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China's apparel market to reach rmb 1.1 trillion in 2016

China's apparel market to reach rmb 1.1 trillion in 2016 Source: www.chinatexnet.com
Date: 05-09-2013
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According to China Apparel Industry Report, 2013-2016, China's apparel market size will reach RMB 1.1 trillion in 2016.

In 2012-2013, China's apparel industry continues the status of adjustment, enterprises focus on destocking, and the production grows at a low speed.

In 2012, China's apparel output was 26.728 billion pcs, up 6.2% year on year, the growth rate declined by 1.94 percentage points. In the first quarter of 2013, China's apparel output was 5.754 billion pcs, up 1.06% year on year; the growth rate fell by 6.89 percentage points year on year.

Men's wear is the fastest growing sector of China's apparel market, and its share in the overall apparel market capacity increased from 36.6% in 2003 to 47.0% in 2012. In the future, with the rise of the middle class, Chinese men are paying more and more attention to appearance and fashion, and show stronger preference for apparel. The domestic men's wear market sales are expected to reach RMB408.4 billion in 2016.

The women's wear sector is shifting from labor intensive to knowledge-intensive, with still robust market demand. In the future, women's wear enterprises will face the challenges from corporatization, branding and scale, and will focus on the operation of brands and value.

In the kids' wear sector, major apparel brands are vigorously scrambling for market share. Adidas, Nike, Anta, Li Ning, 361°, Septwolves, Bosideng, Kang Nai, Yishion, Giordano have entered the kids' wear market. Balabala, a representative brand of kids' wear, is developed by Semir. In the future, kids' wear will become the fastest growing apparel sector in China with the arrival of the baby boom.

China Apparel Industry Report, 2013-2016 contains six chapters and 159 charts, analyzes the overall output, sales volume, import and export, prices of China's apparel industry as well as the market overview, competitive landscape and future development trends of major industry segments (men's wear, women's wear and kids' wear), and introduces the profile, financial condition, capacity distribution, product types, cost analysis, operation of subsidiaries, and corporate development strategy of 17 major apparel companies including Youngor, Septwolves, BXN, Joeone, Semir and Lancy.
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