|
|
Additional Information
The household textiles market, comprising key sectors bed linen, filled products, bathroom textiles and table linen & kitchen towelling, is mature and relies largely on replacement purchases. In 2010, these sectors are forecast to be worth over £1.2 billion, after experiencing estimated annual falls of around 3% per annum in 2008 and 2009 as a result of the downturn in the housing market and significant drop in consumer spending. Growth to 2007 was moderate, but reasonably consistent, reflecting the maturity of most products sectors and buoyed by the relatively strong housing market and high levels of household spending. The DIY and home décor sectors also showed healthy activity during this period. Trading conditions began to decline in 2008, reflecting the decline in the wider global and UK economies, a volatile housing market, and rising demands and insecurities in terms of household income. Market value has also been affected by rising competition, particularly as a result of the major grocery multiples developing their operations in the non-food household goods market, offering household textile ranges at significantly lower price points. This factor, combined with heavy discounting by retailers trying to boost volume sales in a declining market, has also affected market value.Bed linen currently accounts for around 42% (in value terms, MSP) of the total household textiles market, filled products for 33%, bathroom textiles for 21% and table linen and kitchen towelling for 4%. The relative stability of the product mix reflects the overall maturity of the market, as well as the effects of the downturn, which have affected all product sectors.
International trade in household textiles accounts for a significant part of the UK market. In 2009, imports totalled £829 million and exports £118 million, leaving a significant negative trade balance of £711 million.
Prices, which have been falling throughout the course of the downturn as suppliers competed for sales, are likely to rise as a result of the increase in cotton and other raw material costs, and with margins already very low it seems likely that cost increases will inevitably be passed on to consumers, which may also dampen sales. Sales will also be affected by the rise in VAT, scheduled for the start of 2011.
In terms of supply, imports are likely to continue to gain share, though Sterling’s decline over the last 2 years has helped protect UK manufacturers to some extent. Distribution of household textiles will also remain fragmented, with Internet-based retailers gaining share at the expense of traditional outlets. Growth is expected to be relatively flat in 2010, continuing at a modest 1 to 2% per annum to 2014, when the market is forecast to be worth an estimated £1.29 billion.
More General Textiles reports by AMA Research
Household Textiles Market - UK 2008-2012 by AMA Research
October 2008 sees publication of the Ninth edition of the report “Household Textiles Market - UK 2008-2012”. The report provides a comprehensive review of household ...
Wall Coverings Market UK 2007 by AMA Research
See all reports like this >>AMA Research has published the Seventh Edition of the “Wall Coverings Market - UK 2007” report. Incorporating original research, the report is a comprehensive and ...
More United Kingdom General Textiles reports
Yarn Supplies (UK) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s UK Yarn Supplies Analysis provides a detailed overview of the UK Yarn Supplies market and delivers a comprehensive individual analysis on the top ...
Wool Merchants (UK) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s UK Wool Merchants Analysis provides a detailed overview of the UK Wool Merchants market and delivers a comprehensive individual analysis on the top ...
Outdoor Canopies (UK) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s UK Outdoor Canopies Analysis provides a detailed overview of the UK Outdoor Canopies market and delivers a comprehensive individual analysis on the top ...
Textile Recycling & Rag Merchants (UK) - Industry Report by Plimsoll Publishing Ltd.
See all reports like this >>Plimsoll Publishing’s UK Textile Recycling & Rag Merchants Analysis provides a detailed overview of the UK Textile Recycling & Rag Merchants market and delivers a ...
More United Kingdom reports
Painters & Decorators - Scotland (UK) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s UK Painters & Decorators - Scotland Analysis provides a detailed overview of the UK Painters & Decorators - Scotland market and delivers a ...
D&B Country RiskLine Report: The United Kingdom by Dun & Bradstreet Inc.
This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business in this country. It includes ...
D&B Country Report: The United Kingdom by Dun & Bradstreet Inc.
D&B Country Report. Comprehensive information for evaluating risks and opportunities when trading or investing in this country. Providing critical information and analysis on ...
United Kingdom: Country Profile by MarketLine
See all reports like this >>INTRODUCTIONThis report provides a detailed analysis of the United Kingdom, providing an overview of its political, economic and business environment, represented both textually and in ...
Research assistance
We can help you find what you need. Call us or write us: Need help in your search?
US: 800.298.5699
Int'l: +1.240.747.3093
Related Markets
General Textiles Reports
