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The fashion system is growing again

 

In 2014 the overall turnover in the textile clothing segment exceeded 52 billion euros, a growth of over 1.3 billion compared to 2013 (+2,7%). This figure was officially announced at the annual meeting of the Italian Fashion System. The forecasts for 2015 suggest a further increase of 3.8%.

Above all, decisive for this increase in turnover were exports that recorded an average growth of 3.8%, with an overall value of almost 28.5 billion euros (equal to 54,7% of total turnover). More specifically, the exports to EU showed an increase of 4.6%, with a good performance also of the exports to non EU Countries, risen by 2.9%, despite the problems on the Russian market. At the same time, imports showed a reversal trend growing at fast rates, +8%: this figure would suggest a recovery in domestic demand. The balance widely confirms this positive trend established at 9.2 billions. With regard to the spinning sector, the production increase in 2014 was equal to + 3,3% and forecasts for 2015 show a growth of + 2,9% (SMI data).

This means that the entire Italian textile-fashion industry starts to grow again, as underlined by, Claudio Marenzi, president of SMI: “The textile-clothing industry is recovering thanks to the cohesive and co-ordinated work of the entire supply chain, mainly expressed in the export promotion as well as in the efforts made to support the Made in Italy on international markets, and even more in the emerging ones”.

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