China Cashmere Clothing Market Size & Outlook, 2023-2030
China cashmere clothing market, 2018-2030 (US$M)
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China cashmere clothing market highlights
- The China cashmere clothing market generated a revenue of USD 516.2 million in 2023 and is expected to reach USD 885.9 million by 2030.
- The China market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, sweaters and coats was the largest revenue generating product in 2023.
- Tees and Polo is the most lucrative product segment registering the fastest growth during the forecast period.
Cashmere clothing market data book summary
| Market revenue in 2023 | USD 516.2 million |
| Market revenue in 2030 | USD 885.9 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Sweaters and coats |
| Fastest growing segment | Tees and Polo |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sweaters and Coats, Pants and Trousers, Tees and Polo |
| Key market players worldwide | Brunello Cucinelli SpA, The Naga Group AG, Repeat Cashmere, Lvmh Moet Hennessy Louis Vuitton SE, Pringle of Scotland, Autumn Cashmere, TSE Cashmere, 360Cashmere, White + Warren, Dawson Forte Cashmere, Lisa Todd, Gobi Cashmere |
Other key industry trends
- In terms of revenue, China accounted for 18.5% of the global cashmere clothing market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China cashmere clothing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 885.9 million by 2030.
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Cashmere Clothing Market Scope
Cashmere Clothing Market Companies
| Name | Profile | # Employees | HQ | Website |
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China cashmere clothing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cashmere clothing market will help companies and investors design strategic landscapes.
Sweaters and coats was the largest segment with a revenue share of 53.74% in 2023. Horizon Databook has segmented the China cashmere clothing market based on sweaters and coats, pants and trousers, tees and polo covering the revenue growth of each sub-segment from 2018 to 2030.
China dominates the global cashmere industry and is a leading producer of de-haired and finished cashmere products. The country produces approximately 70 percent of the world's cashmere output. China's prominence in the cashmere market can be attributed to several key factors.
China boasts a significant population of cashmere-producing goats, particularly in regions such as Inner Mongolia, Xinjiang, and Qinghai. These areas provide ample grazing land and suitable climatic conditions for the goats to thrive and produce high-quality cashmere fiber.
Moreover, the cashmere industry in Qinghe, a Chinese city has developed distinct characteristics over the past years. With over 50,000 cashmere carding machines, around 140 spinning production lines, and more than 10,000 computerized flat knitting machines, the city has established a comprehensive industrial chain encompassing carding, slitting, spinning, sweater weaving, weaving, garment manufacturing, and sales.
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Horizon Databook provides a detailed overview of country-level data and insights on the China cashmere clothing market , including forecasts for subscribers. This country databook contains high-level insights into China cashmere clothing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China cashmere clothing market size, by product, 2018-2030 (US$M)
China Cashmere Clothing Market Outlook Share, 2023 & 2030 (US$M)
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