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Fashion

What is the fashion industry?

The fashion industry is one of the most beneficial and time-honoured economic segments. It focuses on producing, manufacturing, retailing, and marketing fashion wares. Such items include textiles, footwear, apparel, and accessories. It comprises diverse sectors, including fibres, clothing, footwear, and jewellery. Also, it has links to various other industries. It is due to the importance of its wares and the materials needed for them. These include the eyewear, beauty, agriculture, leather, and graphic design sectors. Likewise, it is linked to the arts, chemistry, entertainment, sports and HoReCa industries. It results in a sector, the apparel manufacturing branch of which spans over 432,500 enterprises. It also results in the global fashion industry employing 11.9% of the world's employment or 430 million professionals.

Is the sector innovative and of high value?

The fashion industry is one of the most high-value sectors. For instance, it has recently reached a market size of $1.84 trillion, thus accounting for 1.65% of the global GDP. The industry has several means of maintaining its position. Among them is the high emphasis on innovation. It is done by studying the most recent market tendencies, consumer requirements, and challenges. These occur through various means, including discussing them during trade expositions.

Where do fashion trade events take place?

Fashion trade expos vary in their hosting times and locations. For instance, some occur every six months in the Germany and France. Some take place every year in the People’s Republic of China, the Italian Republic and the United Kingdom. Some also occur every two years. The industry’s expositions often attract tens of thousands of participants.