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Retail sales of apparel and footwear in China by month October 2019
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Retail sales of apparel and footwear in China by month October 2019
Retail trade revenue of clothing, shoes, hats and knitwear in China from October 2018 to October 2019 (in billion yuan)
by Agne Blazyte,
last edited
Dec 5, 2019
The graph shows the retail trade revenue of clothing, shoes, hats and knitwear in China from October 2018 to October 2019. In October 2019, around 115.3 billion yuan had been generated from apparel and footwear retail sales.
Textile industry in China– additional information
The textile industry in China has seen rapid growth over the past two decades and has become one of the main pillars of China’s economy. In 2015, the annual revenue of all textile industrial enterprises in China had amounted to almost four trillion yuan. With a textile export value of 110 billion U.S. dollars in 2017, China was the world’s largest textile exporter, accounting for over 37 percent of overall global textile exports. In 2018, clothing and clothing accessories with a total value of over one trillion yuan had been exported from China, not taking into account the export of textile articles and textile yarns with a value of over 785 billion yuan. Heilan Home, the leading fast fashion manufacturer in China, had ranked second among Chinese textile and clothing manufacturers with total revenues of about 18.2 billion yuan in 2018.
Nonetheless, the textile industry in China is facing a major transition period. The loss of competitive advantages such as low labor costs and a favorable exchange rate leads to a shift in the market focus. While basic textile production is outsourced to regions with lower costs, China focuses more on specialized textile and fiber products. In terms of target markets, the domestic textile market in China has been gaining importance compared to international markets as well. In 2015, China’s apparel market had reached 237 billion U.S. dollars and was expected to exceed 600 billion U.S. dollars by 2025.
Retail trade revenue of clothing, shoes, hats and knitwear in China from October 2018 to October 2019 (in billion yuan)
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by Agne Blazyte,
last edited
Dec 5, 2019
The graph shows the retail trade revenue of clothing, shoes, hats and knitwear in China from October 2018 to October 2019. In October 2019, around 115.3 billion yuan had been generated from apparel and footwear retail sales.
Textile industry in China– additional information
The textile industry in China has seen rapid growth over the past two decades and has become one of the main pillars of China’s economy. In 2015, the annual revenue of all textile industrial enterprises in China had amounted to almost four trillion yuan. With a textile export value of 110 billion U.S. dollars in 2017, China was the world’s largest textile exporter, accounting for over 37 percent of overall global textile exports. In 2018, clothing and clothing accessories with a total value of over one trillion yuan had been exported from China, not taking into account the export of textile articles and textile yarns with a value of over 785 billion yuan. Heilan Home, the leading fast fashion manufacturer in China, had ranked second among Chinese textile and clothing manufacturers with total revenues of about 18.2 billion yuan in 2018.
Nonetheless, the textile industry in China is facing a major transition period. The loss of competitive advantages such as low labor costs and a favorable exchange rate leads to a shift in the market focus. While basic textile production is outsourced to regions with lower costs, China focuses more on specialized textile and fiber products. In terms of target markets, the domestic textile market in China has been gaining importance compared to international markets as well. In 2015, China’s apparel market had reached 237 billion U.S. dollars and was expected to exceed 600 billion U.S. dollars by 2025.
- Show sources information
- Show publisher information
- Release date
- December 2019
- Region
- China
- Survey time period
- October 2018 to October 2019
- Supplementary notes
-
* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of December 2019).
According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.
During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.
Source
- Show sources information
- Show publisher information
- Release date
- December 2019
More information
- Region
- China
- Survey time period
- October 2018 to October 2019
- Supplementary notes
-
* According to the source, figures for January and February have been grouped together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.
Note: 1 yuan equals approximately 0.14 U.S. dollars and 0.13 euros (as of December 2019).
According to the source, retail sales refer to the trade revenue of tangible goods not intended for business use traded from wholesale and retail companies to individuals or non producing social organizations. Figures include total revenues of the food and beverage service industry.
During the survey, only wholesale companies with an annual revenue of 20 million yuan and above as well as retail companies with an annual revenue of five million yuan were questioned.
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- Sales of textile, clothing and footwear merchant wholesalers in Canada 2012-2018
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- Forecast: clothing and footwear wholesale revenue Denmark 2008-2018
- Industry revenue of »wholesale of clothing and footwear« in Latvia 2011-2023
- Forecast: revenue clothing and footwear wholesale Turkey 2009-2020
- Industry revenue of »wholesale of clothing and footwear« in Cyprus 2011-2023
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