China'S Clothing Market Size And Industry Development Trend In 2022

2022/1/25 4:15:00 0

Clothing industry is one of the traditional pillar industries in China, which is in an important position in the national economy. In recent years, China's textile and clothing industry has a great development, which also promotes the development of the national economy to a large extent. However, in recent years, clothing consumption has changed from the single clothing consumption demand to fashion, culture, brand and image, and the industry is facing transformation pressure. Under the pressure of transformation, the scale growth of China's clothing industry has been declining. However, China's huge domestic market demand has become the main driving force for the steady growth of the domestic clothing industry. With the continuous increase of per capita disposable income and the continuous improvement of social openness, the consumption of clothing for both urban and rural residents is still growing.

1、 Clothing industry

1. Clothing market scale

In 2021, the domestic demand market of textiles and clothing will recover steadily, and the pulling effect on the steady recovery of the industry economy will be enhanced. According to the data of the National Bureau of statistics, in 2021, the total retail sales of clothing, footwear, knitwear and textiles above the national quota will reach 1384.2 billion yuan, an increase of 12.7% year-on-year.

Data source: compiled by National Bureau of statistics and China Academy of Commerce and industry

2. Segmentation of clothing market size

1) Men's wear

In recent years, China's men's wear market has developed well. From 2016 to 2018, the market scale of China's men's wear industry increased year by year. In 2016, the domestic men's wear industry market scale reached 687.6 billion yuan, which is expected to reach 9.6% in 2018-2023. It is estimated that the market size of China's men's wear industry will increase to 1307 billion yuan in 2023.