Data Briefing: Clothing and Footwear Market Growth Microsoft Word - Data Briefing Apparel Growth...
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1 AUGUST 12, 2016 DEBORAH WEINSWIG, MANAGING DIRECTOR, FUNG GLOBAL RETAIL & TECHNOLOGY [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2016 The Fung Group. All rights reserved. Data Briefing: Clothing and Footwear Market Growth In this briefing, we wrap up data on apparel and footwear markets to show their growth trajectories in selected major countries. In the first section, we provide year-over-year growth rates for the apparel and footwear markets in the UK, Germany, France and the US, based on consumer-spending data from the countries’ respective national statistics offices. In the second section, we show growth rates and forecasts from market-research firm Euromonitor International. We provide growth rates for spending in current prices and in constant prices—i.e., including inflation and excluding inflation. All growth rates are based on data in national currencies, to exclude currency effects. As the tables below show, in both current prices and constant prices, the clothing and footwear markets in the UK, Germany, France and the US continued to register positive growth in 2015.
Transcript of Data Briefing: Clothing and Footwear Market Growth Microsoft Word - Data Briefing Apparel Growth...
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AUGUST12,2016
DEBORAHWEINSWIG,MANAGINGDIRECTOR,FUNGGLOBALRETAIL&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.
Data Briefing: Clothing and Footwear Market Growth Inthisbriefing,wewrapupdataonapparelandfootwearmarketstoshowtheirgrowthtrajectoriesinselectedmajorcountries.Inthefirstsection,weprovideyear-over-yeargrowthratesfortheapparelandfootwearmarketsintheUK,Germany, France and the US, based on consumer-spending data from the countries’ respective national statisticsoffices. In the second section, we show growth rates and forecasts from market-research firm EuromonitorInternational.
Weprovidegrowthratesforspendingincurrentpricesandinconstantprices—i.e.,includinginflationandexcludinginflation.Allgrowthratesarebasedondatainnationalcurrencies,toexcludecurrencyeffects.
Asthetablesbelowshow, inbothcurrentpricesandconstantprices,theclothingandfootwearmarkets intheUK,Germany,FranceandtheUScontinuedtoregisterpositivegrowthin2015.
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AUGUST12,2016
DEBORAHWEINSWIG,MANAGINGDIRECTOR,FUNGGLOBALRETAIL&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.
1. ConsumerSpendingonClothingandFootwearfromNationalStatisticsOfficesOfthesefourmajorcountries,theUKhasbeenrecordingthestrongestgrowthinconsumerspendingonapparelandfootwear,althoughgrowthratesweakenedinthefirstquarterof2016.
