A challenging export situation awaits China's apparel industry, with key markets experiencing financial difficulties and local manufacturers struggling to keep prices competitive amid elevated costs.
The country sent overseas about 29 billion clothing pieces worth more than $153 billion in 2011. While volume declined 1 percent compared with 2010, shipment value was 18 percent higher YoY. Markups contributed largely to the revenue increase.
In general, businesses are cautious with their projections for the coming months. A large number anticipates sales to stay the same as the previous period or climb only slightly. Nevertheless, there are several companies looking forward to brisk growth.
This report covers the major products of China's apparel industry, namely tops, bottoms, dresses, outerwear, sports apparel, and suits and separates.