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The Current Situation Of China'S Garment Industry

2011/11/17 17:32:00 10

Current Situation Of China'S Garment Industry

China is

clothing

According to the statistics of the General Administration of customs, in 2010, the domestic textile and garment industry all year round.

Export volume

Over 200 billion US dollars, an increase of more than 20%.

At the same time, China is also clothing.

consumption

Large countries, China's sustained growth in per capita income is the biggest driving force to support the huge demand in the clothing market.

The growth rate of Chinese residents' clothing consumption demand is even faster than the per capita income and GDP growth.

According to the National Bureau of statistics, from 2003 to 2009, the per capita consumption of Chinese urban households for clothing has increased from 593.99 yuan to 1224.08 yuan, with a compound annual growth rate of 12.8%.

After 2008

financial crisis

The competitiveness of China's garment industry has been greatly improved, and the industry has gradually moved towards scale and branding. In addition, with the continuous improvement of the purchasing power of Chinese residents, more and more enterprises are turning their development strategy towards deep domestic market.

In recent years, the rising cost of clothing enterprises is reflected in many aspects: on the one hand, the emergence of "labor shortage" and the rise of wage and welfare have led to the rise of labor costs; on the other hand, the rise in the price of commercial rents and the increase in pport prices have caused the increase in the business cost of clothing enterprises; meanwhile, the rise in the price of resources such as water and electricity has led to the rise in manufacturing costs; besides, under the credit tightening policy, the financing costs of garment enterprises have also risen a lot.

In order to ease the upward pressure on costs, clothing companies began to substantially increase product sales prices.

Many garment enterprises have adopted the business mode of "production outsourcing + Direct stores and franchisees", which also determines that such enterprises must have strong R & D design capabilities and marketing channels.

Administration

Ability.

In addition, garment enterprises should balance the speed and the benefit in the process of building marketing channels.

Too fast channel construction may also lead to tight chain of funds. It is necessary to improve management capabilities, enhance profitability of single stores, and strengthen resource replication capability.