The $2.8 trillion garment industry in 2020
The $1.6 trillion garment manufacturing sector in 2020 was worth $2 trillion.
That’s up from $1 trillion in 2015, according to data from consulting firm CB Insights.
That was a record year for the industry, which is responsible for more than half of all garment production in the U.S. The U.K. was second with $1 billion, followed by France with $900 million.
China was third with $631 million.
The $2 billion in revenue in 2020 for the apparel industry was up 15.4% from $2,838 million in 2015.
The total number of factories increased from 1.2 million to 1.4 million.
About 50% of all apparel manufacturing jobs in the world are in the United States, according the National Association of Manufacturers.
The biggest gainers from the apparel sector were apparel makers, which saw revenue grow 9.3% from 2015 to 2020.
They include Nike, which earned $2 million for the year.
It had the biggest percentage gain, at 20.9%.
Nike’s revenue in the apparel market was up by almost $300 million, or 15%.
The company made $9.7 billion last year.
The second-biggest gainer from the garment industry was the retail industry, with a 12.9% gain, followed closely by apparel makers.
The largest lossers were retailers, which lost $1 million for 2020.
The average price of apparel goods increased by 2.6% in 2020 from 2015.
That is due in part to the recession that affected global demand for clothing.
But the rise also comes after a decade of rising apparel prices, as consumers in many countries have been able to afford more.
In addition, prices for other goods, like home furnishings, are increasing as the global economy recovers from the recession.
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