Textile Furnishings Mills

Industry Profile Report

Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters

Industry Overview Industry Structure, How Firms Opertate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.

Call Preparation Quarterly Insight, Call Prep Questions, Industry Terms, and Weblinks.

Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.

Industry Profile Excerpts

Industry Overview

The 1,500 textile furnishings mills in the US manufacture non-apparel textile-based products, including floor coverings, window treatments, and household linens. Household linens include bedspreads, blankets, comforters, cushions, napkins, pillowcases, pillows, placemats, quilts, sheets, slipcovers, shower curtains, tablecloths, and towels. Customers include distributors and retailers. Carpet and rug mills also sell to builders, interior decorators, and designers.

The Fashion Element In Household Textiles

Fashion trends and fads have become a critical factor in driving demand for curtains, drapes and household linens.

Competition From Imports

Imports dominate the curtain, drape, and household linen categories, and account for about 81% of the US market.

Industry size & Structure

A typical carpet and rug mill employs 140 workers and generates about $45 million annually, while a typical curtain and linen mill employs about 16 workers and generates almost $8 million annually.

    • The textile furnishings mill industry includes about 1,500 companies which employ 46,400 workers and generate about $13 billion annually.
    • While the curtain and drape mill industry is fragmented, the carpet and rug and household linen mill industries are concentrated.
    • Large companies include Shaw, Mohawk, WestPoint Home (Icahn Enterprises), and Springs Global US (Springs Global Participacoes).
                            Industry Forecast
                            Textile Furnishings Mills Industry Growth
                            Source: Vertical IQ and Inforum

                            Coronavirus Update

                            Apr 22, 2022 - China’s Lockdowns to Further Snarl Global Supply Chains
                            • As of April 19, more than half of China’s largest cities were under some type of lockdown. Logistics professionals are worried that China’s zero-COVID strategy for containing the spread of the coronavirus will trigger new disruptions to global supply chains. Restrictions in China have slowed industrial production and imports. The worry is that once restrictions are lifted, a flood of pent-up goods flowing out of China will overwhelm global transportation networks.
                            • Vietnamese factories posted strong exports in the first quarter of 2021, despite high rates of COVID-19 infections. Total exports from Vietnam increased nearly 13% to more than $88 billion in Q1 2022, according to the country’s Ministry of Industry and Trade. Textile and garment exports rose more than 22% to $8.8 billion. According to Vietnamese government data, as of mid-April, Vietnam still had about 50,000 new COVID-19 cases per day, the highest in all of Southeast Asia.
                            • New single-family home sales decreased 2% month over month and fell 6.2% year over year in February 2022, according to the US Department of Commerce. Sales of previously-owned homes declined 2.7% month over month and fell 4.5% year over year in March 2022, according to the National Association of Realtors (NAR).
                            • Textile mill shipments increased 0.4% in value month over month on an adjusted basis in February 2022. Sales at furniture and home furnishings stores increased 0.67% in value month over month on an adjusted basis in March 2022, according to the US Census Bureau.
                            • Total construction spending increased 0.5% in value month over month on an adjusted basis in February 2022, according to the US Census Bureau. Total unadjusted construction spending rose 10.4% in the first two months of 2022 compared to the same period in 2021. Residential construction spending increased 1.1% month over month in February and was up 15.5% for the first two months of 2022. Nonresidential construction spending decreased 0.1% month over month but increased 5.8% in the first two months of the year compared to the same period a year earlier.
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