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Trade of home linen increases by 35.79%

16
Jan '20
Pic: Shutterstock
Pic: Shutterstock
In recent years, home linen trade has been moving up with high growth rate. Total trade increased by 35.79 per cent from 2013 to 2018, according to data from TexPro. The global trade of home linen was $46,432.68 million in 2016, which increased to $49,044.55 million in 2018. The total trade of home linen has risen by 4.22 per cent in 2018 over previous year.

Further, it is anticipated that the total trade will reach $53,255.84 million in 2021 with a CAGR of 2.78 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

The global export of home linen was $27,701.06 million in 2016, which increased by 4.54 per cent to $28,960.05 million in 2018. Total exports moved up by 4.71 per cent in 2018 over the previous year and is expected to reach $30,956.62 million in 2021 with a CAGR of 2.24 per cent from 2018.

The global import of home linen was $18,731.62 million in 2016, which increased by 7.22 per cent to $20,084.50 million in 2018. Total exports moved up by 3.52 per cent in 2018 over the previous year and is expected to reach $22,299.21 million in 2021 with a CAGR of 3.55 per cent from 2018.

China ($16,974.44 million), Pakistan ($3,236.00 million) and India ($1,582.96 million) were the key exporters of home linen across the globe in 2018, together comprising 75.25 per cent of total export. These were followed by Turkey ($1,195.13 million), Germany ($708.15 million) and Spain ($640.21 million).

From 2013 to 2018, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by China (78.46 per cent) and India (32.61 per cent).

US ($5,728.09 million), UK ($1,959.56 million), Germany ($1,580.29 million), Japan ($1,119.09 million) and France ($1,097.98 million) were the key importers of home linen across the globe in 2018, together comprising 57.18 per cent of total import. These were followed by Italy ($1,038.49 million), Spain ($949.31 million), Netherlands ($583.83 million) and Poland ($580.26 million).

From 2013 to 2018, the most notable rate of growth in terms of import value, amongst the main importing countries, was attained by UK (101.38 per cent) and US (10.40 per cent).

Fibre2Fashion News Desk (JL)


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