Asia-Pacific: Bedspread Market 2024

Bedspread Market Size in Asia-Pacific

The Asia-Pacific bedspread market totaled $X in 2021, with an increase of 10% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Bedspread Production in Asia-Pacific

In value terms, bedspread production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight curtailment. The pace of growth was the most pronounced in 2019 when the production volume increased by 20% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bedspread Exports

Exports in Asia-Pacific

In 2021, shipments abroad of bedspreads (excluding eiderdowns) decreased by -12% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 48%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, bedspread exports dropped to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 42%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X units) and India (X units) dominates exports structure, together generating 94% of total exports. Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +3.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, India ($X), China ($X) and Pakistan ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 99% of total exports.

Among the main exporting countries, Pakistan, with a CAGR of +6.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, approximately equating the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 14%. Over the period under review, the export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Bedspread Imports

Imports in Asia-Pacific

In 2021, approx. X units of bedspreads (excluding eiderdowns) were imported in Asia-Pacific; picking up by 23% compared with the year before. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 69% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, bedspread imports soared to $X in 2021. Over the period under review, imports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 54%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

India represented the key importing country with an import of around X units, which finished at 47% of total imports. Malaysia (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Australia (6.6%) and South Korea (6.4%). The Philippines (X units), China (X units), Singapore (X units), Taiwan (Chinese) (X units), Sri Lanka (X units) and Nepal (X units) took a little share of total imports.

Imports into India increased at an average annual rate of +6.6% from 2012 to 2021. At the same time, Nepal (+32.1%), Malaysia (+19.2%), South Korea (+13.4%), Singapore (+6.4%), China (+5.7%), Sri Lanka (+4.4%) and the Philippines (+4.3%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +32.1% from 2012-2021. Australia experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-7.8%) illustrated a downward trend over the same period. Malaysia (+11 p.p.), India (+3.8 p.p.) and South Korea (+3 p.p.) significantly strengthened its position in terms of the total imports, while Australia and Taiwan (Chinese) saw its share reduced by -3.3% and -7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported bedspreads (excluding eiderdowns) in Asia-Pacific, comprising 49% of total imports. The second position in the ranking was held by South Korea ($X), with a 7.9% share of total imports. It was followed by Malaysia, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+11.3% per year) and Malaysia (+20.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 79%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sri Lanka ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+24.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform