Indian
home textiles export decreased 12.56 per cent to $5,021.59 million in 2020 (January to October) compared to the export of $5,743.26 million in the same period in 2019. This was due to sudden export decline in home textiles during the outbreak of Covid-19 which affected the textiles value chain, specifically from March 2020 to May 2020.
US, Germany, UK, UAE and Australia achieved the top positions as an export destination for home textiles from India in 2019 as well as in 2020. Also, US and EU contributed for approximately 75.00 per cent of the total home textiles export from India.
Most of the states in the EU such as Germany, UK, France, Italy, Spain, Poland, Belgium and Sweden, and US were put under lockdown in the month of March and April 2020 along with shutting down of home textiles stores for 3 to 4 months.
The Karur Textiles Manufacturer Exporters Association also reported that approximately 70 manufacturing units remained closed in the period after lockdown with poor workforce.
Fibre2Fashion News Desk (JL)
Indian home textiles export decreased 12.56 per cent to $5,021.59 million in 2020 (January to October) compared to the export of $5,743.26 million in the same period in 2019. This was due to sudden export decline in home textiles during the outbreak of Covid-19 which affected the textiles value chain, specifically from March 2020 to May 2020.