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

Textiles | On 31st May 2016

FICCI forecasts 7.7% GDP growth for Indian economy in FY17

The results of latest round of the Federation on Indian Chambers of...

Apparel/Garments | On 31st May 2016

China to open e-commerce to foreign investment

In a major policy decision, China has decided to lift restrictions to ...

Courtesy- DyStar

Textiles | On 31st May 2016

DyStar launches Cadira Polyester for resource efficiency

DyStar Group, solution provider offering a complete range of...

Interviews View All

Veronique Lee
Modavanti

Sustainable fashion is not necessarily pocket- friendly. Are consumers...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

What is the influence of foreign trends and designs on Indian fashion?

Nuno Venda
ROQ

What are the key trends and innovations in textile printing? From which...

Ashok Desai
Bombay Textile Research Association

<b><i>Bombay Textile Research Association (BTRA) is a leading name in...

Kerem Durdag
Biovation II LLC

<b><i>Kerem Durdag, CEO, Biovation II LLC, provides an insight into future ...

Paolo Ocleppo
Sandvik Hyperion

<b><i>Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
May 2016

F2F Magazine

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search