China Apparel Industry - New Opportunities for Growth

Publication Date	October 2009
Publisher	RNCOS
Product Type	Report
Pages	75
ISBN Number	not applicable
Product Code	RCS00568

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Summary

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 by RNCOS. 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.

Content

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 RNCOS 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