Industry Analysis & Industry Trends
For over a decade, apparel manufacturing in developed countries has been increasingly difficult to maintain due to large increases in low-cost output from developing countries. The United Kingdom is no exception, with industry revenue declining at an estimated annualised rate of 10.4% from 1999-00 to 2011-12, and with continued falls forecast in future years. However, industry revenue declines generally slowed in the five-year period to 2011-12, with annualised falls of 7.9% to £2.13 billion, which includes a 20.2% drop in 2009-10. IBISWorld estimates that industry revenue fell by 4.2% in 2011-12.
Competing low-price imports have contributed to industry declines. In 2011-12, competing imports are estimated to account for 82.4%.. purchase to read more
Industry Report - Industry Locations Chapter
London is the largest geographic region for apparel manufacturers, accounting for an estimated 30.1% of total industry revenue in 2011-12, up from 29.3% in 2006-07, and from 18.8% in 1999-00. However, this significant percentage increase in the past decade is the result of the industry shrinking at a faster rate across the United Kingdom, rather than any industry expansion in London. Apparel manufacturers in London have the advantage of being close to key markets and a large number of retailers. Also, a shift towards, high-end, trendy and edgy clothing has seen some of these niche manufacturers develop clothing ranges that have attracted a loyal client base, benefitting both manufacturer and retailer... purchase to read more