IDEAS home Printed from https://ideas.repec.org/p/bdi/opques/qef_971_25.html
   My bibliography  Save this paper

Fading glamour: are Italy's fashion exports in trouble?

Author

Listed:
  • Gloria Allione

    (Bank of Italy)

  • Marco Errico

    (Bank of Italy)

  • Claire Giordano

    (Bank of Italy)

Abstract

Historically, Italy has been known for its successful fashion industry (textiles, wearing apparel and leather). This article analyses the drivers of the recent downturn in the country's fashion exports. Over the years 2019-24, Italy's fashion export share in world markets remained stable, as a result, however, of weakening exports matching sluggish global demand. In 2022-24, the volume of Italy's fashion exports declined significantly; the fall was broad-based across the three branches and particularly marked for leather goods. Foreign sales for Italy's top 1 per cent of fashion exporters contracted the most; luxury goods exporters fared worse than 'fast-fashion' firms, especially in the leather goods branch. In the short term, demand for Italy's fashion exports is not expected to strengthen; US tariffs and Chinese export diversion to third markets pose downward risks, despite a possible buffer stemming from the high-quality positioning of Italy's exports.

Suggested Citation

  • Gloria Allione & Marco Errico & Claire Giordano, 2025. "Fading glamour: are Italy's fashion exports in trouble?," Questioni di Economia e Finanza (Occasional Papers) 971, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:opques:qef_971_25
    as

    Download full text from publisher

    File URL: https://www.bancaditalia.it/pubblicazioni/qef/2025-0971/QEF_971_25.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • L67 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Consumer Nondurables: Clothing, Textiles, Shoes, and Leather Goods; Household Goods; Sports Equipment
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bdi:opques:qef_971_25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/bdigvit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.