Clothing,AccessoriesandFootwear 2010 2011 2012 2013 2014 2015 1Q16UK 3.9 6.1 2.9 4.2 6.7 5.8 4.5Germany 2.1 3.3 3.5 0.9 2.0 1.8 0.4France 0.1 (0.6) (0.2) 0.1 0.2 0.4 N/AUS 4.6 5.7 4.5 2.6 2.0 2.3 1.3
Clothing 2010 2011 2012 2013 2014 2015 1Q16UK 2.8 7.0 2.0 4.1 6.2 6.2 3.4Germany* 3.2 3.2 3.8 0.2 2.1 N/A N/AFrance** (0.4) (1.2) 0.0 0.0 0.3 0.4 N/AUS** 4.5 5.7 4.3 2.3 1.9 2.3 0.7*Noclothing/footwearsplitsince2014;includesaccessories**IncludesaccessoriesFootwear 2010 2011 2012 2013 2014 2015 1Q16UK 1.9 0.3 6.4 1.9 12.1 7.6 8.4Germany* (3.3) 3.9 2.0 4.3 1.5 N/A N/AFrance 2.4 1.6 (0.8) 0.7 0.0 0.2 N/AUS 5.2 6.2 5.5 4.3 2.2 2.1 3.5*Noclothing/footwearsplitsince2014
Clothing,AccessoriesandFootwear 2010 2011 2012 2013 2014 2015 1Q16UK 4.9 3.8 2.1 3.2 6.2 6.2 4.3Germany 1.2 1.3 0.8 (0.1) 1.1 1.1 0.4France (0.4) (1.3) (2.2) (0.7) 0.2 1.2 N/AUS 5.3 3.9 1.1 1.8 1.7 3.7 1.7
Clothing 2010 2011 2012 2013 2014 2015 1Q16UK 3.9 3.5 1.1 2.8 5.6 6.6 3.2Germany* 2.3 1.1 1.1 (0.6) 1.2 N/A N/AFrance** (0.7) (1.7) (2.2) (0.6) 0.4 1.6 N/AUS** 5.6 3.5 0.7 1.8 1.6 4.2 1.3*Noclothing/footwearsplitsince2014;includesaccessories**Includesaccessories
Footwear 2010 2011 2012 2013 2014 2015 1Q16UK 2.7 3.5 6.6 2.9 11.9 8.4 8.7Germany* (4.2) 2.6 (0.4) 2.6 0.7 N/A N/AFrance 1.0 0.4 (2.3) (1.2) (0.9) (0.1) N/AUS 4.2 5.9 2.8 1.8 1.9 1.0 3.0 *Noclothing/footwearsplitsince2014Source:OfficeforNationalStatistics/StatistischesBundesamt/Eurostat/USBureauofEconomicAnalysis
AtConstantPrices(i.e.,ExcludingInflation):YoY%Change
AtCurrentPrices(i.e.,IncludingInflation):YoY%Change
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AUGUST12,2016
DEBORAHWEINSWIG,MANAGINGDIRECTOR,FUNGGLOBALRETAIL&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.
2. ClothingandFootwearMarketSizesfromEuromonitorInternationalInthissection,weprovidemarket-growthdataandforecastsfrommarket-researchfirmEuromonitor International.The growth rates fromEuromonitor Internationalmaydiffer from those in the section above,whichwere derivedfromdatafromthenationalstatisticsofficesofthefourcountriesunderdiscussion.Thesedifferencescanbeduetodifferentdefinitions(suchascategorydefinitionsorexclusionsofcertainchannels,suchasinformalretailorduty-freeretail)anddifferentresearchmethodologies.
AtCurrentPrices(i.e.,IncludingInflation):YoY%Change
2010 2011 2012 2013 2014 2015 2016E 2017E
2018E
2019E
2020E
