GREY:FTPLF - Post by User
Comment by
OptsyEagleon Jan 25, 2012 8:45am
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Post# 19445843
RE: A New Presentation On FTP Website
RE: A New Presentation On FTP Website The chart on page 7 is interesting. It outlines how much the Chinese consumer have spent on clothing in the 10 years ending in 2009. In 2009 it shows spending of a hair less then 1.1 Trillion RMB. That's $175 Billion Canadian dollars worth of clothing. The other point the chart makes is that in the last 5 years the increase in spending by the Chinese consumer has been growing at 20.6% annually for the last 5 years.
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If this trend continues, China alone will need $35 Billion dollars worth of more clothing next year then they did this year ... an so on, and so on. That is a lot of cloths that requires a lot of textiles. We haven't even looked at what India might want or Brazil or even the developed world, for that matter.
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Anyways, not ground breaking but a very interesting trend.