India' s home textile exports decline during Jan-Mar' 22

The value of India’s home textiles export declined during the January-March 2022 quarter to $2.189 billion from $2.333 billion in the October-December 2021 quarter. In FY2021-22, India’s total home textile exports fetched $8.898 billion. Of this, the share of cotton home textile was 41.19 per cent, while that of man-made fibre home textile was 18.65 per cent, wool/animal hair home textile 7.94 per cent, and home textile made from other material 32.22 per cent.

On the other hand, exports from neighboring Pakistan grew steadily during the period. The of home textile exports from Pakistan increased from $1.262 billion in first quarter 2021 to $1.309 billion in second quarter, $1.421 billion in third quarter and $1.575 billion in fourth quarter 2021, as per TexPro.

In comparison, home textile exports earned $10.941 billion for China in January-March 2021, which dipped slightly to $10.905 billion in second quarter. The value increased to $11.677 billion in third quarter and further to $12.031 billion in fourth quarter 2021. However, the export value declined to $10.062 billion in first quarter of this year, when COVID-19 related lockdowns were imposed in the country.