Industry Data: Forecast And Analysis Of The Market Size Of China'S Footwear And Clothing Industry In 2022

2022/6/9 15:55:00 0

In 2021, thanks to the steady growth of residents' income and the improvement of living standards, China will become the world's largest shoe and clothing market. It is expected that China's footwear and clothing industry will continue to maintain its growth trend in 2022.

The market scale of shoes and clothing industry increased steadily

With the steady growth of residents' income and the improvement of living standards, the market scale of China's footwear and clothing industry has been expanding, from RMB 25.5 billion in 2017 to RMB 3.0 billion in 2021, with an average annual compound growth rate of about 5%, which is the largest footwear and clothing market in the world. It is estimated that in 2022, China's footwear and clothing industry will continue to maintain a growth rate higher than the global average, and the market size will reach 3200 billion yuan.

Data source: insight consultation

Clothing industry plays a leading role in shoe and clothing industry

The footwear and clothing market covers a wide range of segmented products, including clothing, shoes and accessories. In 2021, the market share of the shoes and clothing market is 66.67%, 16.67% and 16.67% respectively. China's footwear and clothing industry market is dominated by the clothing industry.

Data source: insight consultation

China's clothing industry market has entered the stage of optimization and development

After years of development, China's clothing industry has been from the rapid development stage of extensive expansion type to the optimization development stage of endogenous type, and the growth rate is relatively slow. The market size of China's clothing industry has increased from 16000 billion yuan in 2017 to 200 billion yuan in 2021, with an average annual compound growth rate of about 6%. It is estimated that the market size of China's clothing industry will reach 2100 billion yuan in 2022.