Global Apparel Conference Highlights China's Fashion Boom and Sustainable Future

11 December 2023, Mumbai

China's fashion industry is thriving, with domestic demand fueling growth despite a global slowdown. The 2023 Global Apparel Conference in Dongguan solidified this momentum, showcasing innovation and sustainability efforts.

Key takeaways:

• Permanent home: The World Fashion Conference will be permanently held in Dongguan, recognizing its global apparel significance.
• China's vibrant domestic market: Brick-and-mortar sales surged by 10.6%, with online sales increasing by 9.6%, highlighting a robust domestic market.
• Projected growth: The Chinese apparel market is expected to reach $313.8 billion by 2023, with a CAGR of 4.3%.
• Women's wear dominates: Women's wear holds the largest market share, with a significant volume of $169.5 billion in 2023.
• Sustainability as a driving force: The Chinese T&A industry embraces sustainability through initiatives like Climate Innovation 2030 Action and Carbon Neutrality Vision.
• ESG compliance is crucial: ESG criteria will be key for assessing corporate value, efficiency, and competitiveness.
• Trends shaping success: Athleisure, gender fluidity, inclusive sizing, access to nature, and sustainable fashion are key trends for the T&A sector.
• Adapting to a digital world: Digitization, AI-generated content, and smart production are shaping the future of the industry.
• Leading brands: Hongxing Erke and Anta Sports leverage AIGC and digital influencers, demonstrating the sector's dynamic evolution.

This report offers a comprehensive look at the booming Chinese apparel market and its commitment to a sustainable future. The insights shared at the conference will undoubtedly influence industry practices, fostering a more responsible and innovative landscape in the years to come.

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