Is the prospect of home furnishing textiles industry good?
The outlook of the home furnishing textiles industry is generally good. Since 2024, with the continuous release of macro policy effects and the gradual recovery of domestic and foreign market demand, the home furnishing textiles industry has been running steadily and improving, and the industry as a whole has achieved a steady recovery 12.
The specific performance is as follows:
domestic market steady progress : With the support of the national policy to promote consumption, people's income and consumer confidence gradually stabilized, and the domestic market of home furnishing textiles was generally stable and improving. The domestic sales output value of home furnishing textiles enterprises above designated size increased by 3.54% year-on-year, of which the domestic sales output value of textile enterprises increased by 10.92% year-on-year 23.
export growth : with the improvement of the global economy and the promotion of China's stable foreign trade policy, home furnishing textiles exports show a rebound trend. From January to May 2024, the export of home furnishing textiless was 18.637 billion US dollars, an increase of 3.11%1.
sub-industries performed differently : The three sub-industries of bedding, fabric and towels all maintained a positive growth trend, of which the cloth industry had a better growth rate 12.
The prospect of home furnishing textiles industry:
market scale continues to expand : the market scale of China's home furnishing textiles industry continues to expand, is expected to continue to maintain a steady growth trend in the next few years 4.
change of consumer trend : with the improvement of residents' living standards and the change of consumption concept, home furnishing textiles products are developing in the direction of health, environmental protection and intelligence to meet consumers' needs for high quality of life 4.
The rise of new retail model : new retail models such as online group buying can guarantee the benefits of home furnishing textiles enterprises and adapt to the changes of consumers' shopping habits 2.
