The market is dominated by domestic suppliers, as imports account for 2.8% of total market size in 2022. Households drive market demand, with household spending representing 59.7% of total demand in 2022. China has the largest market size for apparel regionally, with demand reaching USD376 billion in 2022. Ningbo Peacebird Group Co Ltd is the largest company in China, generating 2.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 8.8% of total production value in 2022. The total number of companies decreases in 2022, to 433,216 units. The costs of the industry decrease by 5% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 4.3% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 23.9% of total production output. With production value of USD415 billion, China accounts for 67.3% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Apparel in China: ISIC 181. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Apparel in China: ISIC 181 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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