Clothing And Footwear Industry In Dubai Is Warming Up
The Dubai chamber of Commerce and Industry issued a report that since 2010, the market of clothing and footwear industry in Dubai has increased by 5.5% annually, and the market value is expected to reach US $12 billion 800 million.
According to market data and market analysis, the Dubai apparel industry has a market value of US $10 billion 400 million and a compound annual growth rate of 5.8%.
However, it has matured.
footwear
The growth of the sports apparel market is relatively slow, with a rough estimate of $2 billion 400 million and $1 billion respectively.
The Dubai chamber of Commerce and industry report shows that as a shopping center for luxury goods and high-end products in Dubai, mid-range brands are beginning to be favored by tourists.
The report said that in the past 5 years, the composite annual growth rate of Dubai's electronic products market was 8.9%, with an estimated market value of US $2 billion 400 million.
In the next 5 years, the average annual growth rate is expected to increase by 4.7% to 2020.
market value
More than 3 billion dollars.
In addition, the market value of beauty and personal care in Dubai in 2015 was 1 billion 200 million dollars, the market for public beauty and personal care products accounted for 51%, sales volume was 616 million dollars, high-end beauty and personal care products accounted for 37%, and sales volume was 449 million dollars.
The report says it is expected this year.
Dubai
Clothing and footwear industry market value of $13 billion 500 million, as of 2020, the clothing and footwear industry average annual compound growth rate remained 6.6%, the market value of more than 17 billion U. S. dollars.
The clothing industry is expected to maintain an average annual growth rate of 6.9% by 2020. The growth of footwear and sportswear is relatively mild, and the composite annual growth rate is expected to remain 5% and 5.6%, respectively. The market value is expected to reach 3 billion and 1 billion 300 million US dollars respectively by 2020.
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