China's clothing costume retail sales

More than most other consumer goods

my country is the earliest country that is affected by new crown epidemic, and is also one of the fastest countries that have resumed the fastest growing in the epidemic. At the beginning of 2020, the domestic epidemic eruptions were built, and strict epidemic prevention measures such as commercial shutdown, home isolation and other strict epidemic prevention measures were significantly lower in the domestic retail market. In the first quarter of 2020, domestic social consumer goods fell by nearly 20% year-on-year, only the sales of grain and oil foods were growing, and clothing shoe hat needle textiles, daily necessities have different levels of sales, and the decline in clothing products is the largest.

After April 2020, with the effective control of the domestic epidemic, my country's economic life has steadily and orderly recovery, social activities have gradually become active, and the implementation of various government consumption policies, and the national consumer goods started steadily. As of the end of 2020, the retail sales of social consumer goods were reduced by 3.9%, and the retail sales of clothing products were slightly large, and sales were 6.6% year-on-year.

The economy is steadily

Driving China's clothing products retail back to normal development track

In 2021, the domestic economy continued to restore development, and strongly drove the recovery growth of all kinds of consumer goods sales, and the potential for domestic demand market has been further excited. As of the end of the year, the total retail sales of national social consumption exceeded 44 trillion yuan, an increase of 12.5% over the previous year, and the average growth rate of two years was 3.9%. The retail sales of clothing shoe hat needle also achieved significant development, and the annual retail sales increased by 12.7% year-on-year, and the growth rate rebounded by 19.3 percentage points over 2020, an average increase of 2.6% in two years. From the perspective of residents' consumption, the per capita clothing consumption expenditure of national residents reached 1419 yuan in 2021, and the amount of consumption increased significantly.

China's market online clothing retail continues to grow rapid growth

In the two years that coexisterate with the epidemic, domestic sales have also been further developed. House isolation and maintain social distances and other policies triggered online shopping methods in more scenarios. The stable growth of online consumption also has played a strong pulling on the domestic demand market. At the end of 2020, the sales of products on the country in the country increased by 5.8% year-on-year, and the performance was good at the same period in 2019. In 2021, the retail sales of products on the country in 2021 increased by 8.3% year-on-year, and the growth rate was increased by 2.5 percentage points from 2020, and the average increase of 7% in two years.

Trend prospect

The extreme uncertainty of the global economic development in 2022

Development risk of retail retail market

As an economic globalization, the world's economic pattern has been influential, and the global spread of the new crown epidemic has not impact on economic development of various countries. In 2020, the world's economic recession is low, and 2021 the world economy has increased by 5.5% in the imbalance. In 2022, the inflationary pressure began in the United States continued to spread the global spread, and the demand is more difficult to improve under the impact of the epidemic.

The World Bank's "Global Economic Outlook" in January this year will be lowered to 4.1%. In February, Russia's special military operations and their joint effects have exacerbated inflation impact faced by the world economy. The "black swan" of Russian conflict is likely to cause this global economic snow that is weak due to new crown epidemic. .

Epidemic superimposed Russian conflict

Or will seriously restrict the development of European and American daily clothing

At present, with the prolonged Russian war and the multi-fields of Europe and the United States and the multi-areas of Russia, the world has begun to be affected. Crude oil prices have risen, food prices have risen, bulk commodity prices continue to rise, and the turmoil of multi-country stock markets, the supply chain disorder is intensified, and the world's bankruptcy, the increase in business, and the increase in unemployment rates, consumers have just hit hard from the epidemic The confidence in restoration is likely to be weakened again. In 2022, developed economies such as the United States, EU and Japan under global high inflation shadows were unable to continue to implement effective financial stimulus policies, maintaining the domestic economy continued to grow well, and its textile clothing retail market or will face greater challenges.

China Textile Apparel Retail Market continues to carry up pressure in 2022

In the face of more severe and complicated external environments, the development of my country's textile apparel retail market also needs to be pressed forward. However, with the characteristics of strong toughness, potential and space, my country's economy will not change the fundamental fundament in the future, and the government's emphasis on the expansion of domestic demand and actively introduced many initiatives will also help stabilize domestic demand markets, my country Textiles and clothing The retail market still has a steady and good development conditions.