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 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Urs Stalder
Sanitized AG

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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