Trends in China’s Textile & Apparel Industry

Trends in China’s Textile and Apparel IndustryWhile China’s textile market is experiencing a continually decline in revenues, the apparel market shows a much more dynamic development in terms of concentration, brands and customer preferences.China Textile Industry Revenues of China’s textile industry has been declining from 386 billion CNY in 2017 to 227 billion CNY in 2020, resulting in a CAGR of -16%. Drivers: With the increase of resident income, consumption upgrade, and implementation of China’s second-child policy, the demand for high-quality textile materials will remain increase. Technologies applied in design, manufacture, marketing, and logistics in the textile industry will accelerate …