The Clothing Industry in Hong Kong



Based on the stipulated methods, solutions which have no present CEPA guidelines of origins, will love tariff free treatment upon uses by regional companies and upon the CEPA principle of roots being agreed and also met.

Frequently, Hong Kong clothes makers, the established people particularly, have found passion for brand promotion.

Hong Kong’s complete exports of clothes rose year-on-year by nine {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} in the very first eleven weeks of 2005.

Business Features

The clothing business is actually a significant manufacturing sector of Hong Kong. It’s also the top earner in terminology of domestic exports, driving up forty {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} of the absolute in the very first eleven weeks of 2005.

Hong Kong isn’t just a reputable production centre but additionally a hub for clothes sourcing globally. Companies performing garment swap in Hong Kong are actually encountered in fabrics procurement, marketing and sales, quality management, logistic arrangements, apparel designs and national and international rules and regulations.

Hong Kong’s complete exports of clothes rose year-on-year by nine {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} in the very first eleven weeks of 2005.

 

On the rear of the increasing income however, Japanese customers are likely to resume the spending spree of theirs on premium clothes items.

While woven use for women/girls increased by thirteen {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92}, people for men/boys recorded a progress of eight {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} from the same time in the prior 12 months. Knitted wear increased by two {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92}, with women/girls as well as men/boys rising by one {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} as well as six {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} respectively. While clothes accessories declined by three {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92}, additional apparel articles, for the part of theirs, increased by thirteen {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92}.

Sales Channels

Hong Kong’s clothing producers have forged strong associations with the customers of theirs. They’re in a position to recognize as well as cater for the tendencies of extremely large customer bases. Exporters likewise have good knowledge of national and international rules as well as regulations governing clothes exports , like rules of origins, quota limitations, tariff fees as well as documentation needs.

A couple of well established local companies have entered into the retailing enterprise, possibly locally or perhaps in overseas markets.

Hong Kong’s dress designers have been increasing worldwide recognition for the professional expertise of theirs, sensitivity to current fashion and ability to merge commercialism with innovation.
stores overseas for example Bloomingdale’s, C & A, Mitsukoshi, Marui, Macy’s, Isetan, Harrod’s, Nieman Marcus as well as Seibu.

Exhibitions and trade fairs remain popular locations for suppliers and buyers of clothes to congregate.

Business Trends

Growing value of private labeling: Private product labels, in essence, have grown to be an increasingly good advertising application among garment merchants. To distinguish and also improvement the picture of the products of theirs, major retailers have began to place a stronger focus on the own labels of theirs. It’s also believed that forty five {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} of products purchased in the EU are offered under private labels. Renowned merchants like H&M, Marks & Spencer, Pimkie, Palmers, Orsay, Kookai and Springfield have owned the private labels of theirs. As users desire to have private product labels on daily garments as jeans, T-shirts and accessories, the doors are ready to accept the source of these clothes items to private label proprietors.

Growing fascination with China’s domestic market: The rapid development of mainland’s economic climate has attracted great curiosity of Hong Kong clothes businesses to explore its clothes industry. While international manufacturers are so ideal in the top segment, mainland makes dominate the low end.

CEPA

Based on the stipulated methods, solutions which have no present CEPA guidelines of origins, will love tariff free treatment upon uses by regional companies and upon the CEPA principle of roots being agreed and also met.

If connecting and/or stitching is/are needed, such process/processes should also be carried out in Hong Kong.

As outlined by the ATC, textile quotas have been eliminated among WTO participants at the very first day of 2005.

It enables an annual growth of 10 15 {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} in 2006, 12.5 16 {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} in 2007 and 15 17 {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} in 2008.

Merchandise Trends

Formal Dressing: While informal use accounts for the majority of clothes sales, a broad trend towards stricter business wedge codes has resulted in a rising need for formal dressing, especially suits. This’s a 6.5 percentage point boost over the very same year ago.

Additionally, Old Navy is their options among special apparel shops.

Silver Market: Ageing public becomes a widespread occurrence in numerous advanced nations in Europe at the same time as Japan and also the US. Elderly folks comprise a key market segment called’ bronze market’. Supported by cost savings, social security advantages & pensions, several elderly individuals have quite strong spending power. It’s believed that the age group of sixty five season and above accounted for aproximatelly twenty one {2d2f44a84581e7faccb3258644ff0ea0b6a9621a7db020bd2ff986e7f0634d92} of Japan’s usage expenditure in 2000.

plus size Market: The plus-size sector has been a location of development for numerous years, as well as the pattern is actually likely to go on in the coming long term. It’s believed that sixty five million females in the US put on size fourteen or perhaps above.

While major apparel brands as Dockers and Liz Claiborne have sold extensively easy care clothes, main hypermarkets, as Wal Mart, also provide much more merchandise of quality that is such.

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