Steady decline in India's apparel & home textiles imports from China

12 Jul '22

2 min read

Pic: 123rf.com

There is a steady decline in the value of apparel and home textiles that India imports from China. The downtrend is clearly visible for the five-month period from December 2021 to April 2022. Actually, the declining trend has set in much earlier as last year both apparel and home textiles imports from China were the lowest since 2017.

According to Fibre2Fashion’s market insight tool TexPro, India’s apparel imports from China stood at $17.441 million in April 2022, compared to $19.835 million in March, $23.274 million in February, $27.577 million in January 2022 and $27.970 million in December 2021.

In 2021, India imported apparel worth $279.094 million from China. The comparative figure was $301.772 million in 2020, $330.935 million in 2019, $316.116 million in 2018 and $271.877 million in 2017, as per TexPro.

India’s home textiles imports from China were valued at $8.600 million in April 2022, compared to $9.229 million in March, $16.089 million in February, $17.020 million in January 2022 and $20.153 million in December 2021, data from TexPro showed.

In 2021, India imported home textiles of $192.267 million from China. In comparison, the figure was $238.379 million in 2020, $208.269 million in 2019, $223.338 million in 2018 and $190.203 million in 2017, as per the data.

Even in India’s overall imports, China’s share has declined to 15.4 per cent in April 2021- March 2022 from 16.5 per cent in 2020-21.

Fibre2Fashion News Desk (KUL)

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