The US imported home textiles worth $22.025 bn in 2022, marking the second year of a downward trend. After a steep rise in imports during the COVID year 2020, the home textiles segment is facing hurdles due to personal preferences and economic concerns. The Asia-Pacific region remained the largest supplier, accounting for 81 percent of US imports.
Imports experienced record growth in 2020, reaching $32.569 bn from $18.757 bn in 2019, according to market report. This was largely due to COVID-related lockdowns, which forced people to stay at home and led to a surge in demand.
However, imports have been on a downward trajectory since 2021. Imports dropped to $24.285 bn in 2021, and the sluggish trend continued in 2022 due to changing consumer preferences. Initially, consumers preferred to buy garments instead of home textiles as they began to venture out of their homes. In the second half of 2022, high inflation and unemployment dried up their pockets, making discretionary purchases such as garments and home textiles less feasible. Brands also slowed down their sourcing as they struggled to clear their stock in showrooms, and some even postponed or cancelled purchase orders.
In 2022, the US imported home textiles primarily from the Asia-Pacific region, which accounted for $18.015 bn, or 81.9 percent, of total imports. The country also imported products from North America (6.18 percent), the Middle East (6.13 percent), Europe (3.68 percent), Central & South America (1.34 percent), and Africa (0.77 percent).
