Second-hand clothing sector contributes $7.6 bn to EU27+ GDP: Report

Date:

Share post:

The second-hand clothing sector—a crucial element in the shift towards a circular textile economy—contributed an estimated total of €7 billion (~$7.6 billion) to the EU and UK’s GDP in 2023, with the sector itself generating €3.0 billion (~$3.2 billion), as per a recent report. In Germany and the UK alone, the industry contributed €670 million (~$720 million) and €420 million (~$450 million) to GDP, respectively.

In 2023, the sector supported an estimated 150,000 jobs in the EU27+. Of these 110,000 were green jobs directly in the industry, with opportunities particularly for people with little formal education. Eight out of 10 (79 per cent) of the workforce were women, and many employment opportunities were created in lower-income countries such as Bulgaria, Romania and Poland, according to the report titled ‘The Socio-Economic Impact of Second-Hand Clothes (SHC) in Africa and the EU27+’.

The report was commissioned by Humana People to People and Sympany+. It is the first comprehensive analysis of the sector’s entire value chain and an attempt to quantify the sector’s socio-economic impacts across two continents. It addresses existing knowledge gaps, offering insights that were previously unavailable at this scale, focusing on the EU27+ and Ghana, Kenya and Mozambique.

spot_img

Related articles

UK’ John Lewis appoints Jacqui Markham as new creative head of fashion

John Lewis has appointed Jacqui Markham as its new Fashion Creative Director. She will lead the creative direction...

The timeless beauty of Bengali Alta and traditional glass bangles

April 14, circa 1996. One can still remember the hush, the reverence, the excitement when a small bottle...

US’ Gap & FIT launch programme to mentor fashion students

At the FIT Annual Gala on April 14, Gap Inc. President & CEO Richard Dickson (NYSE: GAP) announced...

Stylish sarees and blouses that shine beyond just Pahela Baishakh

We Bengalis wait with bated breath throughout the year for the auspicious moment when all that is old...