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European home textile imports down 17.4% to $33.3 bn in 2022

The Russia-Ukraine war resulted in increased crude oil prices, driving inflation globally, particularly in the US and Europe. The war significantly impacted Europe, leading major brands to reduce their purchases due to decreased retail sales. Consumers have less disposable income for discretionary products like clothing, home textiles, and fashion items. The surge in demand for home textiles during the pandemic also contributed to the subsequent slowdown in the following years. 

According to Fibre2Fashion&#**;s market insight tool TexPro, European home textile imports nearly doubled to $**.*** billion in **** from $**.*** billion in **** but decreased to $**.*** billion in ****. The import value further declined to $**.* billion in ****, reaching levels similar to pre-pandemic times.