The garment industry is one of the most important industries for any country in the world. In the last few years, the garment industry has become crucially important as it has been highly growing in terms of volume as well as revenue generated. More and more brands, as well as countries, are competing against each other. Among these countries, Spain is also one of the most important garment manufacturers and exporters in the world. Find out many of the interesting statistics on the garment industry of Spain below.
Overview of Garment Industry in Spain
The garment industry of Spain is indeed an interesting one and one of the fastest growing ones as well. In terms of revenue, the apparel market of Spain made up $20.04 billion in 2022 with a forecasted growth rate of 6.79% between 2022 and 2026. This is almost double the rate at which the apparel market in the USA is forecasted to grow at about 3.9% only. One of the major implications of these numbers is that Spain is definitely gaining some extra ranks in the list of top garment manufacturers and exporters of the world. It also symbolizes an additional aspect that Spain has a high trend of garment purchases and sales.
Out of the entire garment industry in Spain, the women’s apparel market makes up the most revenue of $11 billion in 2022 which is more than 50% of the total garment market sales. Additionally, Spain has one of the highest purchasing patterns recorded for garments which is why the per person revenues are $428.9 as of 2022 [1]. In addition to that, the volume growth on a year-by-year basis is forecasted at 26.5% which is massive. Even developed markets such as Germany, the USA, Italy, and many others are not able to have such a high volume growth in terms of garments. This indicates that there is going to be a high demand for garments within Spain as well as in the foreign markets which is why the industries have been pushing to increase the volume of garments produced.
As of this moment, the per person volume in the apparel market is 34.4 pieces which is more than just enough. Statistics show that by 2026, the apparel market will have reached a volume of 2054.0 million pieces.
One of the most interesting facts about the garment industry in Spain is that a good proportion of sales is accounted for high-end clothing brands [1]. With an increase in the number of luxury clothing brands, the garment industry of Spain is forecasted to diversify even further in the future. 10% of the total garment industry sales in Spain are from high-end clothing products while 90% of the garment sales are from sales of regular clothing items.
Garment Industry of Spain | Detailed Analysis
The garment industry of Spain is quite a diversified one adapting to all sorts of fashion trends and styles at all times. People in Spain are fond of dressing up for various occasions. With a culture of parties, hangouts, and frequent dinners at a fine dining spot, Spain comes up having one of the most demands for garments. This is one reason why many retailers in Spain have to import products as well to cope with the rising demand for the products. The garment industry of Spain has grown so much over the last few years. In 2000, the value of clothing exported from Spain was a little over $2 billion. By 2019, this amount had crossed the $15 billion mark as well indicating a huge rise in the garment industry of Spain.
Currently, Spain stands among one of the top ten leading garment manufacturers in the world. However, despite the huge growth, there have been certain aspects where Spain’s garment industry has lagged behind. For example, the number of enterprises in the manufacture of clothing in Spain has reduced over the last few years. As of 2009, there were 10,483 clothing manufacturers in Spain which fell to 8,450 in 2017. Only a minor increase has been noticed since then as the number of clothing manufacturers in Spain were 9,056 by 2020. This indicates that due to certain reasons, the manufacturing industry in Spain is not going well.
One reason for this could be the low population of Spain vs other countries. Additionally, another reason could be the increase in imports of garments in Spain which has discouraged manufacturing and encouraged many retailers to focus on foreign markets for their clothing supplies.
EURATEX is an organization that includes 21 countries including Germany, Austria, Belgium, Bulgaria, Croatia, Denmark, Slovenia, Spain, Estonia, Finland, France, Greece, Hungary, Italy, Latvia, Lithuania, Poland, Portugal, UK, Switzerland, and Turkey as well. In these countries, Spain is one of the most important countries as it ranks sixth in the textile ranking out of all these countries employing 128,100 employees. The turnover of the industry is forecasted at 10,371 million Euros.
Digital Marketspace Statistics of Apparel in Spain
In terms of online markets, Spain’s garment market has been performing well too. Out of the total $20 billion market, the revenue in the online apparel market is 25% at about $5.78 billion in 2022 with a growth rate of 15.14% between 2022 and 2025. Additionally, the number of users buying from the online market is forecasted to be at 23.5 million users by 2025. It is quite shocking to evaluate that in 2022, the user penetration is 43.7% while it will reach a whopping high figure of 50.4% in 2025. This means that out of total sales in the garment market, 50% of the buyers are going to be from the online markets. Additionally, the average revenue per user in the online garment market in Spain is $283 which is also quite high.
The main reason why these statistics are important to understand is to evaluate the changing trend and patterns in the garment market of Spain. Retailers need to shift from the conventional brick-and-mortar structure to online markets. Retailers who are emphasizing the online markets are going to be more successful in Spain as compared to conventional retailers, as supported by the various statistics under consideration.
Women’s Garment Market in Spain
The women’s garment market in Spain is one of the most important ones in Spain which makes up $11 billion out of the total $20 billion of the industry. This particular segment of the market is forecasted to grow at 7.02% between 2022 and 2026. As far as per person revenues in the women’s garment market are concerned, one woman has provided up to $235.4 in terms of sales to the garment industry of Spain in 2022. Statistics also show that the women’s apparel market is going to grow in volume at a massive rate of 27.2% in 2023.
There are two main reasons for this. Primarily, there has been an increase in the demand for women’s clothing over the last few years, and expected to increase continually in Spain. Additionally, the increase in volume is going to be because of the increase in exports of Spain on a year-by-year basis. The increase in clothing exports also leads to the manufacturers focusing on higher volume. In the women’s market, the average volume per person is 15.9 pieces in 2022 which indicate that women in Spain have one of the highest trends of buying garments.
Men’s Garment Market in Spain
The men’s garment market in Spain is the second most important market in Spain. The revenue in the men’s apparel market is $6.4 billion in 2022 and is forecasted to grow at a massive rate of 7.06% between 2022 and 2026. Additionally, the per person revenues in the garment market are significantly lower as compared to the men’s market which are at $137.1 per person in 2022. The men’s apparel market is also forecasted to show a massive volume growth of 27.4% in 2023. Additionally, the average volume per person in the men’s apparel market is expected to be at 7.3 pieces in 2022.
Statistics in the men’s garment market in Spain indicate that the market is not as strong as the case of the women’s market. Men in Spain are not spending as much on garments as the case of women. While women’s average volume per person is 15.9 pieces, the case of men’s industry is only half of it at about 7.3 pieces. This gives the idea that men don’t have any major preference for buying clothes as much. They are even fine with repeating the clothes that they have purchased while women are not having any such habits or personality traits in them.
Children’s Garment Market in Spain
The children’s garment market is the smallest subsector of the garment industry in Spain making up only $2.638 billion in revenue as of 2022. Additionally, the garment market for children is forecasted to grow at a rate of 5.02% CAGR between 2022 and 2026. In the case of the children’s garment market in Spain, the per person revenues are quite low at about $56.47 in 2022. However, despite the low revenue generation, this market is also forecasted to grow at a massive volume increase rate of 25.1% in 2023. Currently, the average volume per person in the children’s apparel market is 11.2 pieces.
These statistics indicate that the children’s garment market in Spain is one of the better options for new entrants. This is mainly because the average volume per person is the second highest after the women’s market. The women’s market itself is already highly saturated whereas the men’s market is not performing as well because the average volume per person is 7.3 pieces only. However, in the case of the children’s market, the market is at a fair and balanced point showing bright prospects for the future as well. Additionally, with the increase in the birth rate in Spain, there are even brighter chances for garment manufacturers and retailers, particularly those working in this sector.
Trade Values in Spain’s Garment Industry
As far as the trade of garments and textiles is concerned, Spain has a small gap between the imports and exports with a negative balance of payments for this sector. The textile and apparel sector makes up a total export value of $19392.4 million by 2020. In terms of garment products, Spain has a major trade partner France whose export bill was $2366.78 million and accounts for Spain’s 12.2% of garment exports. Italy is also close in this position with $2366.78 million in exports and accounting for 12.2% of the total garment exports from Spain.
There are several other countries where Spain exports garment products such as Portugal, Morocco, and Germany. Portugal has $1717.58 million in the export bill which brings the share of garment exports to 8.86%. Garment exports from Spain to Morocco value up to $1307 million with the share of garment exports at 6.74%. For Germany, the exports are at $1163.14 million which brings the export contribution to 6%. All other countries have a limited share in the garment exports of Spain.
As far as the import market of garments is concerned, it makes up $24366.64 million. The primary garment imports of Spain are from China with $4918.21 million as China is the largest exporter of garments all over the world. Garment imports of Spain from China make up 20.18% of total garment imports. Additionally, Turkey makes up $3170.03 million in terms of imports for Spain bringing a contribution of garment imports of 13.01%. Spain also imports worth 3048 million garments from Bangladesh which makes up 12.51% of the total garment imports for Spain.
Other countries that are major trade partners of Spain for garments include Morocco and Italy. Morocco makes up $2252.42 million of imports of garments for Spain bringing the import contribution to 9.24% while Italy makes up $1518.4 million in garment imports for Spain with an import share of 6.49%. All the remaining countries have a minor proportion of garment imports from Spain.
Conclusion
Spain is among one the leading garment manufacturers in the world. While the Chinese’ garment industry is quite a strong one and giving a tough time to all other countries, Spain and many other countries are also performing well. However, Spain needs to evaluate the aspect that it is in a net loss in terms of trade because the garment imports are higher than the garment exports. With a little effort, Spain can gain many ranks in terms of domestic garment sales as well as exports.