Big winner in the button industry

The growth potential of China's textile and apparel industry mainly comes from exports, but under the trade disputes such as the appreciation of the renminbi and quota restrictions, the profit growth of the industry is slow and it is not favored by the market. However, with the trend of personalized clothing and fashion, the garment accessories industry as a non-cyclical consumer goods has become increasingly important to the downstream garment industry. Together with the transfer of global textile and accessories manufacturing centers to China, the domestic market capacity has been 20 per year. About a steady growth of about %. The market for buttons is also positive.
In addition, the data show that Vietnam's button imports increased by 55% year-on-year: In the first four months of this year, Vietnam's textile and apparel industry imported a 16.7 million US dollar button for domestic consumption, an increase of 55.4%. This is obviously a great opportunity for the domestic market.
The small button varieties support more than the scenes are in short supply: Zhejiang has nearly 10,000 textile and garment companies, as clothing accessories, the market demand for buttons has been very stable, there is no light season. The competition is mainly reflected in the variety of species. Basically, the larger the scene, the better the business is. It is very gratifying.

Looking at the entire button market, the big trend is very gratifying, and the button accessories industry is becoming increasingly powerful. On the other hand, the sigh of the decline of the Wenzhou button market. The welcome scene of the button market is delightful, but what we need to watch out for is that not all domestic button companies or markets are showing good upward momentum.

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