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Global textile industry market size!

With the continuous development of the global textile industry, its pattern has gradually stabilized. At present, the United Kingdom, the United States, Japan, South Korea and other traditional textile powers mainly focus on the design and research and development of new textile fibers, while the center of gravity of global textile production is still concentrated in Asia, especially China and Southeast Asia.

In the absence of a clear international definition of the textile industry, the market size of the global textile industry will be estimated mainly based on statistical data. According to the data in 2022, the total amount of fiber processing in China's textile industry exceeds 60 million tons, accounting for more than half of the global total. Looking ahead, the global production and demand for fiber products will be basically the same. According to various data, the market size of the global textile industry in 2023 is about 4,575.8 billion yuan. It is expected that by 2030, the market size is expected to reach 6,494 billion yuan, with a compound annual growth rate of 2.5%.