With economic activities mostly resumed, the world merchandise trade in 2021 also jumped 26.5% from a year ago, the fastest growth in decades. Specifically, thanks to consumers’ strong demand, world clothing exports in 2021 fully bounced back to the pre-COVID level and exceeded $548.8bn, a substantial increase of 21.9% from 2020. or old however,the latest, and reliable data can be obtained for right analysis).Pattern #1: As the world economy recovered from COVID, the world clothing export boomed in 2021, while the world textile exports grew much slower due to a high trade volume the year before. (It may be possible that the data is approx. The examples of some of the countries for Children ware garments analysisis given as under. The example of analysis is enclosed for right direction. Extend and the major source of earning of the population, the choose of the best products will be definitely exercised and have a right potential for the quality products.Īn in-depth analysis of the required parameters applicable to specific product in advance will help in ascertain the particular market segment in the It is observed that, where service sector has developed to a mix. The most developed structure for source of earning: If yes, It is essential to analyse the source being your competitor, and his product details and the feed back of the consumers. It is also required to ascertain whether the particular country under study is presently importing the garments, consumer durables etc. In case of local production, It will be seen the quality, trend, produced by them. In case there are no local production, it will be observed how the executing requirements are served. The parameter will help to understand whether the industry is already producing the garments for the local requirements or also exporting additional idle capacity outside the country. The maximum consumption, minimum consumption, as well as average consumption should be studied to ascertain the capacity of the people to spend on house hold items like garments. This parameter will help to understand the tendency of the population as well as purchasing power to spend on the requirement like cloth, housing consumer durables etc. Household Income and Consumption structure: This will also help in deciding the product mix in total requirement of a market of particular country. To ascertain available potential of the market of a particular country. This will help in ascertain the product requirements, quality, trend as well as periodicity of the seasons in the market segment.Īge Structure of the Population of a particular country: The analysis will help to understand the tariff structure of the country of import as well as various preferential tariff for specific country under various Regional Trading Agreements ( RTA), Free Trading Agreements ( FTA).Ĭlimate conditions of a particular country: This will help to ascertain the support available for export in the country, and the quantification of the benefits will help in competitive pricing given for the exports.Įxport-Import Policy of the Country of Import: In case of Garments particularly Children ware, the analysis and study of some following parameters ( basics ) are very essential to ascertain the right kind of market and specific requirement of that market.Įxport-Import Policy of the Country of Export: Ever expanding trade between the countries and competition between the producers of the garment in the same market segment of a country, It is very essential to find out the correct market for the product all over the world.
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