Chinese enterprises may focus on high-end products to achieve high profits
Los Angeles, CA (PRWEB) January 05, 2012
Driven by increases in domestic and foreign demand, output and revenue of the Apparel Manufacturing industry in China continued to increase steadily in the first nine months of 2011, according to IBISWorld, America's largest publisher of industry research. The rising proportion of high-end products further contributes to the revenue growth. Industry revenue is estimated to have increased by 10.2% to $196.84 billion for the whole year, with an annualized increase of 16.6% from 2006 to 2011.
In the five years through 2011, domestic demand, especially from the thriving second- and third-tier cities, was a strong driver of revenue growth. However, high inflation expectations among consumers are forecast to cast a negative influence on industry performance. Industry revenue in the five-year period to 2016 is estimated to increase at an average annual rate of 5.9%, to a forecast $262.38 billion in 2016.
Competing imports are forecast to surge by 57.8% in 2011 to $2.04 billion, accounting for 1.4% of domestic demand, according to IBISWorld.
As the industry matures and faces currency appreciation and rising material prices, Chinese enterprises may focus on high-end products to achieve high profits. IBISWorld forecasts that more Chinese enterprises will focus on the establishment of their brand names. These companies are expected to continue setting up specialty stores in foreign markets and to attend well-known fashion events to build brand awareness.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld’s full report on the Apparel Manufacturing industry in China for $825 at ibisworld.com.cn.
Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189
Apparel Manufacturing in China – Key Report Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.
# # #