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How the new world order is transforming the apparel industry

25 Sep '24
6 min read
How the new world order is transforming the apparel industry
How the new world order is transforming the apparel industry

Insights

  • Apparel industry transformation is driven by sustainability, geopolitics and technological advancements.
  • Key drivers include eco-friendly practices becoming non-negotiable, e-commerce reshaping consumer engagement and supply chain shifts beyond China due to trade uncertainties.
  • Emerging markets, innovation in smart textiles and adherence to sustainable fashion trends are also influencing it.

Export performance of the global apparel industry: An overview

Table * presents export data for the fiscals ****-****, revealing significant shifts in the global textile and apparel market. The analysis of apparel export trends from **** to ****, along with the projected values for **** and beyond, illustrates a dynamic landscape shaped by global economic conditions and evolving consumer behaviour. The peak in **** marks a period of robust industry performance, driven by favourable market conditions and strong demand. However, the subsequent dip in **** reflects the challenges facing the industry, including disparities in regional growth rates and shifts in consumer spending patterns.

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