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textile quotas were eliminated in accordance with WTO members on the first day of 2005 with the Agreement on Textiles and Clothing (ATC). But the resistance against the removal of common shares in the U.S. and the EU. Subsequently, China has reached agreements with the EU and the United States in June and November 2005. The China-US agreement, with effect from January 2006 regulates the export of a total of 21 groups with 34 categories of Chinese textiles and apparel in the U.S.during 2006-2008. The EU-China agreement, in force since June 2005, includes 10 categories of Chinese textiles and clothing to the EU in 2005-2007.
On the other hand, mainland China and Hong Kong in October 2005 decided to further liberalize the market of mainland companies in Hong Kong under the third phase of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA III). Together with other products from Hong Kong to the mainland agreed to give all products of HongKong origin, including garments, duty-free from January 1, 2006. In accordance with agreed procedures, products which do not have the existing CEPA rules of origin will enjoy tariff-free treatment for applications by local manufacturers and the CEPA rules of origin, be agreed and met.
Society of Hong Kong are serious clothes for ODM and OEM production. Are able to provide quality garments in a short time, as foreign importers and retailersRequest to tighten the suppliers of clothing, supply chain management, who ordered the product reaches the shop floor at the right time guaranteed. Increasingly, Hong Kong clothing companies, the incumbent has shown particular enthusiasm for building the brand.
Hong Kong's total exports of clothing increased over the last year of 9% in the first 11 months of 2005. While Hong Kong Re-exports of clothing increased by 20% and domestic exports decreased by 14%. In the first 11 months of 2005, Hong Kongclothing exports to the United States and the EU have increased by 11% and 18%. While the garment industry of Hong Kong is stagnant exports to Japan, which fell 11% on the mainland.
Industry Services
The clothing industry is an important industrial sector in Hong Kong. The gross output is the highest among all manufacturing sectors of $ amounted to 35.9 billion Hong Kong in 2003. It is the largest employer in manufacturing in Hong Kong, with 1,673 farms, rents 28,752 employees in June2005 It 's also the leading earner in terms of national exports and 40% of the total in the first 11 months of 2005.
geographical boundary of Hong Kong has never restricted the development of future-oriented garment industry. Most clothing manufacturers have cut production offshore in an attempt to operating costs. Relocation of production offshore has led to a steady decline in the number of garment manufacturers in HongKong.
Hong Kong is not only a major production center but also a hub for clothing sourcing globally. Companies which trade in garments in Hong Kong are experts in procurement of tissues, sales and marketing, quality control, logistical arrangements, the clothing designs and international and national standards and regulations. The professionalism that the command and combined services offered are not easily matched elsewhere. houses with a total of 15,190 farms 95,889 workers, theyconstitute the largest group in the import-export trade of Hong Kong participated.
Performance of Hong Kong exports of clothing
Hong Kong's total exports of clothing increased over the last year of 9% in the first 11 months of 2005. While Hong Kong Re-exports of clothing increased by 20% and domestic exports decreased by 14%. The contrasting performances of the king of Hong Kong, exports and domestic exports was mainly attributed to the increasing relocation of the clothing industry in mainland China, fromthe elimination of quotas under the WTO Agreement on Textiles and Clothing (ATC). But the decline of national exports in recent months made a little 'reversed with the reintroduction of quantitative restrictions on textiles and clothing from the mainland U.S. and the EU.
Retail sales in the United States has remained constant in its first 11 months of 2005, an increase of almost 6% over the same period last year. In the first 11 months of 2005, Hong Kong exports of clothing to the United States has increased over last year11%.
In the first 11 months of 2005, Hong Kong exports of clothing to the EU increased by 18% over the previous year. clothing exports to major European markets such as France, Germany and Italy, recorded growth rates above 20%.
On the other hand, level of exports of Hong Kong clothing in Japan in the first 11 months of 2005 in part to the trend of direct shipment. On the back of rising incomes, however, Japanese consumers tend to splurge on clothing prize in their curriculum.Meanwhile, Hong Kong exports of clothing fell after mainland China by 11% in the first 11 months of 2005 compared to the same period last year.
