By Yao Jing (
China Daily) 18:00, August 26, 2013
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Comments twitter facebook Sina Microblog reddit Foreign lingerie brands adjust designs to cater to Chinese customers. [Photo / China Daily]
There's a fine, frilly line between what is underwear and what is lingerie. On one side thereis simple functionality and comfort; on the other, glamor and effect. And each incorporatesa good part of the other.
The Chinese, once very much on the basic side, have of late been striding confidentlyupmarket as women seek more in the way of sophistication and less in pure practicalterms.
But for the makers and sellers of underwear, the changes in the market are anything butelegant or glamorous. Competition is fierce, It's a tough scene and very unbecoming.
As with so many products, foreign brands have the edge, but where before they usedChinese manufacturers, many have now moved to other Asian countries for production, asvarious costs in China increase.
Chinese companies are left fighting among themselves, struggling for brand identity.Factories that used to produce good-quality pieces cheaply for established brands, areregistering their own, hoping for a bit of a lift on the domestic scene - but there are somany of them and still having to cater for demand for smart but basic underwear.
"Chinese manufacturers are very efficient and the quality of craftsmanship you get for theprice is quite good," says Sergio Flores Bonamaso, general manager of Promise SA, aSpanish lingerie company that has been using Chinese manufacturers for more than 10years.
"But our business here is somewhat difficult because there are so many brands, andeveryone in the world wants to sell in China."
With a flagging market in Europe, last year Promise decided to enter the Chinese one,signing a deal with a new manufacturer.
Retail turnover in the Chinese underwear market rose 13 percent last year compared withthe year before. Compared with outerwear and footwear, the demand for underwear wasless affected by the economic downturn. This was because of comparatively affordableprices and the less discretionary nature of the product, says companiesandmarkets.com.
More than 40 percent of Chinese underwear customers are aged 25 to 44, an age groupexpecting higher income as the Chinese economic boom continues, according to a GlobalUnderwear Market Report 2012 issued by US-based Research and Markets.
For the 44-year-old family-owned Promise, which had revenue of 20 million euros lastyear, China therefore is promising ground for further growth.
"We are growing at an average rate of 10 percent year-on-year," Bonamaso says. "TheEuropean market is slowing down, but the United States and China are catching up."
It has been a slow start, with China accounting for very little of the company's turnover. Hereckons it will take another five years to cultivate the market.
"We have signed contracts with 15 provincial agents and have outlets in eight shoppingmalls in Shenzhen," he says.
Promise's product sets, which include lingerie, nightwear and shapewear, range in pricefrom 300 yuan ($49) to 800 yuan.
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