According to STS Group’s recent textile and apparel market report, the global textile and apparel market will be worth approximately US$573.22 billion in 2022. Vietnam, China, India, Bangladesh, and Turkey have become the major textile and apparel markets. Exporting countries, together account for more than 55% of global apparel exports.
Vietnam’s textile and clothing exports will reach US$44 billion in 2022, becoming the world’s third largest exporter.
The global textile and apparel market is expected to grow by 6.6% to US$610.9 billion in 2023.
