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Global Textile and Apparel Sourcing—The Views of Four Brands
Textiles Intelligence, June 2010, Pages: 11
Over the last 20 years, international sourcing activities have intensified as buyers have searched the world to find the best supply sources for their companies.
It is not surprising, therefore, that the distribution of apparel production varies considerably from that of apparel consumption. It is estimated that global consumption of apparel is worth between US$550 bn and US$570 bn a year. About a third is consumed in Europe, a third in the USA and a third in Asia.
However, Asia accounts for an overwhelming 71% of the world’s apparel production, while only 14% is made in continental Europe, 11% in the Americas, and 4% in Africa and the Middle East.
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