General data

Population:65.12 mio
Labor force: 33.0 mio
Unemployment rate: 4.8%
GDP per capita (PPS): 46,297 dollars

Market share of the fashion industry: 6 percent
Domestic market value of the fashion industry: 66 billion pounds

Employment in fashion-related industries: 555,000

  • Retail sale of clothing: 414,000
  • Retail sale of footwear and leather goods: 59,000
  • Wholesale of clothing and footwear: 43,000
  • Manufacture of wearing apparel: 34,000
  • Manufacture of footwear: 5,000

 

 

Currently around 555,000 people are employed in fashion, textiles and fashion retail in the United Kingdom. Most jobs in fashion related industries are in the retail sale of clothing. This sub industry employs 75 percent with 414,000 people working in the retail sale of clothing. Also the retail sale of footwear and leather goods provides a fair amount of jobs in fashion, about 11 percent, 59,000, employers work within this sector. Another 8 percent, 43,000 employers, work in the wholesale of clothing and footwear. With respectively 34,000 en 5,000 positions, 6 percent and 1 percent, the least amount of jobs are in the manufacturing of wearing apparel and the manufacturing of footwear.

  1. Burberry: 10 billion dollar
  2. Next Plc: 7.16 billion dollar
  3. Mark & Spencer: 6.18 billion dollar
  4. ASOS: 6.18 billion dollar

The biggest company in UK based on its market capitalization is Burberry Group plc. The luxury fashion company is valued over 10 billion dollar and had revenue of 3.8 billion dollar. Burberry sells its products through retail and wholesale channel, retail sales accounted for 77% of revenue compared to 22% from wholesale.

Fast-fashion retailer Next Plc is the second largest fashion company in the United Kingdom, based on its market value of 7.16 billion pounds. Next is mostly active in retail market in the UK, where is makes most of its 4.0 billion pound of annual sales. Only a small part, 2 percent, of Next’s’ revenue comes from international retail.

Retail giant Marks & Spencer is number 3 in the Top 10 largest fashion companies in the UK. It is currently valued over 7 billion pounds and has annual sales of 10.3 billion pounds. Whereas its UK food division is ever expanding, Marks and Spencer’s fashion and UK general merchandise sales have been declining for the past years.The UK still accounts for 89 percent of the total sales, although its international presence is increasing, especially in food. Because of the declining fashion and general merchandise sale Marks and Spencer is facing a continuous downfall in market value.

With a market value of 6.2 billion dollar ASOS is fourth largest company in the UK and has annual sales of 1.8 billion pounds. The online fashion store sells over 850 brands as well as its own range of clothing and accessories. International retail sales for ASOS accounted for almost 63% of total retail sales.

Iconic fashion brand Burberry is the UK’s 4th largest company. The brand has a market value of 5.8 billion pounds. With revenues of around 2.5 billion pounds, the brand still proves to be valuable as of today.

Rounding off the Top 5 is another UK-based fast-fashion retailer, New Look. This company is privately held and currently valued at 4.4 billion pounds (FashionUnited BI estimate). It’s annual sales reached just over 1.5 billion pound by 2015.

The second half on the Top 10 largest fashion companies in the UK consists of ASOS, Sports Direct, JD Sports, Kurt Geiger and House of Fraser.

ASOS is valued at 2.9 billion pounds and has annual sales of 1.15 billion pounds. Sports apparel and footwear retailers Sports Direct and JD Sports have annual sales of respectively 2.8 billion pounds and 1.5 billion pounds, and are valued at 2.3 billion pounds and 2.2 billion pounds. Kurt Geiger reached sales of 1 billion pounds last year and is now valued around 1.8 billion pounds. Department store House of Fraser remains in the hands of private investors. With annual sales of 1.5 billion pounds, the company has a market value of 1.7 billion pounds.

 

In million British Pounds
In percentage

Exports of clothing: 9.2 billion USD

Women’s suits, not knit: 1.24 billion dollars, 11 percent
Sweaters, pullovers, sweatshirts, etc.: 697 million dollars, 6 percent
T-shirts: 622 million dollars, 5.6 percent
Men’s suits, not knit: 580 million dollars, 5.2 percent
Used clothes and textiles: 452 million dollars, 4 percent
Women’s Suits: 449 million dollars, 4 percent
Women’s overcoats, not knit: 356 million dollars, 3.2 percent

Exports of footwear and headwear: 2.18 billion USD

Footwear, with leather body: 1.03 billion dollars, 47 percent
Footwear, with textile body: 431 million dollars, 19.8 percent
Other footwear of rubber or plastics: 370 million dollars, 16.9 percent
Other headgear: 98.2 million dollars, 4.5 percent
Other footwear: 70.2 million dollars, 3.2 percent

 

Imports of clothing: 34.4 billion USD

Women’s Suits, not knit: 4.13 billion dollars, 12 percent
Men’s suits, not knit: 2.59 billion dollars, 8 percent
Sweaters, pullover, sweatshirts, etc.: 3.18 billion dollars, 9 percent
T-Shirts: 2.54 billion dollars, 7 percent
Women’s suits: 2.06 billion dollars, 6 percent
Women’s overcoats, not knit: 945 million dollars, 3 percent
Panty hose, tights, stockings, socks and other hosiery: 839 million dollars, 2 percent

