India losing edge to China & Pakistan in home textile exports

15 Jun '22

2 min read

Pic: 123rf.com

While the value of India’s home textiles export has fluctuated in recent quarters and decreased in January-March 2022, exports from neighbouring Pakistan have shown a steady increase during the period. Home textile exports from China have also grown steadily except for the first quarter of 2022, when new COVID-19 outbreak was detected in that country.

In the January-March 2021 quarter, the value of India’s home textiles exports stood at $2.153 billion, which declined to $1.997 billion in April-June 2021 quarter. The value improved to $2.377 billion in July-September 2021, but it again slipped marginally to 2.333 billion in October-December 2021. The export in first quarter of this year (January-March 2022) stood at $2.189 billion, according to data from Fibre2Fashion’s market insight tool TexPro.

India’s total home textile exports fetched $8.898 billion in financial year 2021-22. Of this, the share of cotton home textile was 41.19 per cent, while that of man-made fibre home textile was 18.65 per cent, wool/animal hair home textile 7.94 per cent, and home textile made from other material 32.22 per cent.

The value of home textile exports from Pakistan saw a steady increase from $1.262 billion in first quarter 2021 to $1.309 billion in second quarter, $1.421 billion in third quarter and $1.575 billion in fourth quarter 2021, as per TexPro.

In comparison, home textile exports earned $10.941 billion for China in January-March 2021, which dipped slightly to $10.905 billion in second quarter. The value increased to $11.677 billion in third quarter and further to $12.031 billion in fourth quarter 2021. However, the export value declined to $10.062 billion in first quarter of this year, when COVID-19 related lockdowns were imposed in the country.

Fibre2Fashion News Desk (KUL)

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