Exporting countries like China, India, Sri Lanka, and Pakistan are facing headwind for home textile exports in the current year, according to TexPro.
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 billion in the first quarter of 2022 from $12.031 billion in the fourth quarter of 2021 and moved up again to $10.292 billion in the second quarter and $10.681 billion in the third quarter of 2022. The exports amounted to $10.941 billion in the first quarter of 2021, according to TexPro.
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 billion in the first quarter of 2022 from $2.333 billion in the fourth quarter of 2021.
The export further slipped to $2.026 billion in the second quarter of 2022. The shipment was $2.153 billion in the first quarter of 2021.
Similarly, home textile exports from Sri Lanka came down to $32.516 million in the first quarter, $31.501 million in the second quarter and $27.239 million in the third quarter of 2022 from $34.013 million in the fourth quarter of 2021 and $35,993 million in the first quarter of 2021.
Pakistan’s exports fell to $1.465 billion in the first quarter of 2022 from $1.575 billion in the fourth quarter of 2021. The shipment stood at $1.262 billion in the first quarter of 2021.
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.
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