Continuous growth for Europe’s luxury goods industry
17/12/2014
Representatives of shoes, leathergoods, fashion, jewellery, watches, perfume, cosmetics, accessories, furniture, gastronomy, leisure, cars, wines and spirits, combined a few years ago to form the European Cultural and Creative Industries Alliance (ECCIA) in Brussels. A new, independent report into this group of industries’ contribution to the European economy has revealed that its sales grew by 27.8% from 2010 to 2013, reaching €547 billion. Over 60% of the production is exported, bringing in revenues of more than €300 billion.
EU manufacturers of these luxury products have a 70% share of the global market and combine to provide employment, directly and indirectly, to 1.7 million people in the European Union.
Presenting the new figures at a meeting in Brussels in mid-December, the European Commissioner for internal market, industry, entrepreneurship and small businesses, Elzbieta Bienkowska, said she intended to launch an in-depth study on how to develop a specific action plan for the creative industries sector, aimed at giving EU manufacturers better access to global markets and more protection against counterfeiting.
Image courtesy of GDS.
Share this story:
