Rapid economic transformation and government efforts have made China a dominant player in the global textile and apparel trade. Chinese textile and apparel products now constitute an important segment of apparel and textile markets of various developed and developing economies. The country has gained a competitive edge on account of its favorable economic environment, government support, tariffs and tax incentives, SEZ culture, and low labor and raw material cost.
The changing retail industry landscape, coupled with rising purchasing power and increasing influence of Western culture, is also giving a new meaning to the domestic apparel market of China. The emergence of middle class, growing young population and rapid globalization of culture is fuelling the demand for branded apparel in the country. This is attracting the foreign and domestic players to tap the rising demand of branded (as well as mass) segment products.
The emergence of China as one of the largest consumer markets will spur the apparel consumption in coming years. Consumers will prefer more fashionable and branded products. Despite the rise in purchasing power and preference for branded products, mass segment products will continue dominating the apparel purchase in the country. Changing trends and rising consumption will give rise to a new era of apparel and textile industry in China, says "China Apparel Industry-New Opportunities for Growth", a new research report. As per the report, global financial crisis of 2008 and changing market conditions worldwide will hardly affect China¡¯s dominance in apparel and textile industry.
The research report critically evaluates the current and past performance of the industry and gives a detailed overview on it. It thoroughly discusses factors critical to the success of the apparel and textile industry in China. The report is aimed at offering clients a strategic insight into the concerned industry so that they can better analyze the opportunities which they can leverage to become the market leader.
Table of Contents
1. Analyst View
2. Industry Trends
2.1 Economic Environment
2.2 Purchasing Power
2.3 Consumer Expenditure
2.4 Online Garment Sales
2.5 Demographics
3. Industry Snapshot
3.1 Apparel Industry
3.1.1 Casual Wear
3.1.2 Men's Wear
3.1.3 Ladies Wear
3.1.4 Children's Wear
3.1.5 Knitted Undergarments
3.1.6 Trousers and Leather Wear
3.1.7 Woolen and Thermal Wear
3.1.8 Sportswear
3.2 Textile Production
3.2.1 Yarn
3.2.2 Garment
3.2.3 Chemical Fiber
3.2.4 Clothes
3.2.5 Non-woven Textiles
3.2.6 Cotton
3.3 Exports
4. Apparel and Textile Clusters
5. Emerging Trends
5.1 Clothing Market
5.2 Textile Machinery Industry
5.3 Young Population
5.4 Emerging Middle Class
5.5 Brand-conscious Population
6. Roadblocks and Recommendations
6.1 US Recession
6.2 Rising Cost and Yuan Appreciation
6.3 Rising Labor Costs
7. Key Players
7.1 Youngor Group
7.2 ROMON Group Co., Ltd.
7.3 Giordano International Limited
7.4 BAOXINIAO Group
7.5 Weiqiao Textile Company Limited
7.6 Donna Karan International
7.7 Giorgio Armani
7.8 Calvin Klein, Inc.
7.9 LVMH
List of Figures:
Figure 2-1: Real GDP Growth (%), 2002-2008
Figure 2-2: Nominal GDP (Billion US$), 2002-2011
Figure 2-3: Per Head Disposable Income (US$), 2005-2011
Figure 2-4: Median Household Income (US$), 2005-2011
Figure 2-5: Consumer Expenditure (Billion US$), 2005-2011
Figure 2-6: Online Garment Sales (Billion Yuan), 2008 & 2011
Figure 2-7: Population (Million), 2005-2011
Figure 3-1: Apparel and Textile Industry (Trillion Yuan), Jan-May 2008 & Jan-May 2009
Figure 3-2: Forecast for Apparel Industry (Billion US$), 2009-2011
Figure 3-3: Share of Casual Wear in Apparel Sales (2003-2008)
Figure 3-4: Casual Wear Sales by Product (%), 2008
Figure 3-5: Share of Casual Wear in Apparel Sales by Product (2003-2008)
Figure 3-6: Share of Men's Wear in Apparel Sales (2003-2008)
Figure 3-7: Men's Wear Sales by Product (%), 2008
Figure 3-8: Share of Men's Wear in Apparel Sales by Product (2003-2008)
Figure 3-9: Share of Ladies Wear in Apparel Sales (2003-2008)
Figure 3-10: Share of Children's Wear in Apparel Sales (2003-2008)
Figure 3-11: Share of Knitted Undergarments in Apparel Sales (2003-2008)
Figure 3-12: Share of Trousers and Leather Wear in Apparel Sales (2003-2008)
Figure 3-13: Share of Woolen and Thermal Wear in Apparel Sales (2003-2008)
Figure 3-14: Sports Wear Market (Billion Yuan), 2008-2011
Figure 3-15: Yarn Production (Million Tons), 2001-2008
Figure 3-16: Garment Production (Billion Pieces), Jan-Apr 2008 & Jan-Apr 2009
Figure 3-17: Chemical Fiber Production (Million Tons), 2001-2008
Figure 3-18: Cloth Production (Billion Meter), 2001-2008
Figure 3-19: Non-woven Textile Production (Million Tons), Jan-Apr 2008 & Jan-Apr 2009
Figure 3-20: Cotton Production (Million Tons), 2001-2008
Figure 3-21: Cotton Fiber Production (Billion Meter), 2005 & 2006
Figure 3-22: Textile and Garments Export (Billion US$), H1 2008 & H1 2009
Figure 3-23: Textile & Garments Export (%), H1 2009
Figure 3-24: Garments Export by Country (%), 2008
Figure 5-1: Import and Export of Textile Machinery (Billion US$), 2007 & 2008
Figure 5-2: Share of Young Population in Total Population (2008-2011)
Figure 5-3: Middle Class Population (Million), Jan 2005, Jan 2007 & Jan 2012
Figure 5-4: Brand-conscious Population (Million), 2004-2010
List of Tables:
Table 2-1: Population Breakup by Age Group (%), 2008 & 2011
Table 3-1: Apparel Sales by Type in Major Department Stores (Million Units), 2007 & 2008
Table 3-2: Casual Wear Market by Brand (%), 2007
Table 3-3: Men's Wear Market by Brand (%), 2007
Table 3-4: Women Apparel Retail Sales by Channel (Billion Yuan), 2004 & 2007
Table 3-5: Ladies Wear Market by Brand (%), 2007
Table 3-6: Children's Wear Market by Brand (%), 2007
Table 3-7: Sports Wear Market by Brand (%), 2007
Table 3-8: Yarn Production by Major Province (Million Tons), 2006
Table 3-9: Garment Production by Major Province (Billion Pieces), Jan-Mar 2007
Table 3-10: Chemical Fiber Production by Major Province (Million Tons), 2006
Table 3-11: Cloth Production by Major Province (Billion Meter), 2006
Table 3-12: Non-woven Textile Production by Major Province (Million Tons), Jan-Mar 2007
Table 4-1: Major Apparel and Textile Clusters
Table 6-1: Real GDP Growth by Region (%), 2007-2011
Table 6-2: Currency Conversion Rate (Yuan), 2006-2008
Table 6-3: Ease of Employing Workers in Comparison to Major Asian Countries (Ranking out of 178), 2007
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