WAZIR APPAREL TRADE UPDATE FEB 2025 APPAREL IMPORTS US EU UK. JAPAN. APPAREL RETAIL SCENARIO APPAREL EXPORTS INDIA GLOBAL MARKETS TRENDS CONSUMPTION INSIGHTS REPORT GLOB NATIONAL
NEW DELHI, INDIA
By IFAB MEDIA - NEWS BUREAU - March 6, 2025 | 105 1 minute read
This month’s key highlights are:
Total Apparel Imports in 2024:
- US imports: US$ 80.3 bn, up 2% YoY
- EU imports: US$ 88.2 bn, up 2% YoY
- UK imports: US$ 18.4 bn, down 8% YoY
- Japan imports: US$ 22.5 bn, down 5% YoY
Apparel Exports in Jan. 2025:
- Bangladesh: US$ 3.7bn, up 6% YoY
- India: US$ 1.6 bn, up 14% YoY
Apparel Retail Scenario:
- US apparel store sales in Jan. 2025 are estimated to be 11% higher than Jan. 2024 and home furnishing store sales are estimated to be 25% higher than Jan. 2024
- US clothing and accessories e-commerce sales in 2024 were 2% lower than in 2023
- UK apparel store sales in Jan. 2025 were £ 3.8 bn., which is 27% higher than in January 2024
- UK clothing e-commerce sales in 2024 were same as 2023
In January 2025, US macroeconomic indicators signaled a downturn, as inflation rose for the fourth consecutive month to 3%, while consumer confidence dropped further to 104.1 from 104.7 in the previous month.
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Wazir Advisors Over the years Wazir has placed itself as a premier Indian consulting organization with a special focus on textile and apparel value chain. Our team of textile engineers, sector experts, management graduates and economists have executed a broad range of consulting projects working for reputed Indian and international clients. Wazir has partnered with ITA Germany, an international research institute under RWTH University, Aachen, for offering sustainability and digitalization solutions to textile and apparel players in India and other South Asian countries. With combined expertise, Wazir- ITA can be your solution provider in the shift towards a sustainable future.
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