Report Update Nov 1, 2024

Azerbaijan - Blankets and Traveling Rugs (Except Electric Blankets) - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Blanket Market 2024

Blanket Market Size in Azerbaijan

After two years of growth, the Azerbaijani blanket market decreased by -35.5% to $X in 2022. Overall, consumption, however, posted a significant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then plummeted in the following year.

Blanket Production in Azerbaijan

In value terms, blanket production totaled $X in 2022 estimated in export price. Overall, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 14% against the previous year. Blanket production peaked at $X in 2020; afterwards, it flattened through to 2022.

Blanket Exports

Exports from Azerbaijan

Blanket exports from Azerbaijan reduced remarkably to X kg in 2022, which is down by -46.3% compared with 2021 figures. Overall, exports showed a abrupt shrinkage. The growth pace was the most rapid in 2014 when exports increased by 2,240% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, blanket exports shrank rapidly to $X in 2022. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2014 when exports increased by 2,493%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X kg) was the main destination for blanket exports from Azerbaijan, accounting for a approx. 249% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to -26.3%.

In value terms, Georgia ($X) also remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Azerbaijan.

From 2012 to 2022, the average annual rate of growth in terms of value to Georgia amounted to -23.2%.

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, dropping by -79.4% against the previous year. In general, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2020 an increase of 90% against the previous year. The export price peaked at $X per ton in 2021, and then declined markedly in the following year.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +4.2% per year.

Blanket Imports

Imports into Azerbaijan

In 2022, overseas purchases of blankets and traveling rugs (except electric blankets) decreased by -33.7% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,188%. Imports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, blanket imports reduced markedly to $X in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 1,017%. Imports peaked at $X in 2021, and then contracted sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of blanket to Azerbaijan, with a 69% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Iran (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +70.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+33.5% per year) and Iran (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Azerbaijan, comprising 66% of total imports. The second position in the ranking was taken by Turkey ($X), with a 26% share of total imports. It was followed by Iran, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +74.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+40.5% per year) and Iran (+26.6% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, with a decrease of -9.3% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the average import price increased by 76% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for blankets and traveling rugs (except electric blankets) in the world?

The countries with the highest volumes of blanket consumption in 2020 were the United States, China and India, with a combined 43% share of global consumption.

What are the largest producers of blankets and traveling rugs (except electric blankets) in the world?

China remains the largest blanket producing country worldwide, accounting for 62% of total volume. Moreover, blanket production in China exceeded the figures recorded by the second-largest producer, India, tenfold. Turkey ranked third in terms of total production with a 1.8% share.

What are the leading suppliers of blankets and traveling rugs (except electric blankets) to Azerbaijan?

In value terms, the largest blanket suppliers to Azerbaijan were China, Turkey and Iran, together comprising 88% of total imports. These countries were followed by Pakistan, which accounted for a further 5.7%.

What are the leading importers of blankets and traveling rugs (except electric blankets) from Azerbaijan?

In value terms, Georgia $401), Italy $400) and Russia $175) appeared to be the largest markets for blanket exported from Azerbaijan worldwide, together comprising 93% of total exports.

What is the average export price for blankets and traveling rugs (except electric blankets) in Azerbaijan?

In 2020, the average blanket export price amounted to $5 per unit, falling by -24.5% against the previous year.

What is the average import price for blankets and traveling rugs (except electric blankets) in Azerbaijan?

In 2020, the average blanket import price amounted to $3.1 per unit, which is down by -8.5% against the previous year.

This report provides an in-depth analysis of the blanket market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13921130 - Blankets and travelling rugs of wool or fine animal hair (excluding electric blankets)
Prodcom 13921150 - Blankets and travelling rugs of synthetic fibres (excluding electric blankets)
Prodcom 13921190 - Blankets (excluding electric blankets) and travelling rugs of textile materials (excluding of wool or fine animal hair, of synthetic fibres)

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023