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2021 Fabric increases rapidly

2021 Fabric increases rapidly

by:Jerry Zhuang 1019 browse Time required for reading:two minutes

According to statistics, sales of home improvement and enhancement products in the United States increased 23 percent in the first 11 months of 2020.Sales of home textiles rose 13 per cent, boosted by rising demand for them in the US.

Big Lots, the North American retailer chain, posted impressive sales growth in the second quarter, particularly with its home textiles up nearly 50 per cent year on year.Athome, another large North American home textile retailer, reported sales of $515 million in the second quarter of 2020, up 50.5%.Net profit for the quarter was $89.4 million, an exaggerated increase of 760 per cent and well ahead of net profit for the same period last year.


not only is the home textile foreign trade market a hot, home textile domestic trade market also frequently sent force.In 2019, the market size of China's home textile industry grew to 250.2 billion yuan, with a compound annual growth rate of 7.11% from 2016 to 2019.In 2020, China's home textile market size is 270.7 billion yuan, an increase of 8.19% relative to 2019.The domestic epidemic at the beginning of 2020 did not have too much negative impact on home textile products, on the contrary, the growth rate of the home textile market in 2020 is far ahead of several years.

With the improvement of people's income level, people's demand for the quality of life is getting higher and higher. Home textiles have gradually become an important means for people to improve the quality of life and beautify the furniture environment from a single life necessity.The scale of home textile market will grow faster and faster. According to the forecast, the scale of home textile industry will reach 293.7 billion yuan in 2021, with a growth rate of 8.5%. After the year, the domestic home textile market has begun to be bustling.


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