Home / Knowledge / News / Apparel/Garments / Rising inventory mars prospects of China's apparel sector
Rising inventory mars prospects of China's apparel sector
30
Jul '13
Although Chinese apparel makers are excepting good prospects by the end of this year, the increasing production cost and huge inventory pressure may have a negative impact on the sector, according to industry representatives.

Speaking to fibre2fashion, Mr. Philip Roebuck, director of Dishang Group, said, “We are anticipating around 8 percent growth in Chinese garment exports in 2013.”

“Efficiency to produce high quality products attracts more buyers from international market to China,” says Ms. Pan, spokesperson of Changzhou Orient Sunshine International.

The Guangzhou International Fashion Festival 2013 which will be held from August 10-12, 2013 also brings hope to Chinese garment makers. Around 300 companies and more than 600 brands will be participating in the festival.

However, Mr. Roebuck says, “The growth of clothing industry in China will be uneven since several units are facing closure due to marginal profits.”

“Currently, there are large numbers of small and medium manufacturing units in the country who are marginally profitable and this has had an overall deflationary effect on pricing as these players win business due to low price,” he explains.

According to the China National Garment Association (CNGA), the inventories with the garment manufacturing units in the country have been rising in recent years.

The CNGA said the inventories with clothing factories have risen to such a level that even if all the garment units across China closed, the stock would be enough to last for three years.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: H&M

Apparel/Garments | On 30th Mar 2017

H&M group's sales increase 7% in 3 months to Feb '17

The H&M group's sales including VAT amounted to SEK 54,369 million...

Textiles | On 30th Mar 2017

Vietnam’s textile & garment exports earn $4bn in Jan-Feb

Vietnam earned $4 billion from textile and garment exports in the...

Textiles | On 30th Mar 2017

India Inc should work for July 1 GST roll out: Fin sec

The Goods and Services Tax (GST) will take India into a very exciting ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Yash P. Kotak
Bombay Hemp Company

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

Igor Chapurin
Chapurin

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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
March 2017

March 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