SHANGHAI, April 15, 2016 /PRNewswire/ --According to SinoInteractive, a China-based PR company,annualclothing sales in China will exceed $300 million in 2019, up 25% from 2014. By comparison, apparel sales in the United States are estimated to hit $267 million inthree years, meaning China will surpass the U.S. as the world's largest apparel market by the end of the decade.
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The report, which compared industry performance in the world's two largest economies,says thatdespite the strengthening of the Chinese currency, theRenminbi,and rising raw materialand labor costs directly impacting the Chineseclothing market, China still continues to be a globalleader.
Apparel made in Chinafor U.S export has anapplied tariff rate as high as 9.63% for textiles and 16.05% for clothes; free trade agreements under negotiation may see that be replaced by products made in Asia.
Sino Interactive took a deep look at the apparel exporters of China. One of the rising e-commerce giants is Globalegrow, another isSammydress.com, which aims to deliver higher quality fashion at alower cost.In SinoInteractive's view,e-commerce giants such as Globalegrow (Sammydress.com), Alibaba and others willconstituteup to 50% of the global e-commerce market by 2018.
Companies like Sammydress work with numerous clothingfactories and suppliers based in thesouth of China. The company enjoys positive reviews and has an international group of personnelwhich isthe key to satisfying clients from differentregions.
