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    1. Current Location: Home > Merchants > Industry prospect

      Industry prospect

      Current Situation and Prospect Forecast of China's Textile Market

      With the trend of "emphasis on decoration and light decoration" in the home furnishing industry in recent years, home textiles have been increasingly upgraded from practical to decorative, and the home textile industry has been "activated" as never before.

      The output value of the whole home textile industry reached 654 billion yuan in 2006, an increase of 20% over the previous year.

      In 2006, the export of home textile products was 18.557 billion US dollars, a year-on-year increase of 20.63%. Imports were 1.301 billion US dollars, a year-on-year increase of 2.80%.

      In the first half of 2007, the home textile industry continued to perform well, and the entire industry's production, sales, and profitability continued to maintain steady growth. The total profit of the nine industrial clusters increased by 18.55% year-on-year.

      From January to October 2008, the import volume of textile raw materials and textile products was 9,771,963,709.00, the foreign exchange amount was US$21,221,665,258.00, the export volume was 82,635,282,450.00, and the foreign exchange earning amount was US$148,811,255,267.00.

      The development prospects of the home textile industry are getting brighter. First of all, investment and public service consumption hotspots represented by residential housing, hotels, tourism and transportation, medical and health, etc. will all become factors that promote the continuous expansion of China’s textile market. The Olympic economy and Shanghai World Expo will also provide for the development of the home textile industry. A new opportunity. Secondly, the improvement of the quality of life of Chinese people continues to expand the demand for home textile products; finally, there are currently tens of millions of newly married couples in China each year, and the consumption of home textile products due to marriage will be considerable.

      In the next few years, the Chinese textile market is expected to increase a net 200-300 billion yuan market. As one of the three key development sectors of the textile industry, the home textile industry is quietly changing people's lives and the market.

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