Imports of footwear and headwear: 8.16 billion USD

Footwear, with leather body: 3.57 billion dollars, 44 percent
Footwear, with textile body: 1.74 billion dollars, 21 percent
Other footwear of rubber or plastics: 1.69 billion dollars, 21 percent
Other footwear: 216 million dollars, 2.6 percent

General data

Population:  508.45 million
Labor force: 379.70 million
Labor force in textiles and clothing: 1.70 million
Unemployment rate: 9.4%
GDP per capita (PPS): 32,180 euro

Fashion market share: 5 percent
Fashion market size: 372.3 billion euro
Turnover of the textile and clothing industry: 171 billion euro

Annual investment in the textile and clothing industry: 4.8 billion euro
Annual investment in clothing: 1.4 billion Euro
Annual investment in textiles and man-made fibres: 3.0 billion euro

 

With household consumption of 513 billion euros, the EU is the world’s largest market for the textile and clothing products.Number of companies in the textile and clothing industry: 185000 The total turnover of these companies is 171 billion euros. Nearly half of this turnover is related to textile companies, these contribute 84.2 billion euros. Another 79.6 billion euros is related to clothing companies and the remaining 7.4 billion euros is related to man-made fibre-making companies.

A couple of European countries, such as Italy, France and Spain are well-known for their renowned fashion conglomerates. The largest fashion company in Europe is LVMH, Louis Vuitton Moët Hennessy, a French luxury conglomerate. LVMH’s annual revenues reached 42.6 billion euros in 2017 and the company is currently valued around 122 billion euros. The company operates a chain of independent stores and shops-in-shops for fashion brands such as Louis Vuitton, Fendi and Dior. LVMH does not only stand for high-end fashion, but provides for every aspect of a luxury lifestyle, from champagne (Moët) to sailing yachts (Royal Van Lent).

Europe’s second largest fashion player is Inditex. This Spanish company owns brands like Zara, Pull&Bear and Stradivarius. Inditex is valued over a 75 billion euros and its 2017 annual revenue was 25.34 billion euros. Inditex has stores is every major city in Europe, which also accounts for the majority of the company’s revenue.

French luxury goods company Dior chaired by French businessman Bernard Arnault is the third largest fashion company. Dior recorded the revenue of 43.7 billion euros and is valued over 55 billion euros. USA is the company’s biggest market and accounts for 26 percent of Dior’s total sales followed by Asia and European market.

Other large fashion companies in Europe that round off the Top 5 are Kering and Hermès, with a market value of 48 and 16 billion euros simultaneously.

Currently 1.70 million people are employed in the textile and clothing industry.. Most of these employees, 1 million people, are employed in producing at and managing clothing companies. The remaining 700,000 work on textiles and man-made fibres.

In million euro
In percentages

Annual expenditure on clothing and footwear: 406 billion euro

Exports of apparel and textiles: 44.7 billion euro (Euratex)

Clothing: 22.9 billion euro
Menswear export value: 5.26 billion euro
Womenswear export value: 9.16 billion euro
Babies wear export value: 229 million euro
Other clothing and accessories export value: 6.6 billion euro

The main clothing customers make up for 52.1 percent of the total clothing exports. Switzerland is the largest customer taking 3.44 billion euro in textiles, which is 15.37 percent of the total European textile exports. USA takes 3.12 billion euro, 13.9 percent, and is therefore the second largest customer. The customers that round up the Top 5 export clients are the Russia with 2.06 billion euro (9 percent), Hong Kong with 1.94 billion Euro (8.6 percent) and Japan with 1.37 billion euro (6 percent).

Textiles: 21.8 billion euro Natural fibers export value: 872 million euro
Man-made fibers export value: 436 million euro
Yarns & Threads export value: 1.52 billion euro
Woven fabrics export value: 5.01 billion euro
Knitted fabrics export value: 1.31 billion euro
Technical textiles export value: 6.32 billion euro
Other textiles export value: 1.74 billion euro

The main textile customers make up for 42 percent of the total textile exports. The United States is the biggest customer taking 2.62 billion euros in textiles, which is 1.9 percent of the total European textile exports. China takes 1.9 billion euros, 8.7 percent, and is therefore the second largest customer. The customers that round up the Top 5 export clients are Turkey with 1.67 billion Euro (7.6 percent), Morocco with 1.46 billion Euro (6.7 percent) and Switzerland with 1.4 billion Euro (6.4 percent).

 

Imports of apparel and textiles: 110 billion euro

Clothing: 81.0 billion Euro
Menswear import value: 18.6 billion Euro
Womenswear import value: 32.4 billion Euro
Babies Wear import value: 810 million Euro
Other clothing and accessories import value: 28.0 billion Euro

The European Union imports most of its clothing from 5 suppliers, with China being the largest. A near 34 percent of the European imports come from China. Bangladesh supplies 17.2 percent of the European clothing imports. Another 11 percent of the supplies come from Turkey and 6 percent come from India.

Textiles: 29.1 billion Euro
Natural fibers import value: 1.76 billion Euro
Man-made fibers import value: 1.16 billion Euro
Yarns & Threads import value: 4.07 billion Euro
Woven fabrics import value: 5.82 billion Euro
Knitted fabrics import value: 1.74 billion Euro
Technical textiles import value: 6.69 billion Euro
Other textiles import value:291 million Euro

The European Union imports most of its textiles from 5 suppliers, with China being the largest. About 33 percent of the European imports come from China. Turkey supplies 17 percent of the European textile imports. Another 8 percent of the supplies come from India and respectively 7 and 4 percent come from Pakistan and the South Korea.