Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#33 In EuropeBusiness
#32 In EuropeEmployees
#32 In EuropeWages
#32 In EuropeEurope's clothing manufacturing industry is largely driven by its reputation for upscale brands and high-end fashion. Countries like Italy and France have a renowned reputation for manufacturing high-quality apparel, which is in demand globally. As a result, industry revenue largely follows trends in disposable income and consumer spending. Clothing manufacturers have faced challenges brought on by the COVID-19 pandemic, severe inflation and foreign competition. Despite these challenges, the digital revolution has inspired new avenues for growth with the rise of e-commerce, which has become an increasingly central consumer shopping practice. Revenue is expected to slump at a compound annual rate of 5.5% to €97.8 billion over the five years through 2024, including a 3.6% drop in 2024.
Enterprises
Number of businesses in 2024
Biggest companies in the Clothing Manufacturing in Cyprus
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
LVMH Moët Hennessy Louis Vuitton SE | 91,444.0 | 24,908.5 | 27.2 | |
Industria de Diseño Textil SA | 41,072.5 | 13,006.5 | 31.7 | |
Giorgio Armani SpA | 2,654.8 | 212.8 | 8.0 |
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Top Questions Answered in this Report
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What is the market size of the Clothing Manufacturing industry in Cyprus in 2024?
The market size of the Clothing Manufacturing industry in Cyprus is €9.2m in 2024.
How many businesses are there in the Clothing Manufacturing in Cyprus industry in 2024?
There are 136 businesses in the Clothing Manufacturing industry in Cyprus, which has declined at a CAGR of 3.7 % between 2019 and 2024.
Has the Clothing Manufacturing industry in Cyprus grown or declined over the past 5 years?
The market size of the Clothing Manufacturing industry in Cyprus has been declining at a CAGR of 3.7 % between 2019 and 2024.
What is the forecast growth of the Clothing Manufacturing industry in Cyprus over the next 5 years?
Over the next five years, the Clothing Manufacturing industry in Cyprus is expected to decline.
What are the biggest companies in the Clothing Manufacturing market in Cyprus?
The biggest companies operating in the Clothing Manufacturing market in Cyprus are LVMH Moët Hennessy Louis Vuitton SE, Industria de Diseño Textil SA and Giorgio Armani SpA
What does the Clothing Manufacturing in Cyprus include?
Outerwear and Underwear are part of the Clothing Manufacturing industry.
Which companies have the highest market share in the Clothing Manufacturing in Cyprus?
The company holding the most market share in Cyprus is LVMH Moët Hennessy Louis Vuitton SE.
How competitive is the Clothing Manufacturing industry in Cyprus?
The level of competition is moderate and steady in the Clothing Manufacturing industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Textile Weaving in Cyprus
- Sports Goods Manufacturing in Cyprus
Complementors
- Clothing, Textiles & Footwear Wholesaling in Cyprus
- Department Stores in Cyprus
- Textile Retailing in Cyprus
- Clothing, Footwear & Leather Goods Retailing in Cyprus
Table of Contents
About this industry
Industry definition
Firms in this industry manufacture clothing from a wide range of materials. Products include ready-to-wear and made-to-measure clothing, workwear, and casual and formal apparel. Underwear and hosiery manufacturing is also included in the industry.
Related Terms
Fast FashionOnline Pure PlayerEthical ConsumerismWhat's included in this industry?
OuterwearUnderwearWorkwearAccessoriesKnitted and crochet clothingCoats, jackets, blazers and other outdoor clothingArticles of furCompanies
LVMH Moët Hennessy Louis Vuitton SEIndustria de Diseño Textil SAGiorgio Armani SpAIndustry Code
141 - Manufacture of wearing apparel, except fur apparel in Cyprus
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Clothing Manufacturing in Cyprus industry?
Outlook
Analysis
What's driving the Clothing Manufacturing in Cyprus industry outlook?
Volatility
Analysis
What influences volatility in the Clothing Manufacturing in Cyprus industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Clothing Manufacturing in Cyprus industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
E-commerce is driving Europe's clothing industry growth. By selling online, brands are reaching more customers, benefiting from lower costs and meeting demand for variety and convenience.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Clothing Manufacturing in Cyprus industry's products and services performing?
Analysis
What are innovations in the Clothing Manufacturing in Cyprus industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Clothing Manufacturing in Cyprus industry?
International Trade
Highlights
- Total Imports into Cyprus
- Total Exports into Cyprus
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Innovation and brand reputation drive market share in European clothing manufacturing. Successful operators stand out by offering high-quality, unique products and by building strong, trusted household names among consumers.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Clothing Manufacturing in Cyprus located?
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Various regulations impact the European clothing manufacturing industry. Policies across Europe focus on sustainability, fair trade and labelling among others, shaping manufacturing processes and consumer choices.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Clothing Manufacturing in Cyprus industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising production costs are squeezing profitability. Spiking inflation, costlier raw materials, expensive energy and higher labour costs have all contributed, forcing many manufacturers to pass on increased costs to consumers.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Clothing Manufacturing in Cyprus industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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