Forecast And Analysis On The Market Scale And Development Prospect Of China'S Textile And Garment Industry In 2021

Textile and garment manufacturing refers to the activity of sewing various kinds of men's and women's clothing and children's clothing after cutting with textile fabric as the main raw material. This includes clothing made from non self-made materials and clothing made in fixed production locations.

market size

Wool textile industry is an important part of the textile industry. It is a manufacturing industry that uses animal hair fiber and wool fiber as raw materials for primary processing of wool, top manufacturing, wool spinning, wool weaving, wool dyeing and finishing, and wool finished products processing. The trend of wool textile consumption market is to be personalized and fashionable. It is necessary to give full play to the high-quality characteristics of wool textile products, such as nature and comfort, and develop towards diversification and light luxury, so as to meet the needs of consumers for medium and high-end products.

Domestic demand expansion and consumption upgrading will be the biggest driving force for the development of wool textile industry. The market scale of wool textile industry will increase from 4.86 billion yuan to 7.18 billion yuan from 2015 to 2019. However, in recent years, affected by the downturn of international market, the slowdown of domestic economic development, the rapid rise of labor costs, epidemic situation and other factors, the profit level of wool textile industry is declining. It is expected that 2021 will improve compared with 2020.

Future development prospects

1. National strategy and favorable policies

In September 2016, the Ministry of industry and information technology issued the textile industry development plan (2016-2020), which proposed that during the 13th Five Year Plan period, the average annual growth rate of industrial added value of textile enterprises above designated size should be maintained at 6% - 7%, and the global market share of textile and clothing exports should be basically stable. The growth mode of textile industry has changed from scale speed type to quality benefit type.

2. Expansion of domestic demand and upgrading of consumption

The expansion of domestic demand and the upgrading of consumption will be the biggest driving force for the development of China's textile industry. The growth of urban and rural residents' income, the construction of new urbanization and the full implementation of the two child policy will add development dividends and reform dividends to promote the growth of textile consumption.

3. A new round of technological revolution

The in-depth application of information technology in the design, production, marketing, logistics and other aspects of the textile industry will promote the production mode to be flexible, intelligent and refined, and from traditional manufacturing to service-oriented manufacturing. The deep integration of textile industry with information technology and Internet provides a broad space for innovation and development.

For more information, please refer to the "Research Report on the market prospect and investment opportunities of China's textile and garment industry" issued by the China Business Industry Research Institute. Meanwhile, the China Business Industry Research Institute also provides services such as industrial big data, industrial intelligence, industrial research report, industrial planning, park planning, the 14th five year plan, industrial investment promotion and other services.