Product-wise, exports to Hong Kong to wear fabric grew 12% in the first 11 months of 2005. While woven clothing for women / girls increased by 13% those recorded for men and boys to grow by 8% over the same period last year. Knitwear has grown by 2% for women / girls and men / boys increased by 1% and 6%. While Clothing Accessoriesdecreased by 3%, other garments, which in turn increased by 13%.
Sales channel
Hong Kong clothing manufacturers have forged strong relationships with customers. You must understand the situation and are directed towards the preferences of very broad customer base. Exporters also have a good knowledge of international and national rules and regulations governing the export of clothing, such as rules of origin, quota restrictions, fees and documentation requirements. Cut and maketrim (CMT) arrangements are made, although many common Hong Kong manufacturers have moved to higher value activities such as design and brand development, quality control, logistics and material sourcing.
Some local manufacturers have entered the consolidated retail business, either locally or in overseas markets. Many of them have retail networks in major cities worldwide, including Beijing, London, New York, San Francisco, Shanghai, Singapore, Sydney, Taipei andTokyo. Some well-known manufacturing retailers include Baleno, Bossini, Crocodile, Episode, Esprit, G-2000, Jordan JEANSWEST, Mademoiselle and U-2.
In a global hub for sourcing in Asia, Hong Kong attracts a number of houses of international trade and retail. Buyers sourcing from Hong Kong department stores Americans and Europeans (eg, Macy's, JCPenney, Federated, Karstadt Quelle, C & A) department stores (like Sears, Target and Carrefour), special chains (eg, The Gap,The Limited) and mail (eg Otto and Great Universal Stores). Many premium designer labels worldwide - such as Calvin Klein, Donna Karen, Ralph Lauren, Tommy Hilfiger and Yves Saint Laurent - source clothes in Hong Kong through their buying offices or other intermediaries.
Hong Kong designers have won worldwide fame to combine their professional skills, sensitivity to current trends and the ability to commercialize innovation. Middle-high fashion clothing at affordable prices with Hong Kong designer labels is being sold / have been sold in renowned department
Subsidiaries abroad as Bloomingdale's, C, & A, Harrod's, Isetan, Macy's, Marui, Mitsukoshi, Nieman Marcus and Seibu.
Fairs and exhibitions remain common places for buyers and suppliers of clothing to congregate. To establish connections and explore market opportunities, producers and traders in Hong Kong actively participated in international exhibitionsconducted by Hong Kong Trade Development Council (TDC), including Beijing, Chengdu, Dalian, Dubai, Dusseldorf, Hong Kong, Moscow, Mumbai, Paris and Tokyo. "Hong Kong Fashion Week, held twice a year and attracts international suppliers and buyers to attend the exhibition. Organised by TDC," World Boutique, Hong Kong, "the first independent event in Hong Kong dedicated to promoting the collection designers' and brands from around the world.
IndustryTrends
The changes in the retail landscape in the United States and the European Union through large retail outlets drastic restructuring and consolidation, particularly the growing importance of supermarkets like Wal-Mart. to do in order to strengthen competitiveness, Kmart and Sears have joined the third group of retail in the United States.
Growing importance of private labels: private label, in essence, have become an increasingly effective marketing tool among clothing retailers. To distinguish, asThe upgrade and the image of their products, large retailers have begun to place greater emphasis on its brand. According to Cotton Incorporated, private label accounted for 45% of total U.S. apparel sales in 2003 compared to 39% in 2001. In some categories of clothing for adults, such as skirts, private labels accounted for as high as 76% of total sales. It is also estimated that 45% of EU products are sold under private labels. Renowned brands like H & M, Marks &Spencer, Orsay, Palmers, Pimkie, Springfield and Kookai have are their own brands. As a consumer, private label clothes as everyday accessories like jeans and shirts, the doors are open for the supply of these garments for owners of private labels.
Growing interest in the domestic market in China: the rapid expansion of the Continental has a major interest of Hong Kong Clothing attracted companies to explore their clothing market. A survey on the mainland as CCTBuyers point out that the trade marks in Hong Kong are the number one ranked by the respondents in the mid-range. While international brands are preferred in most high-end segment, dominated by the continental low-end brands. Moreover, the same survey found that consumers' eyes mainland companies in Hong Kong are very strong in casual wear, since they are generally of good design and quality. In essence, many mainland consumers greater awareness of Hong Kong brand developed byTours and shopping in Hong Kong. Therefore, casual clothing in Hong Kong has successfully projected a positive image of mainland consumers.
