Home / Knowledge / News / Apparel/Garments / Domestic clothing market to grow phenomenally in 2010
Domestic clothing market to grow phenomenally in 2010
21
Jan '10
According to statistics, China's domestic clothing consumption averaged an annual growth rate of 14.72 percent from 2001 to 2008. Growth rate in 2009 is expected to remain at more than 15 percent, despite the financial crisis.

The growth in clothing consumption has proved to be a major boost to China's textile industry. Along with the steady and rapid development of China's economy, demand for textiles in automotive, construction, health, energy, aerospace, agriculture industries are also on the rise.

The industrial consumption volume of textiles exceeded 6 million tons in 2008, accounting for 17 percent of total textile fiber processing volume in China. Industry analysts generally agree that, 2010 growth rate of textile and garment industry in domestic market is likely to reach 20-25 percent compared with 2009.

In the first three quarters of 2009, China's GDP grew 8.9 percent year on year. Real growth of total retail sales of social consumer goods was 17.0 percent, higher by 2.8 percent when compared with a year earlier, to set another all-time high.

In November alone, total clothing retail sales increased by 25.8 percent compared with the same period of the previous year, 8.8 percent higher than the growth rate of retail sales of overall consumer goods as a whole, and 3.1 percent higher than the previous month.

Taking into account the huge population base, as well as continued growth of national economy in the future, domestic sales of textile and garment industry is expected to show sustainable growth in the future.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: Under Armour

Apparel/Garments | On 24th Apr 2017

Wichita varsity names Under Armour as official outfitter

Beginning from July 1, 2017, marketer of performance footwear,...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Rupa Sood and Sharan Apparao
Nayaab

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

Robert Brunner
Devereux

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search