ApparelandFootwear World* 5.6 5.1 4.9 4.3 4.4 4.5 5.8 6.5 7.0 7.7 8.9ApparelandFootwear US 5.8 3.0 2.2 2.2 2.4 3.5 4.6 4.3 4.0 3.9 3.7ApparelandFootwear France 0.2 0.3 (1.2) (0.9) (1.0) (0.5) 0.2 0.6 1.0 1.2 1.1ApparelandFootwear Germany 2.6 1.7 1.8 (0.4) 1.1 0.1 1.4 1.7 1.6 1.8 2.1ApparelandFootwear UK 1.7 2.5 3.1 2.7 1.7 0.8 2.1 2.3 2.2 2.2 2.3Apparel World* 5.3 4.8 4.9 4.1 4.0 4.2 5.5 6.1 6.5 7.2 8.1Apparel US 5.7 2.1 2.6 2.1 1.4 2.4 4.1 3.7 3.4 3.4 3.1Apparel France (0.3) (0.1) (1.2) (0.7) (0.8) (0.7) (0.2) 0.2 0.5 0.9 0.8Apparel Germany 2.5 2.1 2.1 (0.3) 1.0 0.2 1.5 1.6 1.4 1.6 1.8Apparel UK 1.5 2.4 3.1 2.5 1.5 0.6 1.9 2.2 2.1 2.2 2.3Footwear World* 6.8 6.3 5.3 5.1 5.7 5.7 7.0 7.9 8.8 9.8 11.5Footwear US 6.3 6.3 1.0 2.3 6.1 7.2 6.7 6.3 6.0 5.8 5.5Footwear France 2.2 1.8 (1.0) (1.7) (2.0) 0.2 1.9 2.4 2.7 2.6 2.5Footwear Germany 3.1 (0.7) 0.2 (1.2) 1.6 (0.4) 1.1 2.0 3.1 3.4 3.5Footwear UK 3.0 3.1 2.9 3.9 3.0 2.0 3.2 3.3 2.9 2.6 2.3
*BasedondatainUSDatfixed2015exchangeratesSource:EuromonitorInternational
AtConstantPrices(i.e.,ExcludingInflation):YoY%Change
2010 2011 2012 2013 2014 2015 2016E 2017E 2018E 2019E 2020EApparelandFootwear World* 2.9 1.1 2.0 1.6 1.6 2.0 2.4 2.7 2.7 2.7 2.8ApparelandFootwear US 4.1 (0.2) 0.2 0.7 0.8 3.2 2.8 2.5 2.2 1.9 1.7ApparelandFootwear France (1.3) (1.8) (3.1) (1.7) (1.5) (0.8) (0.9) (0.7) (0.6) (0.5) (0.8)ApparelandFootwear Germany 1.5 (0.4) (0.2) (1.9) 0.2 (0.3) (0.3) (0.3) (0.4) (0.2) 0.1ApparelandFootwear UK (1.6) (1.9) 0.3 0.2 0.3 0.6 0.5 0.4 0.2 0.2 0.3Apparel World* 2.6 0.8 2.0 1.5 1.4 1.9 2.3 2.5 2.5 2.5 2.6Apparel US 4.0 (1.0) 0.5 0.6 (0.2) 2.2 2.2 1.9 1.6 1.3 1.1Apparel France (1.8) (2.2) (3.1) (1.5) (1.3) (1.0) (1.3) (1.2) (1.1) (0.9) (1.2)Apparel Germany 1.4 0.0 0.1 (1.7) 0.1 (0.2) (0.2) (0.3) (0.6) (0.4) (0.2)Apparel UK (1.8) (1.9) 0.3 0.0 0.1 0.4 0.3 0.2 0.1 0.2 0.3Footwear World* 4.0 2.2 2.2 2.2 2.6 2.5 3.0 3.4 3.5 3.4 3.5Footwear US 4.6 3.0 (1.0) 0.9 4.4 7.0 4.8 4.4 4.1 3.7 3.4Footwear France 0.6 (0.3) (2.9) (2.6) (2.4) (0.1) 0.8 1.0 1.1 0.8 0.5Footwear Germany 1.9 (2.7) (1.8) (2.7) 0.7 (0.8) (0.6) 0.1 1.0 1.4 1.5Footwear UK (0.3) (1.3) 0.1 1.3 1.5 1.8 1.7 1.3 0.9 0.6 0.2
*BasedondatainUSDatfixed2015exchangeratesSource:EuromonitorInternational
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AUGUST12,2016
DEBORAHWEINSWIG,MANAGINGDIRECTOR,FUNGGLOBALRETAIL&[email protected]:917.655.6790HK:852.6119.1779CN:86.186.1420.3016Copyright©2016TheFungGroup.Allrightsreserved.
DeborahWeinswig,CPAManagingDirectorFungGlobalRetail&TechnologyNewYork:917.655.6790HongKong:852.6119.1779China:86.186.1420.3016deborahweinswig@fung1937.comJohnMercerSeniorAnalystHONGKONG:10thFloor,LiFungTower888CheungShaWanRoad,KowloonHongKongTel:85223002470LONDON:242-246MaryleboneRoadLondon,NW16JQUnitedKingdomTel:44(0)2076168988NEWYORK:1359Broadway,9thFloorNewYork,NY10018Tel:6468397017FBICGROUP.COM
