Textile market overview: India, China, and Thailand

The textile industry is highly competitive, particularly in Asia. Now, let’s take a look at the market insights provided by the most exciting players in the market: India, China, and Thailand.

 

The Indian home textiles market is booming, attracting foreign brands to enter on their own or through joint ventures. This is due to the growing affluence of Indian consumers, who demand luxurious home textile fabrics. Rising income levels, population growth, organized retail, and end-use sectors such as housing, hospitality, and healthcare are driving growth in home textiles in India. India imports nearly 7% of the world’s home textiles. India is also a major supplier to the United States, the world’s largest consumer of home textiles. Improved quality, R&D programs, and other value-added features have aided India’s home textile products is gaining international traction. Quality distinguishes Indian companies in the United States and the United Kingdom, where it accounts for two-thirds of their exports. Delhi, India, is a major textile production and export hub. Traditional craftsmanship is being used effectively to create value-added home textile items.

 

All economic activity was halted by the COVID-19, with the exception of essential goods and services. The home textile industry did not fare any better. The industry was shut down for about 2-3 months. The pandemic’s disruption of logistics and trade caused the entire value chain to freeze. India’s net trade in April and May 2020 was roughly 50% lower than the previous year. Because of market uncertainty, international and domestic buyers canceled or suspended orders, exacerbating the industry’s woes.

 

While in China, the country’s massive population and rising per capita textile and clothing consumption present a lucrative global business opportunity. As the country’s population grows, so do the opportunities for home textile manufacturers in the market. In addition, Chinese customers are becoming more concerned with quality and design. 

 

Guangdong, Shanghai, Nantong (Jiangsu), Zhejiang, and Shandong are China’s industrial clusters. Key players are collaborating with technology firms to enter the smart home market. With roughly 45 percent of the market, the Asia-Pacific region remains the largest producer and consumer of home textiles. China is also the largest producer and consumer of home textiles in the region.

 

The COVID-19 outbreak resulted in widespread production cuts and shutdowns in China’s home textile industry. However, to overcome these obstacles, industries across the country have actively resumed work and production since the second half of 2020.

 

The ongoing COVID-19 pandemic has impacted Thailand’s textile and Fabrics industry, resulting in a revenue drop in 2020. The textile industry lost over TBH 150 billion, and half of the textile and related companies closed, resulting in even more job losses. The Bank of Thailand reduced its 2021 economic growth forecast from 3.6 percent to 3.2 percent due to a second wave of the virus in Thailand in December 2020 and a prolonged outbreak of COVID-19 elsewhere.

 

Over 2,000 garment and textile companies operating in Thailand, the majority of which are concentrated in Bangkok and eastern Thailand. The textile and apparel industry makes a significant contribution to the country’s GDP and exports. The country has a high level of proficiency in the production, design, and sale of home textiles. It is a world-famous silk producer that also makes yarn. It also excels in eco-friendly finishing, dyeing, and printing services that meet global standards despite some issues.

 

Thailand has prioritized textile exports to the United States, Japan, the United Kingdom, Russia, and China. Globally, the textile and garment industries are expanding, and the government wants to assist by providing export credits and developing vocational training. The textile industry has collaborated with the private sector to boost innovation and modernize processes such as weaving, finishing, printing, knitting, and dying. In the textile and apparel industry, the emphasis is on upgrading technology, improving worker skills, and improving business competence—Thailand Fabrics exports bedding, curtains, bathroom textiles, and carpets to countries worldwide. Hand-woven processes ensure premium quality, which is widely recognized globally, assisting the market in generating more revenue during the forecast period. Furthermore, Thailand has an exciting clothing fabric industry because the materials used are premium grade and high quality. The manufacturing processes, weaving technology, and finishing processes adhere to international standards, giving Thailand a competitive advantage over India and China. 

So, if you’re looking for a textile business partner in Thailand, a textile company, or supplier that has been in the industry for a long time and you’re not sure where to begin, we recommend that you start with D’Finest Fabric. With a single focus on quality for over 80 years, the company has supplied shirting, uniform fabrics, as the leading manufacturer, supplier and exporter in Thailand. As new shirting fabric production technologies and advancements have emerged, D’Finest Fabric has adapted and evolved to improve hand feels and wear while avoiding pilling, shrinkage, and fading. OEKO-TEX standard 100, BCI, Bureau Veritas standard SA8000, and others are among the standards that accredited mills around the world use. Fabrics include Oxford, TC, and tailor.

 

D’Finest Fabric also stocks raw woven fabric in various weights, compositions, and weaves. To achieve OEKO-Tex and BCI certifications, this store uses a quality-control yarn dyeing process. Produce precisely using a Toyota air-jet loom. Preserves dye absorption, tear strength, and shrinkage resistance in cotton. Next, safronize the cotton before cutting and weaving to stretch and fix the woven cloth. Finish with an OEKO-Tex standard liquid ammonia elastomer to minimize shrinkage after washing. Every step ensures you get the best woven cotton fabrics from D’Finest Fabric.