Apparel / Textiles & Accessories

Since the beginning of this year, China's home textile exports have maintained rapid growth. Customs data shows that from January to June this year, China's textile exports were 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 reached a record high. At the same time, the export of home textile products accounted for 11% of the total export of textile and apparel products, which was 42 percentage points higher than the growth rate of the overall export of textiles and apparel, effectively stimulating the recovery of the overall export growth of the industry. Among them, the export of curtains, carpets, blankets and other categories maintained rapid growth, with an increase of more than 60%; the export of kitchen supplies and table textiles grew relatively slowly, at 28% to 42%.

Some major companies reported that due to the global new crown pneumonia epidemic, some orders from India and ASEAN have returned since the beginning of this year, and the current orders from companies are relatively full. This trend is expected to continue until the third quarter or the end of the year. At present, the main enterprises remain cautiously optimistic and have not blindly expanded their production capacity. After the global epidemic has stabilized, they will still face the pressure of industrial transfer and outflow of orders.

In the first half of this year, the export of home textile products to the world's top 20 markets maintained growth. "In the U.S., Europe and Japan markets, China’s exports of home textile products to the U.S. market have the highest growth rate, with exports 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 total home textile exports. Exports of Chinese textile products to the EU have also maintained rapid growth, with exports 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, and accounting for 13.2% of total home textile exports." China Chamber of Commerce for Import and Export of Textiles is responsible According to people, the growth rate of China's textile products exports 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, an increase of 6.2% over the same period in 2019, and accounting for 8.8% of the total export of home textile products. From the perspective of regional markets, the export of Chinese textile products to Latin America, ASEAN and North America has grown rapidly, with a year-on-year increase of 65% to 112%.

Zhejiang, Jiangsu, Shandong, Shanghai and Guangdong are ranked in the top five textile export provinces and cities in the country. In the first half of the year, exports have maintained a steady recovery, with an export growth rate of 46% to 59%. It is worth noting that Jiangsu and Zhejiang provinces together account for 55% of the country’s total textile exports, and export provinces and cities are becoming more concentrated.

Among other provinces and cities, Yunnan, Shanxi, Chongqing, Shaanxi, Inner Mongolia, Ningxia, Tibet, and Gansu have experienced rapid growth in exports, all of which are more than doubled.

Importers of home textile products maintained optimistic sales expectations, but their sales fell month-on-month. In July, the National Retail Federation (NRF) raised its full-year retail forecast for 2021. It is estimated that the retail sales in the U.S. market in 2021 will increase by 10.5%~13.5% compared to 2020, and will be between 4.44 trillion and 4.56 trillion U.S. dollars, compared with 2. The forecast announced in January is raised by about 5 percentage points. In the same period, data released by the US Department of Commerce showed that the monthly sales of household goods and furniture in the United States declined compared to the previous month. Its sales in June were 11.83 billion U.S. dollars, a decrease of 3.6% from the revised May retail sales of 12.27 billion U.S. dollars. The U.S. Department of Commerce announced the largest decline in various commodities, but the overall retail situation has stabilized.

"Global offline transactions are expected to resume operation, which will help global trade resume prosperity." said the person in charge. In July, the American Home Textiles Association announced that the New York Home Textile Market Weekly offline activities will be resumed from this fall. At the same time, it will take into account the exhibition needs of suppliers and retailers who cannot go to New York to participate in the ordering activities due to travel restrictions. The online platform will be retained. , Domestically, the Autumn China Import and Export Fair is also preparing to be held online and offline at the same time.