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The Textile Magazine
APRIL 2012
China, India to emerge
fastest growing markets
for apparels
efiting from rising personal dispos-
able incomes. In fact, the number of
households earning over $50,000 is
expected to increase five-fold be-
tween 2010 and 2015. Furthermore,
there is strong potential for growth
in clothing retail demand as a result
of urbanisation within the country.
However, competition is fierce
as several foreign brands are en-
Retail demand in
several emerging
markets will grow
at double digit
annual average
rates in the five
years to 2016.
This is one of the
findings of a report
in the latest issue
of Global Apparel
Markets, published
by Textiles
Intelligence.
The fastest growth will be in
China and India, where demand is
set to rise by an average of 16.9 per
cent per annum in each country.
Double-digit growth is also fore-
cast for Indonesia (13.3 per cent per
annum), Russia (12 per cent per an-
num), Saudi Arabia (11.7 per cent
per annum), Turkey (11.4 per cent
per annum), Peru (10.3 per cent
per annum) and South Africa (10.1
per cent per annum), while growth
in high single digits is expected in
Brazil, Chile, Colombia and Thai-
land.
By contrast, demand in a number
of major Western European coun-
tries is expected to grow only mod-
estly between 2011 and 2016.
In China, the population is ben-
garments