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 Fibre2Fashion’s market insight tool 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, as per TexPro.
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.
Fibre2Fashion News Desk (KUL)