Home / Knowledge / News / Fashion / Prospects of Italian fashion to rise in China: Report
Prospects of Italian fashion to rise in China: Report
09
Aug '13
The Italian fashion industry’s prospects brighten as increasing number of consumers from China are interested in buying clothes that are made in Italy, according to a recent report.
 
The ‘Report 2012-2016’ by SACE, an insurance and finance group, titled the ‘Quando l’export diventa necessario: Le prospettive di crescita delle esportazioni italiane’ (When exports become necessary: Growth prospects of Italian exports), suggests China would be the ‘new customer’ of Italian fashion.
 
According to the report, sales of Italian textile and clothing would increase by 17.7 percent on an average in 2013-2016. 
 
The progressive increase of the income of the Chinese consumers and the simultaneous change of social conventions are the major factors influencing the phenomenon.
 
The Chinese consumer’s attraction for luxury has led to the increase in interest of buying designer labels from Italy.
 
The consumers aged less than 45 years seek quality products, both in terms of processing and materials used, and are geared towards established brands internationally.
 
Italian products provide such quality resulting into the growing consumption of these products.
 
The report states that the luxury market in China has experienced the fastest growth in the world and the country accounts for 21 percent of the world consumption of high range products. 
 
According to the report, the potential of growth of the luxury consumption in China is expected to increase 20 to 30 percent in the next five years.
 

Fibre2fashion News Desk - India


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Karel Williams
Dow Microbial Control

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

Top executives
Textile industry, India

Such fairs are a must for industry to showcase new innovations

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Urmil Arya

Sushila International, a well established textile organisation established ...

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

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

Urs Stalder
Sanitized AG

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search