Islamic Clothing Industry Is Still Short Of Top Fashion Brands, Which Contains Huge Business Opportunities.

Dubai merchants

(Dubai Chamber of Commerce and Industry) according to the analysis report of Islamic Clothing and garment design industry by Thomson Reuters Group (Thomson Reuters), because of the lack of Islamic business brand that can meet the needs of Muslims, especially women groups, there is a huge gap between the clothing and design industry of the world.

The analysis regards Islamic dress and costume design as one of the "pillar industries" of the Islamic economy with "huge potential for development", and the Islamic economy provides opportunities for the development of this market.

Abdurrahmangula Lee, chairman of Dubai commerce and Industry Council (H.E. Abdul Rahman Al Ghurair), believes that there are 1 billion 600 million Muslims in the world, accounting for 23% of the world's total population, but the Islamic clothing market lacks the top commercial brands. The result is that the general public can not interest in it, nor will they pay attention to the fashion trend in this field.

At present, this lack is filled by some world-renowned clothing brands, though these brands can not fully meet the needs of Islamic customer groups.

In the Islamic world, there is no household name brand. In 57 Islamic countries, some local clothing enterprises supply the market according to local cultural design and production of clothing.

In 2012, world clothing consumption totaled 2 trillion and 100 billion dollars, and Muslims worldwide spent 224 billion dollars on clothing purchases, accounting for 10.6% of global clothing consumption.

In 2018, the total consumption of clothing in the world is expected to reach 2 trillion and 900 billion dollars, and the Muslim community's spending in this regard is expected to reach 332 billion, accounting for 11.2% of the world's total consumption.

Islam

The consumer market, like other markets, occupies an important share in the world clothing market.

In 2012, the world's major clothing consumption markets were: US $494 billion, China $221 billion, Japan $111 billion, Russia $106 billion and Germany's $101 billion.

In 2012, in Muslim dominated countries, Turkey accounted for the first place in the consumption of Islamic Clothing of $24 billion 900 million. Iran was 20 billion 500 million dollars, followed by Indonesia's 16 billion 800 million dollars, Egypt's 16 billion 200 million dollars, Saudi Arabia's 15 billion 300 million dollars, Pakistan 14 billion 400 million dollars, and UAE 10 billion 200 million dollars.

Besides, it is worth mentioning that in 2012, the clothing consumption of Muslims in Europe, the United States and Canada reached US $21 billion, so the total consumption of Islamic Clothing in western countries followed Turkey and ranked second in the Islamic world.

The analysis shows that in 2012, the trade surplus of the "Islamic Cooperation Organization" member countries reached 35 billion dollars ($59 billion in exports and $24 billion in imports).

In this area, the Gulf countries imported the largest amount. In 2012, they imported $11 billion 400 million worth of cloth, of which the United Arab Emirates imported 7 billion 200 million dollars and Saudi Arabia followed 3 billion dollars.

In terms of exports, South Asian countries exported the largest amount in the "Islamic Cooperation Organization" countries, reaching 25 billion 900 million US dollars in 2012, of which Bangladesh exports amounted to US $14 billion and Indonesia was US $7 billion 200 million.

The analysis particularly pointed out that the Asia Pacific region with 985 million Muslim populations is likely to flourish in the Islamic garment industry, which accounts for about 24% of the total population of the region.

Moreover, the Middle East and North Africa countries have a higher proportion of Muslim population (341 million), accounting for 93% of the total population of the region.

Analysts believe that in the next period of time, the development of Islamic clothing industry will usher in important development opportunities, garment manufacturers, especially women's clothing.

And the field of fashion design, as well as the logistics industry, e-commerce, business promotion, advertising and financial services, will have the opportunity to profit from it.

In fact, despite the lack of independent brand support, the consumers in the Islamic countries in the Middle East are quite happy: many women's clothing stores in Arabia countries do not have fitting rooms, but after buying clothes, they can go home and try them on. If they are not suitable or dislike, they can have no reason to replace them.

Besides, the prices and services enjoyed by consumers in these countries are not yet accessible to Chinese consumers.

In view of the fact that the Dubai Council of Commerce and industry will cooperate with the world Islamic Economic Forum Fund (WIEF Foundation) in October 30th and hold the Tenth World Islamic Economic Forum in Dubai, the report will have some practical significance for the development of Islamic costume and costume design industry at this time.