Market Scale And Segment Market Forecast Analysis Of China'S Fashion Shoes Industry In 2022
China's fashion shoes market can be divided into five categories according to the price range: low-end, popular, medium end, medium high-end and high-end. According to frost Sullivan's data, in 2020, the total retail sales of low-end, mass, medium and high-end footwear categories in China's fashion shoe market accounted for 19.8%, 28.5%, 29.8%, 10.0% and 11.8% respectively. Medium high end and high-end are the two categories with the fastest growth rate. It is estimated that the growth rate will be 5.5% and 10.2% respectively from 2020 to 2025. This is mainly due to the growth of disposable income and the high-end trend of the market, which makes the purchasing power of Chinese consumers continue to increase.
Data source: frost Sullivan, China Business Industry Research Institute
China's fashion clothing market can be divided into five categories according to the price range: low-end, mass, medium end, medium high-end and high-end. According to the frost Sullivan report, in 2020, low-end, mass, medium end, medium high-end and high-end clothing respectively accounted for 17.3%, 25.0%, 33.0%, 14.5% and 10.2% of the total retail sales of China's fashion trend market. Under the trend of high-end market, it is estimated that the medium and high-end clothing will grow at a compound annual growth rate of 3.3% and 9.8% respectively from 2020 to 2025.
Data source: frost Sullivan, China Business Industry Research Institute
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