Apparel market in the Asia-Pacific region - statistics & facts
The global apparel market was forecast to grow in the coming years, reaching almost two trillion U.S. dollars by 2027. The Asia-Pacific region houses some of the biggest apparel markets in the world, including China, India, and Japan. In terms of international trade, China is the largest apparel exporter in the world, with Bangladesh and Vietnam making it in the top five. Many Asian economies have established garment, textiles, and footwear (GTF) manufacturing industries that contribute considerably to their GDPs and the global apparel market.
Excluding Japan, big Asia-Pacific markets such as China, Bangladesh, India, and Vietnam were some of the largest apparel exporters in the world. Bangladesh was the biggest exporter of cotton t-shirts, while China was overall the largest exporter of t-shirts. Vietnam was the largest Southeast Asian apparel and clothing accessories exporter. Moreover, leather and footwear manufacturing comprised over a third of GTF manufacturing in Vietnam, the highest in the region. Vietnam exported the second-highest value of leather shoes in the Asia-Pacific region, following China.
Leading apparel markets and exporters
China generated the highest revenue in the women’s, men’s, and children’s apparel market in the Asia-Pacific region, second only to the United States in the world. China was also the largest accessories market in the world. The next largest apparel markets by revenue in the Asia-Pacific region were India and Japan.Excluding Japan, big Asia-Pacific markets such as China, Bangladesh, India, and Vietnam were some of the largest apparel exporters in the world. Bangladesh was the biggest exporter of cotton t-shirts, while China was overall the largest exporter of t-shirts. Vietnam was the largest Southeast Asian apparel and clothing accessories exporter. Moreover, leather and footwear manufacturing comprised over a third of GTF manufacturing in Vietnam, the highest in the region. Vietnam exported the second-highest value of leather shoes in the Asia-Pacific region, following China.
