2018: Report
23
Jun '14
The expenditure on clothing by Spanish citizens would grow by 26.4 percent to €25.526 billion from the current spending of €20.196 billion, says a latest report released by the Strategic Research Centre of the EAE Business School.
 
The report titled “Textiles and Clothing Expenditure 2014”, analyzes the textile and clothing expenditure in Spain and its autonomous communities, in addition to studying the major world economies.
 
The study highlights that there are 8,265 companies in Spain that are engaged in textile and garment production, which is 4.65 percent less than in 2012 and 48.9 percent less than in 2002.  Catalonia, Madrid, Andalusia and Galicia autonomous communities have the highest number of textile companies.
 
According to the report, the total spending on clothing in Spain in 2013 was €20.196 billion, showing a slight decrease of 0.33 percent from 2012 and a cumulative decline of 19.6 percent over 2007. 
 
Of the total amount spent on clothing, €9.563 billion or 47 percent was spent on clothes for women, €7.027 billion or 35 percent on men, and the remaining €3.695 billion or 18 percent on purchase of children’s clothing.
 
The report calculated average expenditure on clothing by a Spanish citizen at €437 a year, which is 3.3 percent less than in 2012 and 22.6 percent lower than the spending in 2007. It estimates the average expenditure per person to reach €521 in 2018, which will be an increase of 25 percent compared to 2013 figures. As a result, Spanish spending on clothing will jump to €25.526 billion, up 26.4 percent over 2013 expenses.
 
The study names the US, China, Japan, Germany and Italy as the five most important markets in the world with their spending on garments estimated at €269.539 billion, €110.335 billion, €76.492 billion, €57.611 billion and €46.361 billion, respectively.
 
In terms of per capita expenditure on clothing, the biggest spenders are Norwegians, Danes, Belgians, Americans and the Dutch with average annual spending of €939, €858, €845, €829 and €785, respectively.
 

Fibre2fashion News Desk - India


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search