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Research and Markets: Analysis of Apparel Retail Market in China 2008 is Available Now
Friday January 9, 04:37 AM
Research and Markets (http://www.researchandmarkets.com/research/33f4e2/analysis_of_appare)
has announced the addition of the "Analysis
of Apparel Retail Market in China 2008" report to their offering.
China's huge population actually is a huge bonus for apparel market.
Meanwhile, the growth incomes of urban and rural dweller contribute to
the Chinese apparel sales growth. After deducting the effect of price
increases, the annual net income per capita of rural dweller increased
9.5% in 2007 than 2006 and the disposable income of urban dweller grew
12.2% in 2007 than 2006. The sales growth of clothing in 2007 increased
28.75% than 2006, is one of the fast growth industry in the variety of
whole sales and retail industries.
According to statistics, during 2006 to 2007 period the average clothing
consumption growth per capita of China's urban dweller increased 15.5%
and is expected that China will surpass Japan to become the world's
third largest clothing market by 2010.
In terms of China's apparel brand, after the transformation of the
market consumption structure, the Chinese apparel market divided into
two different sub-markets; one market is high-end market, which is
focused on well-known brand, the reason of this market has been a great
success in recent years is the rapid growth of high-income population
who have a strong appetite for high-class brands and luxury goods.
Another market is low-end market, which is focused on Chinese unknown
brands and low price clothing, this market also has a great profit
because of their main customers are young people and university
students, therefore the huge population is the major factor for its
growth. Meanwhile, tail goods and fast food pattern sales are new sales
modes.
At present, China's high-end clothing market has been almost entirely
dominated by well-known international brands from France, Germany,
Italy, Japan, the United States, Britain and South Korea; while Hong
Kong and Taiwan brands mainly concentrated in the mid-end market, and
Chinese brands occupied the low-end market.
China's apparel market has attracted South Korean apparel industry as
its main market in recent years because of it has an optimistic prospect
of Chinese clothing market. South Korean apparel industry firstly
started into Chinese market was focused on women casual clothing, then
men's golf sportswear, children's clothing and underwear, and finally
almost all kinds of clothing have sold in the Chinese market. Some South
Korean companies in recent years have been vigorously expanding their
investment in China.
Chinese textile and apparel industry in the first half of 2008 achieved
sales of 243.2 billion yuan, up 28% year-on-year and the total profit
was 10.3 billion yuan, up 31% year-on-year. The growth of profit
exceeded the growth of income showing that the Chinese apparel industry
has a great prosperity. But with the implementation of the Chinese new
labor contract law, there will be a great pressure of labor cost on
garment manufacturing industry.
Key Topics Covered:
1 Classification of clothing brand
2 Chinese apparel retail industry
3 Chinese clothing consumption structure
4 Chinese clothing market segmentation
5 Operating status of Chinese clothing industry
6 Retail model of international clothing companies
7 Retail model of Chinese clothing market
8 Risk of Chinese clothing industry
9 The future direction of operation of Chinese apparel industry
Figure index
Table
For more information visit http://www.researchandmarkets.com/research/33f4e2/analysis_of_appare
Contact:Research and MarketsLaura WoodSenior Managerpress@researchandmarkets.comFax
from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716
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