COVID-19 was a golden era for home textiles. Their exports witnessed a robust demand during the pandemic as people spent lot of time at home which increased the sales of these products, according to industry experts. However, exporting countries like China, India, Sri Lanka, and Pakistan are facing headwind for home textile exports in the current year.
China’s home textile exports slipped in the first quarter of this year but improved in the following quarters. They came down to $10.062 bn in the first quarter of 2022 from $12.031 bn in the fourth quarter of 2021 and moved up again to $10.292 bn in the second quarter and $10.681 bn in the third quarter of 2022. The exports amounted to $10.941 bn in the first quarter of 2021, according to market report.
However, a trend like that of China’s was not seen in India, Sri Lanka or Pakistan. India’s exports of home textiles declined to $2.189 bn in the first quarter of 2022 from $2.333 bn in the fourth quarter of 2021. The export further slipped to $2.026 bn in the second quarter of 2022. The shipment was $2.153 bn in the first quarter of 2021.
Similarly, home textile exports from Sri Lanka came down to $32.516 mn in the first quarter, $31.501 mn in the second quarter and $27.239 mn in the third quarter of 2022 from $34.013 mn in the fourth quarter of 2021 and $35,993 mn in the first quarter of 2021, as per TexPro.
Pakistan’s exports fell to $1.465 bn in the first quarter of 2022 from $1.575 bn in the fourth quarter of 2021. The shipment stood at $1.262 bn in the first quarter of 2021.
