ASEAN: Blanket Market 2025

Blanket Market Size in ASEAN

The ASEAN blanket market was estimated at $X in 2022, growing by 7.1% against the previous year. The total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +15.9% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Blanket Production in ASEAN

In value terms, blanket production contracted to $X in 2022 estimated in export price. The total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.9% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 46%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Blanket Exports

Exports in ASEAN

In 2022, after three years of growth, there was significant decline in overseas shipments of blankets and traveling rugs (except electric blankets), when their volume decreased by -23.4% to X tons. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 70%. As a result, the exports reached the peak of X tons, and then declined significantly in the following year.

In value terms, blanket exports dropped rapidly to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +68.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 53%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

Vietnam represented the main exporting country with an export of around X tons, which recorded 52% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 29% share, followed by Cambodia (14%). The following exporters - Indonesia (X tons) and Malaysia (X tons) - together made up 4.6% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +21.5%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest blanket supplier in ASEAN, comprising 58% of total exports. The second position in the ranking was held by Cambodia ($X), with an 18% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled +24.6%. In the other countries, the average annual rates were as follows: Cambodia (+13.2% per year) and Thailand (-6.1% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, picking up by 5.6% against the previous year. Overall, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2018 an increase of 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.6%), while the other leaders experienced more modest paces of growth.

Blanket Imports

Imports in ASEAN

In 2022, purchases abroad of blankets and traveling rugs (except electric blankets) increased by 23% to X tons, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 85%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, blanket imports surged to $X in 2022. Over the period under review, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 with an increase of 87%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented roughly 55% of total imports in 2022. Myanmar (X tons) held the next position in the ranking, followed by the Philippines (X tons), Vietnam (X tons), Malaysia (X tons) and Singapore (X tons). All these countries together took approx. 41% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +35.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Vietnam ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 53% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +49.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price showed a noticeable decrease. The pace of growth was the most pronounced in 2018 when the import price increased by 27% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+28.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform