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India Sourcing Report: Home Furnishings & Textiles
Global Sources, January 2012, Pages: 86
In this report
- 15 in-depth company profiles
- 8 short company profiles
- 147 top-selling export products
- Supplier demographics
- Supplier survey
- Industry statistics and charts
Efforts aimed at improving supplier capability are propelling the home furnishings and textiles industry in India. Companies are increasingly adopting new manufacturing and marketing-related strategies seen to ensure brisk sales.
As a result of these undertakings, latest export statistics reveal that shipments have risen considerably. This development reverses the downward trend that had marked the sector's performance since the onset of the global economic crisis.
A number of competitive advantages are expected to sustain the industry's growth. The most important of these is India's status as one of the world's leading sources of natural and synthetic fabrics utilized for home textiles. Materials for furnishings and accents are also widely available in the country, minimizing the need to import such inputs.
Key Findings
1. Due to the sovereign debt crisis facing several key markets in the EU, many suppliers are broadening their reach to alternative overseas destinations. These regions, which have comparatively positive financial outlook than major economies in the West, include the Asia-Pacific, the Middle East and South America.
2. Despite the shift to new destinations, the EU and the US are forecast to remain as the leading foreign markets in the year ahead. The latest export data indicate that both account for the bulk of outbound shipments, taking up nearly 60 percent of India-made home furnishings and textiles.
3. Product prices are generally expected to increase over the next six months. The majority of suppliers featured in this report plan to raise quotes because of increasing raw material expenditure. High electricity costs brought about by frequent power interruptions are also putting a dent on profits.
4. Manufacturers emphasize the midrange and high end, although most are capable of crafting items for all price segments. The type of materials used, complexity of design and product size are the major price determinants.
5. Among interviewed companies, home textiles is the largest line as it accounts for more than 80 percent of foreign revenue. The range includes rugs, curtains and throws.
6. Most companies operate out of cities and states located in India's northern section. These places provide quick access to most raw materials and have stable availability of manpower.
INDUSTRY OVERVIEW
Supplier summary
Export statistics
Supplier survey
Export prices
Export sales
Export markets
Major challenges
R&D focus
Products & prices
Production & export statistics
Price guides
SUPPLIER PROFILES
Supplier matrix
Raw materials & exports
Supplier profiles
PRODUCT GALLERY
Top-selling export products
CONTACT DETAILS
Efforts aimed at improving supplier capability are propelling the home furnishings and textiles industry in India. Companies are increasingly adopting new manufacturing and marketing related strategies seen to ensure brisk sales.
As a result of these undertakings, latest export statistics reveal that shipments have risen considerably. This development reverses the downward trend that had marked the sector's performance since the onset of the global economic crisis.
A number of competitive advantages are expected to sustain the industry's growth. The most important of these is India's status as one of the world's leading sources of natural and synthetic fabrics utilized for home textiles. Materials for furnishings and accents are also widely available in the country, minimizing the need to import such inputs.
Key Findings
1. Due to the sovereign debt crisis facing several key markets in the EU, many suppliers are broadening their reach to alternative overseas destinations. These regions, which have comparatively positive financial outlook than major economies in the West, include the Asia-Pacific, the Middle East and South America.
2. Despite the shift to new destinations, the EU and the US are forecast to remain as the leading foreign markets in the year ahead. The latest export data indicate that both account for the bulk of outbound shipments, taking up nearly 60 percent of India-made home furnishings and textiles.
3. Product prices are generally expected to increase over the next six months. The majority of suppliers featured in this report plan to raise quotes because of increasing raw material expenditure. High electricity costs brought about by frequent power interruptions are also putting a dent on profits.
4. Manufacturers emphasize the midrange and high end, although most are capable of crafting items for all price segments. The type of materials used, complexity of design and product size are the major price determinants.
5. Among interviewed companies, home textiles is the largest line as it accounts for more than 80 percent of foreign revenue. The range includes rugs, curtains and throws.
6. Most companies operate out of cities and states located in India's northern section. These places provide quick access to most raw materials and have stable availability of manpower.
This India Sourcing Report is part of a series designed to provide buyers with information on new products from export manufacturers in supply markets that specialize in handmade merchandise.
The Developing Country Sourcing Report series is part of Global Sources' corporate social responsibility initiatives. It is offered in conjunction with The Kearny Alliance, whose mission is Aid through Trade. The objective is to help create jobs in developing Asia through export promotion.
To produce this report, large, midsize and emerging manufacturers, all with substantial export experience, were surveyed. The selection of suppliers is designed to reflect the composition of the industry in India in terms of geographic location, materials used and range of products offered.
For in-depth profiles, our researchers visited the facilities of each company and interviewed senior executives who discussed their recent performance and provided forecasts for the next 12 months. All other makers in this report were either visited or contacted by phone.
In each case, companies were required to answer specific questions designed to verify their manufacturing and export credentials, including a breakdown of exports by product type and market. Suppliers also participated in a survey designed to provide insight into the industry.
This report covers different types of home furnishings and textiles available in India, including carpets, curtains, rugs, blankets, candles and lamps. They are classified under product categories, each of which has its own price guide that describes features of low-end, midrange and high-end models.
The Industry Overview section discusses key issues affecting export manufacturers. It provides insight on the composition of the industry and elaborates on the important supply centers within India.
The Products & Prices section details the features and price ranges of home furnishings and textiles. It also examines the design and manufacturing processes, main materials used, and sourcing centers where components are procured.
This India Sourcing Report is part of a series designed to provide buyers with information on new products from export manufacturers in supply markets that specialize in handmade merchandise.
The Developing Country Sourcing Report series is part of Global Sources' corporate social responsibility initiatives. It is offered in conjunction with The Kearny Alliance, whose mission is Aid through Trade. The objective is to help create jobs in developing Asia through export promotion.
To produce this report, large, midsize and emerging manufacturers, all with substantial export experience, were surveyed. The selection of suppliers is designed to reflect the composition of the industry in India in terms of geographic location, materials used and range of products offered.
For in-depth profiles, our researchers visited the facilities of each company and interviewed senior executives who discussed their recent performance and provided forecasts for the next 12 months.
All other makers in this report were either visited or contacted by phone. In each case, companies were required to answer specific questions designed to verify their manufacturing and export credentials, including a breakdown of exports by product type and market. Suppliers also participated in a survey designed to provide insight into the industry.
This report covers different types of home furnishings and textiles available in India, including carpets, curtains, rugs, blankets, candles and lamps. They are classified under product categories, each of which has its own price guide that describes features of low-end, midrange and high-end models.
The Industry Overview section discusses key issues affecting export manufacturers. It provides insight on the composition of the industry and elaborates on the important supply centers within India.
The Products & Prices section details the features and price ranges of home furnishings and textiles. It also examines the design and manufacturing processes, main materials used, and sourcing centers where components are procured.
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