China's Home Textile Exports Hit A New High in First Five Month Of This Year

In the first five months of this year, China's home textile exports recovered in an all-round way, with the export scale reaching a record high, and the exports of major provinces and cities increased significantly. The demand of international home textile market continues to be strong, and the export of China's home textile products to major international markets continues to grow, among which the export growth rate to the U.S. market is the highest. The specific characteristics of China's home textile export from January to May are as follows:
Export scale hit a new record in the past five years
From January to may, the export of China's home textile products reached US $12.62 billion, an increase of 60.4% over the same period of last year and 21.8% over the same period of 2019. The export scale reached a record high in the past five years. At the same time, the export of home textile products accounted for 11.2% of the total export of textile and clothing products, 43 percentage points higher than the overall export growth of textile and clothing products, effectively promoting the overall export growth of the industry. Among them, the export of bed products, carpets, towels, blankets and other major categories of products maintained a rapid growth rate of more than 50%, while the export growth rate of kitchen and table textiles was relatively stable, ranging from 35% to 40%.
The United States leads the recovery of international home textile market demand
In the first five months, the export of home textile products to the world's top 20 single country markets maintained growth, among which the export growth rate to the U.S. market was the highest, with the export volume of US $4.15 billion, an increase of 75.4% over the same period of last year and 31.5% over the same period of 2019, accounting for 32.9% of the total export volume of home textile products.
In addition, the export of home textile products to the European Union also maintained a rapid growth, with the export volume of US $1.63 billion, an increase of 48.5% over the same period of last year and 9.6% over the same period of 2019, accounting for 12.9% of the total export volume of home textile products;
The export growth of home textile products to Japan market is relatively stable, with the export volume of US $1.14 billion, an increase of 15.4% over the same period of last year and 7.5% over the same period of 2019, accounting for 9% of the total export volume of home textile products.
In terms of regional markets, exports to Latin America, ASEAN and North America grew rapidly, with a growth rate of 75% - 120%.
The export growth rate of the top five provinces and cities is more than 50%
Zhejiang, Jiangsu, Shandong, Shanghai and Guangdong are the top five export provinces in China, with export growth of more than 50%. The five provinces account for 82.5% of China's total export of home textiles, and the export provinces and cities are relatively concentrated. Among other provinces and cities, the export of Tianjin, Hubei, Chongqing, Shaanxi and other provinces and cities increased rapidly, with the growth rate more than doubled.
Importers maintain optimistic sales expectations, environmental protection concept is more concerned by consumers
According to "Home Textiles Today" and other media reports, in the past 10 months, the retail enterprises of furniture, household products and home decoration products in the United States have achieved unprecedented growth. From Williams Sonoma, home depot to Lowe's, all professional home retailers have raised their forecast for the future, extending the market expectation to 2022, and saying that the shopping Carnival after the epidemic may produce a "prosperous 1920s" style consumption boom. According to the statistics of the United States Retail Federation, although affected by the supply chain, the retail sales of the United States in May decreased compared with April, it is still the second highest month since the organization's statistics.
In addition, environmental protection products are becoming more and more popular among consumers. Driven by this wave, a large-scale textile recycling project led by major retail enterprises and textile and garment suppliers in the United States was announced to enter the experimental operation stage. Funded by Wal Mart foundation and implemented by accelerating circulation Inc., the project aims to build a whole recycling system of waste textiles from collection, classification, raw material pretreatment, fiber production, spinning, weaving to product design, manufacturing, marketing and retail. The whole project will become the first large-scale textile recycling system in the United States.