Home Textiles: strengthening of the world exports, thanks to the driving role of the US market
In the first quarter of 2024, the US market made the largest positive contributions to global sales in the sector
Published by Marcello Antonioni. .
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World Exports of Home Textiles
World trade data for the first quarter of 2024, available in the World Trade Datamart, highlight - after five quarters of year-over-year declines in euro values - a strengthening of global sales of Home Textiles1: +11.5% q-o-q in seasonally adjusted values in euros (see the graph below); +6.1% at constant prices compared to the corresponding period 2023.
In the first quarter of the year, global sales of Home Textiles, although penalized by the declines in the markets of Germany and France, found support from the US market (+57.6 million euros compared to the corresponding period in 2023).
The US market is therefore confirmed as being by far the main destination for global sales of Home Textiles (with almost 12 billion euros in 2023)2, driving global demand for the sector.
Home Textiles imports of the American States
The import data for the United States, broken down by state and partner country, available in the Quarterly Trade of American States Datamart, allow documenting, within the US market, the most relevant geographical areas and those driving the overall demand for Home Textiles in the most recent period.
In particular, in year 2023 there was a clear record of home textile imports from California (2.5 billion euros), followed by Georgia (992 million euros), New York (932 M €), New Jersey (897 M €), Virginia (757 M €), Texas (744 M €), South Carolina (527 M €) and Washington (512 M €).
With reference to the first quarter of 2024, the major contributions to the growth of US home textile imports came - in order - from the markets of New Jersey (+52 million euros), California (+40 million €), Georgia (+21 million €), Tennessee (+18 million €) and Illinois (+17 million €).
Conclusions
The data for the first quarter of 2024 highlighted a strengthening of the international context of the Home Textiles sector.
In particular, given the weak dynamics of the traditional European markets (France and Germany above all), the US market shows the greatest absolute increases both for global sales in the sector.
The analysis of quarterly imports of the American states, which can be broken down by partner country, can allow us to document the territories of the US market that are offering positive contributions to the growth of global sales of Home Textiles.
1) See the list of products included in this analysis in the following table.
2) The United States also ranks first in the world in terms of premium-price imports of Home Textiles, with over half a billion euros in the High and Medium-High price ranges.
