Australia's home textiles imports from Asia-Pacific fell in 2022

Australia’s home textiles imports from Asia-Pacific topped to $2,837.785 million in 2018. Subsequently, it fell to $2,082.851 million in the next year 2019. However, the shipment bounced back to $2,107.311 million in 2020 as consumers increased buying of home furnishing items during COVID-related lockdowns. The next year 2021 saw imports down to $1,611.137 million. The value has further fallen to $1,510.128 million in 2022, according to Fibre2Fashion’s market insight tool TexPro.

Australia’s home textiles imports from Europe were $91.169 million in 2017, which increased to $104.310 million in 2018. But it came down to $91.619 million in 2019. The inbound shipment increased to $94.512 million in 2020. It further jumped to $118.407 million in 2021. However, it decreased to $94.931 million during 2022, as per TexPro.

The import from Africa was recorded at $19.478 million in 2017, which was the highest in last six years. It eased down to $11.029 million in 2018. But the import increased to $13.865 million in 2019 and again to $14.944 million in 2020. However, the shipment slipped to $13.003 million in 2021 and $12.745 million in 2022.

ALCHEMPro News Desk (KUL)