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The Total Capacity of Domestic Apparel is Over 800 Billion Yuan

Author:     Jan 24, 2011 10:25     

    It is estimated that the growth speed of expanding capacity will pass 15% in the twelfth five-year plan period.
    According to the latest data from the State Statistics Bureau, from Jan to Dec, the turnover of apparel, shoes, hats, and needles textiles of enterprises above norm has reached 587.4 billion yuan, which increased 24.8% year on year. In Dec, the turnover of apparel, shoes, hats, and needles textiles of enterprises above norm has reached 69.7 billions yuan, which increased 27.3% year on year.
    Qianjin Wang, the specialist of textile industry, pointed out that the arrival of new consumption time is benefit to textile domestic market. The international experience showed that social consumption will pay more attention on quanlity and brand after the capita disposable income pasted 3000 USD. And China textile industry was just moved into the new age.
    China textile industry depended on exportation excessively all the time. At present, exportation was facing a series of problems: the appreciation of the RMB, frequent trade frictions, raised cost but unchanged price, and so on, leading to the low profit of the industry. And the rapid rising of domestic market became the new growth point of textiles and apparels industry.
     In fact, the apparel consumption remains the growth by 20% year on year, higher than the growth speed of turnover of the social consumption goods. It is estimated by China's first textile network that the total capacity of domestic apparel is over 800 billion yuan, the expanding speed of capacity of domestic apparel market will reach 15% by 2015, far more than export market.
    The growth of total volume of consumption and consumption of updating have became the two main lines for domestic market. With the increasing of citizens’ income, the consumption of textile and apparel will also increase rapidly.
    Mr. Qianjin Wang pointed out that the urban per capita apparel consumption is 1284 yuan, and rural per capita apparel consumption is only 232 yuan, which differs 5.5 times. The purpose put forward in twelfth five-year plan will promote the final consumption rate in the whole society, and offer optimistic policy for balancing the capacity of urban and rural apparel consumption.
 
  
 

Editor: leila    From: 168Tex.com

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