Home / Knowledge / News / Apparel/Garments / Intimate wear industry has a bright future - Experts
Intimate wear industry has a bright future - Experts
30
Jul '08
The innerwear industry in China has immense scope of making profits as the demand in domestic market is growing continuously. As a result, most of the intimate wear manufacturers are trying different methods to grab bigger market share and earn profit.

According to a survey conducted, from the total money Chinese women spend on garments, almost 8 percent is used on the purchase of innerwear. This figure is expected to increase by 10 percent in next six months.

Strong demand in local as well as global market, has made the underwear industry of China worth approximately 500 billion yuan.

According to the State Business Information Center, in last 10 years, both domestic average annual sales and sales growth of innerwear, has been about 15 percent, which is much higher than the GDP growth level.

The annual output at present is estimated around 30 billion pieces and annual sale is nearly 130 billion yuan. The yearly sales volume of major brands like Yiershuang, AB, Topnew and Jifa has exceeded one billion yuan, helping these labels become extremely famous among other contemporary brands.

Industry insiders opine that the intimate wear sector is rapidly growing as the entire industrial chain has gradually improved.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

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

Ashok Desai
Bombay Textile Research Association

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

Igor Chapurin
Chapurin

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

Sonam & Paras Modi
SVA

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search