The Clothing Market In China And India Will Grow Fastest In 2016.
A report shows that in the 5 years to 2016, the retail demand of some emerging markets will grow by an average of two digits each year.
The fastest growth in retail demand will be China and India, each of which has an average annual growth rate of 16.9% in two countries.
The annual growth rate of two digit figures is Indonesia (13.3%%), Russia (12%), Saudi Arabia (11.7%), Turkey (11.4%), Peru (10.3%) and South Africa (10.1%), Brazil, Chile, Columbia and Thailand.
In contrast, demand for 2011 and 2016 is expected to increase slightly in some major Western European countries.
In China, the Chinese are benefiting from rising personal disposable income.
In fact, the number of households earning more than 50 thousand yuan in 2010 -2015 is expected to increase 5 times.
In addition, the demand for clothing retail will grow strongly as a result of the urbanization of the country.
However, several foreign brands have entered China.
market
It makes competition more intense.
They are attracting China's huge consumption potential and struggling to compete for market share.
In addition, some Chinese companies are exploring the opportunities in the domestic market, because they take into account the uncertainty of the western developed countries and the possible growth of export growth in the future.
In India, the growing middle class has about 300 million people, and the purchasing power parity is 30000 dollars per person per year. They are looking for the world.
First class product
。
This group of people accepted the international fashion trend faster than originally expected. Consumption is moving beyond big cities, such as Delhi, into smaller cities.
In addition, this trend is expected to accelerate after India relaxed its single brand foreign ownership rules recently.
In fact, India designers
clothing
The market is expected to grow by an average of 40% per year between 2012 and -2020, compared with the global average growth rate of 12%.
In Indonesia, much of the growth in retail demand is likely to be driven by cheap imports.
According to the China ASEAN Free Trade Agreement (ACFTA), tariffs on imported products in Indonesia have been decreasing, which has led to a sharp decline in China's prices.
Therefore, some Indonesian domestic production enterprises were forced to stop production.
In Turkey, some international brands have entered the Turkey market in recent years. They hope to take advantage of the growing young people in Turkey and the opportunities created by fashion conscious people.
In fact, Turkey's imports increased by 32% in 2011. During the 9 years, 8 years of imports showed two digit growth.
But by the more than five years in 2016, a large part of the growth may come from the domestic market.
The government of Turkey has approved additional tariffs on woven fabrics and garments that have not yet signed a free trade agreement.
The purpose of taxation is to protect domestic enterprises in Turkey and avoid losing market share because of low cost import increase.
In Brazil, in the past 8 years, the number of two figures increased in 7 years, and after that, imports surged 52.5% in 2011.
Reflecting strong growth in Brazil's retail demand.
In order to combat soaring imports, the Brazil government announced plans in December 2011 to replace the current ad valorem tax system from the volume tax system.
The purpose of the new system is to protect domestic manufacturing enterprises because they are facing increasingly severe international competition, because the prices of imported products are low.
Although the new positive tariff mechanism has been announced, the expected growth in import growth in the next few years will continue to be significantly higher, as retail demand continues to outpace domestic supply.
In fact, from 2005 to 2015, the per capita fiber consumption in Brazil is expected to double, from 10 kg to 20 kg.
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