The Economic Crisis Will Affect The Global Garment Industry Until 2019.

According to a newly released report, the world clothing The industry will continue to feel the continued impact of the 2007 economic crisis until 2019.

According to the report of "Tomorrow s Apparel Industry", the clothing market in North America will return to the level near 2007 before 2019, while the Western European market may fall to about half of the worst case between 2007 and 2013.

At the same time, research predicts that there will be moderate growth in the Eastern European and Turkey markets, but the market in Japan and South Korea is expected to stagnate. Such emerging markets as China and India are recognized as energetic countries and expect growth to slow down before 2019.

　 Change of clothing focus

According to the report, because of the economic growth of BRICs, and the clothing styles favored by consumers in these areas, the styles of mainstream clothing will be changed. Women outdoor recreation Clothes & Accessories The retail market is expected to grow from $310 billion in 2007 to $320 billion in 2019. The men's wear market is forecast to shrink to $152 billion in 2019, less than $155 billion in 2007. Sportswear is expected to grow from $77 billion in 2007 to $79 billion in 2019.

The retail market for children's clothing is expected to grow from $112 billion in 2007 to $113 billion in 2019. According to the research report, the growth of children's clothing consumption in developing countries can not keep up with the amount of consumption reduced by young people in developed countries.

　 Market allocation change

According to the report, the proportion of online retail sales is increasing. The study points out that the traditional retail business grew by 15 billion US dollars in 2013-2019 years, but this is still lower than the amount in 2007. Traditional store sales are expected to account for 63% of the market share.

The sales volume of catalog mail is expected to continue to drop by around us $1 billion, down by 2.2%, which accounts for 5.7% of the total sales volume.

Retail sales will continue to grow by about 14.3% US $7 billion from 5.2% in 2007, accounting for 7.1% of the total market sales. Sales of the Internet community and other channels will increase by about 21% in 2013, accounting for 3% of the total sales volume of 4 billion.

　　 Changes in purchasing and production behavior

The report predicts that due to the high level of competition in the retail market, the production value of the garment industry will only grow slightly in the next few years, and the pressure from wholesalers to manufacturers is that many business behaviors are completed on the Internet and continue to move to low-cost countries.

The report points out that the market in North America and Western Europe is expected to continue to decline, especially when European brands and wholesalers are transferred to developing countries, and they will also shift the manufacturing sector to these countries.

Manufacturing sector in Eastern Europe and Turkey is expected to stagnate, while manufacturing sector in Japan and South Korea is expected to slide.

The rest of the world, such as Sri Lanka, Bangladesh and Vietnam, is benefited from the migration of manufacturing sectors.