In the first half of the year, my country’s home textile exports maintained rapid growth, with export scale reaching a record high, and exports to the world’s top 20 markets all maintained growth.
The specific characteristics of my country’s home textile exports from January to June are as follows:
01 Exports grow rapidly, scale A record high
From January to June, my country’s home textile products exported US$15.56 billion, an increase of 54% over the same period last year and an increase of 22.4% over the same period in 2019. The export scale hit a record high. At the same time, the export of home textile products accounted for 11% of the total exports of textile and apparel products, 42 percentage points higher than the overall export growth rate of textile and apparel products, effectively driving the industry’s overall export growth to resume. Among them, the export of curtains, carpets, blankets and other products maintained rapid growth, with an increase rate of more than 60%. The export of kitchen supplies and table textiles grew relatively slowly, between 28% and 42%.
Main companies report that due to the impact of the global new crown epidemic, some orders from India and ASEAN have returned since this year. Currently, companies have relatively full orders on hand, and the trend is expected to continue until the third quarter or the end of the year. . At present, main enterprises remain cautiously optimistic and have not blindly expanded production capacity. After the global epidemic stabilizes, they will still face the pressure of industrial transfer and order outflow.
02 The United States leads the recovery of international home textile market demand
In the first half of the year, home textile products ranked among the top two in the world. Exports from the top ten markets all maintained growth.
Among the U.S., European and Japanese markets, China’s exports to the U.S. market have the highest growth rate, with an export volume of US$5.17 billion, an increase of 65% over the same period last year and an increase of 30.5% over the same period in 2019. Accounting for 33.2% of the total exports of home textile products.
In addition, the export of home textile products to the EU also maintained rapid growth, with an export volume of US$2 billion, an increase of 42.4% over the same period last year, an increase of 10% over the same period in 2019, accounting for 10% of the total exports of home textile products to the EU. 13.2% of total exports;
The export growth rate of home textile products to the Japanese market is relatively slow, with an export value of US$1.37 billion, an increase of 8.8% over the same period last year, and an increase of 6.2% over the same period in 2019. , accounting for 8.8% of the total exports of home textile products.
From a regional market perspective, exports to Latin America, ASEAN and North America grew rapidly, with year-on-year growth rates ranging from 65% to 112%.
03 The exports of the top five provinces and cities have recovered steadily, and the export growth rate of eight provinces and cities has more than doubled
Zhejiang, Jiangsu, Shandong, Shanghai and Guangdong ranked among the top five home textile export provinces and cities in the country. In the first half of the year, exports all maintained a steady recovery, with export growth ranging from 46% to 59%. It is worth noting that Jiangsu and Zhejiang provinces together account for 55% of the country’s total home textile exports, and exports are increasingly concentrated in provinces and cities. Among other provinces and cities, eight provinces and cities including Yunnan, Shanxi, Chongqing, Shaanxi, Inner Mongolia, Ningxia, Tibet and Gansu have experienced rapid export growth, with the growth rate more than doubling.
04 Importers maintain optimistic sales expectations but sales declined month-on-month
July , the National Retail Federation (NRF) raised its full-year retail forecast for 2021. It is expected that retail sales in the U.S. market will increase by 10.5% to 13.5% in 2021 compared with 2020, ranging from 4.44 trillion to 4.56 trillion US dollars, which is approximately 5 percentage points higher than the previous forecast released in February. During the same period, data released by the U.S. Department of Commerce showed that monthly sales of U.S. home furnishings and furniture declined month-on-month. Its sales in June were US$11.83 billion, a decrease of 3.6% from the revised retail sales of US$12.27 billion in May. The U.S. Department of Commerce reported the largest decline among various categories of goods, but the overall retail situation has stabilized. In addition, as the global epidemic gradually eases, offline transactions are expected to resume operations, helping to restore prosperity to the global trade market. In July, the American Home Textiles Association announced that the New York Home Textile Market Week offline events will resume this fall, while retaining an online platform to accommodate the exhibition needs of suppliers and retailers who cannot attend ordering events in New York due to travel restrictions. Domestically, the Autumn Guangzhou Commodity Fair is also preparing to be held online and offline simultaneously. </p
