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Chinese Lingerie And Intimate Wear Industry Market Overview

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Lingerie industry is in a state of intense competition. Fashionable and price friendly lingerie’s are sold by the manufacturers while global brands are looking for new markets. International specialty brands are at their wings; seeking entry into emerging markets for future growth. Current global market for lingerie’s rose by 2.6% to $29.92 billion USD from 2004 to 2007, while clothing prices dropped down by 4%. China, as an emerging market has seen a growth rate of 8.1% during the same time. Fast fashion retailers are now offering fashionable intimate apparels at lower prices and are undertaking hardcore marketing efforts to sustain their brand image in China. On the other hand, China itself is a major exporter of apparels to the global market at competitive prices.

Chinese Lingerie Market:

Chinese lingerie market is a dynamic sector. Their market structure is composed of many national and international brands, and intimate apparels are brought in by many countries; names unknown to the consumer.
The country’s lingerie market is a fast moving one, and there is a drastic change during the recent past. The lingerie market is estimated to be of a total value of 2 billion euros, and industry experts predict a further positive increase of 20% every year. The country is the third largest for luxury consumption, and is assumed by the market leaders to catch up with the position of Japan in the next 10 years. China is a key player in fabric industry, having good potential for creation and consumption. Major lingerie players in China have reassessed their market positions, and are now closing the knowledge gap to become ‘low cost’ producers.

Integral Apparel in the Wardrobe of Chinese Women:

As Chinese lingerie manufacturers eye the global market, rest of the world eyes China. Shanghai is in the forefront of the lingerie boom. Lingerie is progressively becoming one desirable item in the wardrobe of Chinese women. A survey states that an average Chinese woman spends 8% of their fashion budget on lingerie annually. Though 8% appears to be meager, China is populated with 503 million women and the huge numbers are promising. From lavishness, luxury lingerie’s have now become a wardrobe necessity. A lingerie industry survey states that Chinese population consists of more than 200 million women in the age limit of using lingerie, the annual consumption would go beyond 600 million pieces, reaching a sales figure of 15 million RMB.

Exports-The Lacy Lingerie Race:

Encompassing promising prospects in the global market, lingerie industries in China are actively seeking opportunities to expand its domestic market overseas. On an average, the country exports around 4 billion pieces of lingerie; annually. They export intimate wears mainly to France, US, Japan, and Europe. Export of Chinese bras rose as high as 10.5 million; i.e., 93% after the EU ended a 40 year quota system. China enjoys a good market in US as a lingerie exporter. Its performance is on a high base capturing 25% of exports to US. Despite the restrictions on US exports to China, the communist giant is expected to become the third largest exporter to US. China, enfolded with continuous enhancement in technology, makes it a cost effective destination for other countries to have their production base offshore. China along with India is projected to increase its global market share by $100 million USD each in the next few years.

Leading Intimate Wear Hubs:

The city of Shenzhen is considered as the ‘fashion capital’ of China. It is a pedestal of domestic and foreign intimate wears, designing, R&D, and manufacturing of lingerie’s. The economic benefits acquired and the market size favor Shenzhen and draws continuous attention of the investors. Many popular brands sold in the global market are being exported from the Pearl River Delta, especially Shenzhen. The ‘Sun Hing Group’ who manufacture 70% of its lingerie accessories in Asia, the ‘YKK’, a fortune 500 company, and ‘Regina Miracle’ all have their manufacturing base in Shenzhen. The city has a perfectly formed industry chain starting from design to production, marketing, and sales both at the domestic and export level. A renowned lingerie brand has launched its outlet in Shenzhen especially because of its cluster effect which will enhance brand promotion and boost sales. Two of the popular Chinese lingerie brands come from Shenzhen, and almost 10 internationally reputed lingerie brands have their production base here. Topform, Calvin Klein, Triumph, Regina Miracle, and Victoria’s Secret are a few to name. Embry Form, Xusany, Venies, Ordifen etc are a few domestic brands, having their manufacturing facilities in Shenzhen and enjoy a nation wide reputation.

