Australia: Blanket Market 2024

Blanket Market Size in Australia

After six years of growth, the Australian blanket market decreased by -1% to $X in 2022. Overall, consumption enjoyed a strong increase. As a result, consumption attained the peak level of $X, leveling off in the following year.

Blanket Production in Australia

In value terms, blanket production contracted significantly to $X in 2022 estimated in export price. Overall, production recorded a abrupt decrease. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Blanket Exports

Exports from Australia

In 2022, blanket exports from Australia contracted rapidly to X tons, reducing by -70.1% compared with 2021. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 175%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, blanket exports shrank dramatically to $X in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 132%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for blanket exports from Australia, accounting for a 91% share of total exports. Moreover, blanket exports to New Zealand exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 27% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+28.7% per year) and Hong Kong SAR (+19.1% per year).

In value terms, the largest markets for blanket exported from Australia were China ($X), New Zealand ($X) and Hong Kong SAR ($X).

China, with a CAGR of +27.1%, 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.

Export Prices by Country

The average blanket export price stood at $X per ton in 2022, surging by 42% against the previous year. Overall, the export price, however, continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 114%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Australia

Blanket imports into Australia skyrocketed to X tons in 2022, increasing by 17% compared with 2021. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +89.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 53%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, blanket imports reduced to $X in 2022. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 58%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

In 2022, China (X tons) was the main blanket supplier to Australia, with a 105% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+10.6% per year) and Pakistan (+7.5% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Australia, comprising 88% of total imports. The second position in the ranking was held by India ($X), with an 8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.2% per year) and Pakistan (+21.1% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, falling by -19.4% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 50%. As a result, import price reached the peak level of $X per ton, and then contracted sharply in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :