The China Home Textile Industry Association disclosed on the 25th that with the continuous growth of international demand, Chinese textile enterprises' ability to cope with the external environment has continued to increase, and the export of home textile products has shown strong vitality. The number and price of exported home textile products have achieved double growth, and the export volume has been higher than before the epidemic. The normal level of China is still achieving good growth.
In the first half of this year, China's textile exports totaled US$21.912 billion, a year-on-year increase of 53.89% and an increase of 19.99% over the same period in 2019 before the epidemic.
Among them, both traditional markets and emerging markets have shown strong growth, with exports still achieving a substantial increase from the normal level before the epidemic. The U.S. market, which accounts for the largest share, has skyrocketed in demand. In the first half of this year, China’s exports of U.S. home textile products totaled US$5.483 billion, a year-on-year increase of 53.92% and a year-on-year increase of 28.18%. In addition, in the traditional market, exports to the EU were 2.868 billion U.S. dollars, an increase of 45.84% year-on-year; exports to Japan totaled 1.463 billion U.S. dollars, an increase of 14.39% year-on-year, an increase of 5.18% compared to 2019. Among the emerging markets, the ASEAN and Russian markets performed outstandingly: China's exports of home textile products to ASEAN increased by 61.24% year-on-year in the first half of this year; exports to Russia increased by 58.96% year-on-year.
From the perspective of export products, the export of carpets, beddings, blankets and fabric products in the first half of this year was more prominent, and the export volume achieved a growth rate of more than 20% compared with the same period in 2019.
The China Home Textile Industry Association stated that home textile companies are generally cautiously optimistic about the overall operation of the home textile industry in 2021. Affected by the global new crown pneumonia epidemic, the international economic and trade environment is complex and changeable, the uncertainty of market demand has increased, and home textile companies are paying more attention to changes in the international market.
Post time: 10-20-2023