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Top Import And Export Products In China A Guide For Business Trends

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China has one of the largest economies in the world. The nation also stands first in terms of its population. Due to its cheap labor cost, the country is known for its low cost and good quality products. Thus, numerous countries all over the world prefer to import goods from the country instead of manufacturing by their own. Therefore, China exports voluminous quantity of goods all over the world every year. Major industries contributing in its economy are manufacturing, clothing, and electronics. Most of these industries require high labor work. This is also a reason behind the nations unemployment rate that is 6.4 percent, much lower than the global average unemployment rate that is approximately 9.

Good quality and low cost products have played a major role to empower nations economy in the last decade. Now, China has a strong and growing economy. Due to its growing financial system, several global trading firms are focusing on the open business opportunities in the territory. To have an In-depth understanding of its market, import and export data has proved a useful tool in recent years. Now, many companies are analyzing business statistics of commodities dispatched and received in China to understand the market trends.

Import and export data contains useful records about business trends. It contains Imports and exports value and quantity. It also includes complete information about the sender and receiver, ports details where goods have been dispatched and received, manufacturer details, shipping cost, custom duty, lot size, shipping root and other information. It helps business companies to understand the countrys market and plan their strategies.

Let us have an overview of the nations top imported and exported products:

Top Imported Commodities
China is the worlds second largest importer. In year 2013, it received products for more than USD 1.90 trillion net worth from other countries. Top received goods were electronic equipment, oils, machinery, ores and medical apparatus. Apart from these commodities, fastest growing products were cereals, art and antiques, collector items, dairy products, honey, egg and meat, coffee and spices. Japan, United States, and Germany were the three big exporters. Japan, United States and Germany contributed around 8.3, 7.9, and 4.8 percent of total imports respectively.

Top Exported Commodities
China is also one of the biggest exporters of goods. In 2013, the country exported goods worth around USD 2.2 trillion. Top items in demand were electronic equipment, machinery, crochet clothing and accessories, furniture and lightening products, optical and medical apparatus, irons and steel, footwear and automobiles.

You can hire a data service provider to get the complete China Import Data. Due to high demand of business statistics, these days several firms are collecting and managing wide range of business records as their core function. These service providers collect business records from various sources. They validate, store, and manage these records efficiently in order to cater needs of their clients.

Data service providers are easily available on the Internet. They provide data on demand. They have online portals where you can download required information. On these portals, you can also filter, sort, and perform various other operations on stored records to get the useful business insights.

Vending Cart Industry In India

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The vending cart industry in India has a historic presence, even the format of the cart has not evolved a lot. Still the cart is made of wood with an iron frame to support the wheel and the wood. The cost of the cart being roughly around USD 10 and it makes the capital investment very low. Any one who feels to try his/her entrepreneur skill can invest in with the low capital amount and the stock. No licenses are required to operate such carts in India as they are not legal. When Government starts any action against them they disappear from the market and as soon as the caravan of the government vehicle passes by they reappear as nothing has happened ever. All it requires you to operate such cart is small amount of money (since very low capital), willingness to work and last but not least entrepreneur skill to operate your business.

The vending business in India can be seen across all the industry. One can find food, vegetables, fruits, clothes, shoes, toys, groceries and everything and anything on the cart put up for sale. Recently I have seen a cart selling very costly decorative item on the cart. The carts usually rule the street and at times you can find a specialized market for them which is set up by the local authorities (to improve the conditions of street vendors) generally known as Hatwada in Northern India. But the major industry that rules the vending industry in India is the food industry. You can find every kind of food being served on the plates of these local street food vendors, mostly unhygienic but at times hygienic too.

The scenario of vending business in India is now changing. With the efforts of the government (Ministry of Food Processing in India) and local authorities the vending business in India will see a tremendous change in coming years. With the PPP model a lot can happen which not only can improve the condition of the vending business in India as well as also be able to improve the quality being served on these street carts. Some companies Like KDCPL have already popped in for a better street vending in India.