Fashion: SMI, menswear exports up + 16.4% in 2021

(ANSA) – FLORENCE, NOV 16 – After a rather difficult 2020 and a slow recovery in 2021, Italian men’s fashion is preparing for a real recovery for 2023 after a 2022 that will still be fluctuating. Based on data released today by Sistema Moda Italia in the presentation conference of Pitti Immagine Uomo 101 (Florence 11-13 January 2022), from January to July 2021 exports recorded an increase of + 16.4% reaching the 3.8 billion euros in total, while imports grew by + 1.7% reaching a total of 2.5 billion euros. ” There is a regrowth in exports – says Claudio Marenzi, president of Pitti – but we have to get used to market schizophrenia in 2022 as well, I believe that from 2023 there will be a real recovery ”. The Italian fashion industry followed the positive wave of the recovery but was not among the most dynamic sectors: total turnover in the first eight months of 2021 grew by + 19%, compared to the average of the manufacturing industry. + 26%. As regards exports, both the EU and non-EU areas are growing, including the USA, China and South Korea. The United Kingdom is down. Looking to the next few months, 2022 will be a year of consolidation in which revenues will be able to return to pre-crisis levels. (HANDLE).

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