THE WORLDWIDE Fashion Market is growing fast and the market changes. It is currently valued at $3 trillion and represents approximately 2% of the global GDP.
In 2018 more than half of the fashion apparels and footwear sales were generated outside of Europe and North America. We are facing the emergence of Asia, South America and Africa as rising actors of the fashion international landscape. 2011- 2025 the forces shaping fashion in terms of sales forecast: 2011 60% in Europe 40% for the rest of the world, 2018 50% in Europe 50% in the Rest of the World, 2025 in Europe 60% in the rest of the World. Indonesia is also in! revenue is expected to show an annual growth rate (CAGR 20182022) of 12.7%, resulting in a market volume of $3,722m by 2022. In global comparison, most revenue is generated in China ($246,877m in 2018). The market's largest segment is apparel with a market volume of $1,592m in 2018 The development of e-commerce platforms increased the number of opportunities for the development of independent brands.
This story is from the May 2019 edition of Forbes Indonesia.
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This story is from the May 2019 edition of Forbes Indonesia.
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