Apparel, Textiles, Clothing & Fashions Industry Market Research

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Apparel, Textiles & Fashions OVERVIEW


       While Asia, particularly China, has enjoyed a dominant position in shoes, apparel and household textiles manufacturing for several years, makers of these items located in developed nations such as the U.S.
    and Canada have suffered a long period of decline.
     For example, roughly 98% of the shoes sold in America each year are imports, and the majority of these imports come from Asia.
     To consumers in Europe and North America, this growing reliance on Asia as a low-cost producer has meant very low retail prices for goods of reasonable quality.
     However, recent increases in the cost of doing business in China, including rapidly rising labor costs, have put Chinese manufacturers in a much less favorable position.
     Competition from manufacturing based in very low-cost nations in Africa, as well as Vietnam, Indonesia, Sri Lanka, Mauritius, Malaysia, Cambodia, Bangladesh, Pakistan, the Philippines and elsewhere is intense, and a large portion of apparel manufacturing formerly done in China is moving to these areas at a rapid pace.
     While China continues to have a robust apparel manufacturing industry, it is also moving up the industrial chain by fostering manufacturing that requires greater skills, better technology and more investment in advanced equipment.
     Industry segments that are rapidly evolving in China include InfoTech, automobiles, trains, aerospace, medical equipment and telecommunications gear.
     China's textile exports soared from $7.2 billion in 1990 to $111.7 billion in 2014, according to

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