China is the world's largest zipper manufacturer. This is due to the large demand for raw materials such as zippers in the downstream clothing market, although the textile and apparel industry chain has a trend of migration to Southeast Asia in recent years, but the upstream raw materials and accessories are prolific from the domestic. Data show that China's zipper production in 2019 is 54.3 billion meters.
However, since 2015, the growth rate of China's zipper industry market has slowed down significantly. Data show that in 2020, the output of garment enterprises above designated size in China will be 22.37 billion pieces, down 8.6% year-on-year.
The slowdown in the market size of China's zipper industry is mainly due to the impact of the apparel manufacturing industry in the downstream main consumer market. It is understood that the global clothing industry as a whole has a downward trend, the domestic clothing market output as a whole is also a downward trend (this is due to the current clothing consumption in our country has shifted from a single cover body to avoid the cold of the full consumption demand to fashion, culture, brand, image of the consumer trend, the industry is facing transformation pressure. Under the pressure of transformation, the scale growth rate of China's garment industry continues to decline). Especially in 2020, due to the impact of the new coronavirus epidemic and the trade war, the demand of the domestic clothing industry is sluggish, which also makes the demand for zippers decline.
However, the current demand is still huge, and it is expected that there is still room for growth in China's zipper demand. This is due to China's large population base, there are natural advantages in the market size. And has become the main driving force for the steady growth of the domestic garment industry, with the continuous increase of per capita disposable income and the continuous improvement of social openness, whether urban or rural residents, consumption for clothing is still growing.
Post time: Jul-03-2023