Made ups contribute 30% in China's home textiles exports in H1 2022
From January to June 2022, the export value of China's home textiles was 20.324 billion US dollars, of which finished products were the most prominent, accounting for 6.174 billion US dollars of total home textile exports during the reporting period. The compensated share is 30.38%. However, since 2020, exports of manufactured goods have been on a downward trend due to the impact of COVID-19.
According to TexPro, Fibre2Fashion's market insight tool, bedding contributed $4.367 billion (21.49%) to China's total home textiles from January to June 2022. Exports of other major home textile products were $2.459 billion (12.10%), bathroom and kitchen $1.809 billion (8.9%), camping $1.696 billion (8.35%), flooring $1.2 billion (5.91%) and furniture $911 million (4.48%).
However, China's cosmetics exports have been on a downward trend since 2020, when global demand for home textiles saw unprecedented growth. Sales of home textiles have soared in 2020 as consumers are stuck at home due to COVID-19. Cosmetics exports fell from $33.340 billion in the same period of 2020 to $7.706 billion in January-June 2021 and $6.174 billion in January-June 2022.
However, according to TexPro data, there is a contradictory trend in exports of bedding, which fell to $2.627 billion in January-June 2020, but recovered to $4.318 billion in the first half of 2021 and $4.318 billion in 2022. $4.367 billion.
China's home textile exports surged from $32.578 billion in 2019 to $78.624 billion in 2020. But it will drop to $45.555 billion in 2021. In the first eight months of this year, China exported $27.703 billion in home textiles.
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