Snagged: A turn stich returns revenue to growth, but wholesale bypass hems in industry development
Textile product wholesalers connect domestic and foreign textile manufacturers with retailers and other organisations that use or sell textile products. That's why trends in downstream and upstream sectors have a pivotal impact on industry revenue. For example, the COVID-19 pandemic induced a short-term boom in home-related products, like textiles, at the retail level. Consumers spent more time at home and enjoyed higher disposable incomes through social assistance packages, prompting them to spend more on home textile products. Yet, declines in clothing and apparel manufacturing activity have diverted demand from a significant buying market, knocking back the progress of the retail sector. Industry revenue is expected to fall at an annualised 0.7% the over the five years through 2022-23 to $2.9 billion, when revenue is anticipated to dip 3.6%.
Industry wholesalers sell and redistribute textiles or textile products like bed linen, blankets, towels, yarns, fabrics, tents and other textile and canvas goods.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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Methodology
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