Main Characteristics of Used Clothing Market
The degree of standardization in the Used Clothing Market has dropped significantly
This is a common phenomenon for highly standardized products, such as 3C.
When fruit machines first launch public, each model has tens of thousands of pieces, but Things turn in a completely different direction in the secondary market. Two machines are probably sold at different prices even they are the same model with exactly same color and system. Considering different parameters that can affect your purchasing decision, like color, degree of wear, been dismantled or not, warranty, etc. Therefore, as a seller, we must sell them as different items.
Difference of used clothing
Such a significant difference also appears in clothing categories. For example, when a brand first puts trousers of a certain style on the market, each item has multiple pieces of the same and different sizes. But in Used clothing, there is often only one piece of clothing.
As you normally can only have one piece when recycling used clothing. It is very likely that you are not able to find any two pieces of clothing that are exactly the same, which means that the overall difference between your used clothing is even greater. Used clothing in Poland is the best show
The supplier’s restriction become smaller
The main impact on the secondary market is reflected in the collection price, source, and gross profit. We all know that no matter what commodities the suppliers provide, they will have a more uniform price constraint on their downstream. But for Used clothing, come from highly dispersed individuals and users, so the collection is also decentralized.
In terms of price, because we are collecting from B to C, second-hand merchants are in a relatively strong position and have strong bargaining power. Generally speaking, prices can be lowered, and gross profit will naturally be much higher than that of the primary market.
Used clothes source
On the other hand, although second-hand merchants can get rid of the constraints of suppliers to a greater extent, the source of second-hand items, that is, individual users will still have a significant impact on the collection process. Take maternal and children’s clothing as an example. Once not in use, they will cause a large space burden, a great demand for user cleaning. Due to these reasons, collecting maternal and child clothing is very easy, and the cost is relatively low.
However, the situation of the 3C category is different, each family only has a few pieces, and as small items, they do not take up place.
Personalization of items(Used Clothing Market)
This phenomenon is probably more obvious in the category of Used clothing. Most of the time, buyers will first try to figure out who you are, what kind of dressing habits you usually have, especially the maintenance methods and buying habits, to judge whether this piece of clothing is actually worth buying. If buyers get a feel that the seller is with low taste, or the taste is very different from theirs, they will definitely not buy your clothes.
This is especially significant when it comes to a famous brand. The buyer will even doubt whether the clothes are genuine. They will try to judge whether you are trustworthy by chatting with you. In many cases, persuading the other party to purchase requires a guarantee of personality. Things certainly become different under the B2C model, but still, need other measures to make the buyer trust you.
A promising future for the used clothing market
China is a major textile country globally and consumes a staggering amount of textile fibers every year. Due to its large population, the country’s annual reliance on these textile raw materials, such as natural fiber resources like cotton, linen, and silk, and non-renewable petrochemical raw material resources for producing chemical fibers, is enormous in terms of quantity.
Most of these fabrics will, after a few years, become waste textiles and be disposed of as waste.
Massive waste of textiles
As living standards rise and textile trends change, textiles are being replaced much more frequently. Especially in this age of dazzling brands, the rate at which ordinary people, especially women, update their clothes is staggering. According to surveys, more than 80% of girls add a few new clothes to their wardrobe every season, even if their wardrobe is nearly full. Many young women buy many clothes based on shopping impulse and the pursuit of fashion, but few clothes are not worn once or worn only once or twice before they are no longer wanted. When new clothes come in, the old ones have to make way, and fashionistas often choose to get rid of their old clothes.
How big is the market for used clothes in China?
Used Clothing Market Conclusion
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