China: Clothing And Accessories Consumption Is Expected To Increase By 50%

A press release from the Ministry of Commerce of China said that China spin Mr. Wang Yu, Vice President of the Chamber of Commerce for Import and Export of Goods, held the Sino Brazilian Textile Conference in Sao Paulo, Brazil last month clothing When giving a keynote speech at the Brand Products Forum, he said that the textile and garment industries of China and Brazil complement each other, providing huge space for further cooperation and common development of both sides.

China is Brazil's largest import source of textiles and clothing, and Brazil ranks 19th among China's export countries. From 2008 to 2012, bilateral trade volume increased 1.3 times. At the same time, Brazil is the main source of cotton for China. In recent years, China's cotton imports from Brazil have continued to grow, growing 14.1 times in 2008-2012. Therefore, the industries of the two countries are complementary, providing a huge space for further cooperation and development of both sides.

The Brazilian Textile and Garment Industry Association (ABIT) predicts that the per capita textile consumption will increase from 12.8 kg in 2012 to 20 kg in 2014. With the growth of residents' income and stable economic development, the consumption of fabrics, clothing and accessories is expected to increase by 50% in the next few years.

According to customs statistics, Brazil's textile and clothing imports totaled US $6.4 billion in 2011, mainly in chemical/blended fabrics, woven clothing, chemical yarns, industrial/functional textiles, decorations and accessories.