Blanket Price in Italy Falls Modestly to $71.0 per Unit

Italy Blanket Export Price in February 2023

In February 2023, the blanket price stood at $71.0 per unit (FOB, Italy), falling by -13.4% against the previous month. In general, the export price, however, saw slight growth. The growth pace was the most rapid in June 2022 when the average export price increased by 57% month-to-month. As a result, the export price attained the peak level of $117K per thousand units. From July 2022 to February 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($191 per unit), while the average price for exports to Malta ($11.0 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Italy Blanket Export Prices by Type

There were significant differences in the average prices for the major types of exported product. In February 2023, the product with the highest price was blankets and travelling rugs of wool ($113 per unit), while the average price for exports of blankets and travelling rugs of synthetic fibres ($18.5 per unit) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for the following types: travelling wool rug (+2.2%), while the prices for the other products experienced more modest paces of growth.

Italy Blanket Exports

In February 2023, shipments abroad of blankets and traveling rugs (except electric blankets) was finally on the rise to reach 60K units for the first time since November 2022, thus ending a two-month declining trend. In general, exports, however, saw a slight decline. The growth pace was the most rapid in September 2022 with an increase of 116% month-to-month. Over the period under review, the exports reached the maximum at 161K units in November 2022; however, from December 2022 to February 2023, the exports stood at a somewhat lower figure.

In value terms, blanket exports reduced to $4.3M (IndexBox estimates) in February 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in September 2022 when exports increased by 63% month-to-month. The exports peaked at 7.1M units in November 2022; however, from December 2022 to February 2023, the exports remained at a lower figure.

Italy Blanket Exports by Type

Blankets and travelling rugs of wool (26K units), blankets and travelling rugs of synthetic fibres (24K units) and blankets and travelling rugs; n.e.s. in heading no. 6301 (9.9K units) were the main products of blanket exports from Italy.

From February 2022 to February 2023, the biggest increases were in travelling rugs of synthetic fibre (with a CAGR of +1.1%), while shipments for the other products experienced a decline.

In value terms, blankets and travelling rugs of wool ($2.9M) remains the largest type of blanket exported from Italy, comprising 68% of total exports. The second position in the ranking was held by blankets (other than electric blankets) and travelling rugs; of cotton ($642K), with a 15% share of total exports. It was followed by blankets and travelling rugs of synthetic fibres, with an 11% share.

From February 2022 to February 2023, the average monthly growth rate of the export volume of blankets and travelling rugs of wool was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: blankets (other than electric blankets) and travelling rugs; of cotton (+0.4% per month) and blankets and travelling rugs of synthetic fibres (+1.6% per month).

Italy Blanket Exports by Country

Germany (22K units) was the main destination for blanket exports from Italy, with a 37% share of total exports. Moreover, blanket exports to Germany exceeded the volume sent to the second major destination, France (8.8K units), threefold. The third position in this ranking was taken by the United States (3.4K units), with a 5.7% share.

From February 2022 to February 2023, the average monthly growth rate of volume to Germany amounted to +1.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (+3.5% per month) and the United States (-11.1% per month).

In value terms, the largest markets for blanket exported from Italy were France ($1.4M), Germany ($682K) and the United States ($650K), with a combined 63% share of total exports. Switzerland, the UK, the Netherlands, the Czech Republic, Poland, Croatia, Kazakhstan, Slovenia, Hungary and Malta lagged somewhat behind, together accounting for a further 15%.

Hungary, with a CAGR of +7.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform