Home / Knowledge / News / Apparel/Garments / China to surpass US as world's largest apparel market
China to surpass US as world's largest apparel market
18
Apr '16
Annual clothing sales in China will exceed $300 million in 2019, up 25 per cent from 2014. In comparison, apparel sales in the US are estimated to hit $267 million in three years, meaning China will surpass the US as the world's largest apparel market by the end of the decade, according to a report by SinoInteractive, a China-based PR company.

The report, which compared industry performance in the world's two largest economies, says that despite the strengthening of the Chinese yuan and rising raw material and labour costs directly impacting the Chinese clothing market, China still continues to be a global leader.

Apparel made in China for US export has an applied tariff rate as high as 9.63 per cent for textiles and 16.05 per cent for clothes; free trade agreements under negotiation may see that be replaced by products made in Asia.

Sino Interactive took a deep look at the apparel exporters of China.

One of the rising e-commerce giants is Globalegrow, another is Sammydress.com, which aims to deliver higher quality fashion at a lower cost. In SinoInteractive's view, e-commerce giants such as Globalegrow (Sammydress.com), Alibaba and others will constitute up to 50 per cent of the global e-commerce market by 2018.

Companies like Sammydress work with numerous clothing factories and suppliers based in the south of China. The company enjoys positive reviews and has an international group of personnel which is the key to satisfying clients from different regions.

According to another SinoInteractive's research, there has been significant improvement even in the area of stitching which is indirectly contributing to rising share in the world's cloth Industry. Sammydress.com has started competing with local players. While Sammydress and other Chinese companies have received mixed reviews, Chinese companies have shown consistent improvement in the area of customer satisfaction.

SinoInteractive's research shows that there has been great improvement in quality based on recent surveys on Chinese Made apparels. The "Chinese Made" strategy is to deliver affordable goods to people in both developed countries and underdeveloped countries, resulting in China becoming a major contributor for global growth.

In 2015, there was a 23 per cent rise in Russian orders from the Chinese e-commerce industry compared to 2014. From November 11-26, 2015, there were nearly 10 million purchases made in Chinese e-commerce portals by Russians.

In order to overcome the supply chain hurdles, Chinese and Russians came forward and established multinational logistics at Khabarovsk to increase the speed of the delivery packages.

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search