CEPA
On 18 October 2005, the Mainland and Hong Kong have decided to further liberalize the market for mainland companies in Hong Kong under the third phase of the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA III). Together with other products originating in Hong Kong, China agreed to give all products of Hong Kongincluding the handling of duty-free items from 1 January 2006. In accordance with agreed procedures, products which do not have the existing CEPA rules of origin will enjoy tariff-free treatment for applications by local manufacturers and the CEPA rules of origin, be agreed and met. But it is not made in Hong Kong will continue to bring the duty rates of 10-25% upon entry into the mainland.
The promulgation of rules of origin for clothing to take advantage of the CEPAtariff preference are basically similar to the existing rules of Hong Kong exports of these products. Overall, the main method of production of cutting and sewing garments are sewn in parts of clothing. If the connection and / or stitching is / are required, such process / processes must also be made in Hong Kong. For the piece knitted garment, if it is made of yarn, is the most important process of knitting yarns knitted-to-shape panel.
If the head-piece is knittedManufactured from knit-to-shape panels is the most important process of mesh panels-a-form in connection garment. If stitching is required, must be carried out in Hong Kong.
Measures affecting trade in clothing exports
According to the ATC textile quotas among WTO members on the first day of the year 2005 have been eliminated. But the resistance against the removal of common shares in the U.S. and the EU. Especially in the U.S., China call specific safeguards on 10 categories of garments from China.In this context, China has reached agreements with the EU and the United States in June and November 2005.
The China-US agreement, with effect from January 2006 regulates the export of a total of 21 groups with 34 categories of Chinese textiles and apparel to the United States during 2006-2008. It provides an annual growth of 10-15% in 2006, 12,5-16% in 2007 and 15-17% in 2008. The EU-China in June 2005 with an annual growth of 10% 8-12,5Categories of Chinese textiles and clothing to the EU in 2005-2007. Moreover, the EU and the U.S. have decided to show restraint in asking China to specific against Chinese textiles and clothing, not included in contracts to exercise protection.
Product Trends
Formal Dressing: While casual dress is appropriate accounts for most sales of clothing, a general trend towards stricter corporate dress codes in an increased demand for formal wear is particularly worn. According to a surveyCotton Incorporated by the end of 2004 or early 2005, 38.5% of respondents believe that people attracted by negligence at work. This is a 6.5 percentage points higher than the same period last year.
Teenagers: One of the main driving forces of the market seems to be dressed youth in the coming years. The number of young people under the United States increased from 31.6 million in 2001 to 34.1 million in 2010. A recent survey by Teenage Research Unlimited found that teenagers are saving money by valueShopping. While their preferred stock JCPenney, Target and Wal-Mart is their favorite are hypermarkets. Also, Old Navy is their decisions in a specialty clothing stores.
Silver Market: The aging population is a common phenomenon in many developed countries in Europe and Japan and the United States. The elderly represent an important segment of the market called "silver market". Supported by the savings, benefits, many elderly people tend to stronglyPurchasing power. It is estimated that the age group 65 years and over represent about 21% of Japanese consumer spending in 2000. A survey conducted by the Japanese government also shows that people who are 60 years of age and older are nearly three times the financial assets of those of 40-50 years. In the United States amounted to persons aged 65 years to 18.1 million in 2001, and the number expected to swell to 26 million in 2015.
Plus-size market: The market for plus-sizeis an area of growth for many years and the trend should continue in the near future. An estimated 65 million women carry in size U.S. 14 or higher. This group represents half the U.S. population is female. It was reported that some well-known brands have already responded to the trend by offering larger assets, these companies are Liz Claiborne, Ralph Lauren and Tommy Hilfiger.
Easy maintenance: dirty clothes and unwrinkledSubstances are included in the market. An estimated quarter of clothing today is made of easy care fabrics, and its popularity is expected to continue in the coming years. While large clothing brands such as Dockers and Liz Claiborne already widely marketed clothing-care, large supermarkets and department stores, like Wal-Mart to offer more products in the quality.
Source: Hong Kong Trade Development Council
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