Industry of Household Textiles Grew Slowly from January to July

From january to july in 2021, the household textiles industry of China kept a slow growth. 

According the State Statistics Bureau, the operating revenue of 1,845 household textile enterprises of scale from january to july increased by 16.33% compared with the same period in last year. But the growth was slower than the data of previous months. The total profit increased by 2.78%. The profit margin is 3.87%, which was 0.5% lower than last year. 

In specific, the operating revenue of 977 bedding companies of scale increased by 21.84%, the total profit increased by 25.23%. The situation of towel industry kept the same with last year. The growth of home textiles was slow down. 

The slowing down was shown from domestic market and international market.

According to the data of China Customs, the growth of bedding, carpet and textiles for kitchen was lower than the average of the whole industry. The exportation amount of bedding is USD $1.3 billion, which increased by 5.38% by year. The exportation of carpet is USD $293 million, which increased only by 0.83% by year. 

Currently, the household textile industry has a lot of challenges, such as the cost increase of raw materials and labour, appreciation of the RMB, surge of ocean freight. The exportation keeps growing but the challenges are hard to change in a short time. The future needs to be taken with caution.