Development of Clothing and Locks in Yiwu Small Commodity Wholesale Market

1. Growth rate of China's garment exports in Yiwu wholesale market

The international financial crisis has brought severe damage to the global textile industry, and rising production costs have also put tremendous pressure on Chinese textile companies. In the face of these, manufacturers and enterprises should take precautions, deal with challenges, and continue the good prospects.

On the one hand, it is necessary to increase the export of high-value-added brand products and improve the economic benefits of exports; on the other hand, make the capital go out, so that channels and Yiwu commodity brands can integrate relevant resources in the international market, and improve the international competition of the textile industry.

2. The locks of Yiwu Commodity Wholesale Market still have development potential

With the vigorous development of China's hardware market and Yiwu wholesale, the overall capacity of Yiwu small commodity locks has now reached as much as 70 billion. Zhejiang, Guangdong, Shanghai, and Shandong are the main centers of lock manufacturers.

The Yiwu Small Commodity Market of locks is gradually showing its characteristics. The characteristic referred to here is the development model of industrial clusters. The number of lock-making enterprises in the cluster is large and the comprehensive output of the enterprises is large, the market growth momentum is strong, the sales are high, and the export growth rate is high. In addition, the import speed is also increasing, and the international market share of the high-end market of Yiwu small commodity lock industry is also increasing.

Since 2014, China's lock products have been exported to 208 countries and regions, with a cumulative export value of US$5.229 billion. Small locks can output 60 billion yuan, which benefits from industrial transformation and upgrading, modern high-tech applications, corporate brand management, and growth in market demand. The high-tech transformation of traditional industries has achieved remarkable results in the lock industry. China's lock industry has formed a comprehensive industrial system covering machinery, electronics, and biotechnology, with thousands of categories, and spanning multiple disciplines and industries.

In addition, according to customs statistics, the average annual export growth rate of the lock industry during the Eleventh Five-Year Plan period reached 31%, which was twice the average growth rate of the hardware industry.

Suppliers and enterprises should continuously improve the product quality standards of Yiwu Commodities, be market-oriented, increase the adjustment of Yiwu Commodities' product structure, innovate science and technology, increase the research and development of new materials and new processes, and establish a strong influence Locks featured brand market. The future market of locks still has the potential for permanent development.

TOP EASE was established in 2017 and is located in Yiwu City. We are a member of Sellers Union Group established in 1997. Our company focuses on comfortable and fast fashion daily necessities, and is committed to providing exquisite life for people all over the world. If you have any needs, please feel free to consult us.