Development-prospect-of-garment-industry

Development prospect of garment industry
1. The continuous growth of China's economy and the continuous increase of residents' disposable income
As a consumer industry closely related to the national economy and residents' consumption level, the steady growth of China's economy in recent years has provided strong support and guarantee for its development. From 2013 to 2019, China's GDP will increase from 59.3 trillion yuan to 99.09 trillion yuan, and the total retail sales of social consumer goods will increase from 24.3 trillion yuan to 41.2 trillion yuan. The steady development of China's overall economy provides a solid foundation for the sustainable and healthy development of the clothing industry. With the development of China's economy, the disposable income and consumption expenditure of residents are also increasing. The growth of China's residents' income and consumption level has become an important driving force for the growth of clothing consumption market.
2. Industrial policies support industry construction and encourage independent brand development
With the continuous development of online retail industry, the state has issued a series of industrial policies to promote the development of the industry, such as "several opinions on accelerating the development of e-commerce", "national information development strategy for 2006-2020", "opinions of the Ministry of Commerce on promoting the standardized development of e-commerce", "13th five year plan for the development of e-commerce", "national information development strategy for 2006-2020", "opinions of the Ministry of Commerce on promoting the standardized development of e-commerce", "the 13th five year plan for the development of e-commerce", " The opinions on promoting the transformation and transformation of physical retail and the opinions of the general office of the State Council on the implementation of the Internet plus circulation plan have greatly promoted the development of online retail brands.
3. Mature and complete clothing industry chain support
Since the reform and opening up, the clothing industry has become one of the important driving forces of China's economy, forming a series of mature clothing production industry chain from yarn production, flour and accessories manufacturing to garment production, and forming a number of mature industrial clusters in China's coastal areas such as Jiangsu, Zhejiang, Guangdong and so on, gathering a large number of experienced yarn production, garment manufacturing and garment manufacturing industries Flour accessories manufacturing and garment manufacturing factories provide powerful supply chain resources for downstream garment retailers, which enables them to put their own resources into brand operation and channel management.
4. The continuous development of Internet economy makes online shopping a trend
In recent years, the scale of China's online retail market continues to expand. According to the data of the National Bureau of statistics, in 2019, the national online retail sales exceeded 10 trillion yuan, with a year-on-year growth of 16.5%. The online retail sales of physical goods reached 8.5 trillion yuan, with a year-on-year growth of 19.5%. The growth rate was 11.5 percentage points higher than the total retail sales of social consumer goods, accounting for 20.7% of the total retail sales of social consumer goods, with a year-on-year increase of 2.3 percentage points; The contribution rate to the growth of total retail sales of social consumer goods reached 52.3%, an increase of 7.1 percentage points over the previous year.