Bangladesh: Blanket Market 2025

Blanket Market Size in Bangladesh

The Bangladeshi blanket market expanded modestly to $X in 2022, with an increase of 2.3% against the previous year. Over the period under review, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.2% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Blanket Production in Bangladesh

In value terms, blanket production expanded slightly to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 142%. Blanket production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Blanket Exports

Exports from Bangladesh

In 2022, approx. X tons of blankets and traveling rugs (except electric blankets) were exported from Bangladesh; waning by -24.6% compared with 2021 figures. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 407% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined markedly in the following year.

In value terms, blanket exports plummeted to $X in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 355% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then fell markedly in the following year.

Exports by Country

Canada (X tons), the United States (X tons) and Germany (X tons) were the main destinations of blanket exports from Bangladesh, with a combined 70% share of total exports. The UK, Spain, Poland, Australia, Sweden, Singapore, France, the Netherlands and Italy lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +65.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blanket exported from Bangladesh were the United States ($X), Canada ($X) and Germany ($X), with a combined 36% share of total exports. Poland, the UK, Sweden, Spain, Australia, France, Italy, Singapore and the Netherlands lagged somewhat behind, together comprising a further 30%.

In terms of the main countries of destination, Australia, with a CAGR of +44.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, surging by 4.1% against the previous year. In general, the export price showed slight growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 370%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Netherlands ($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 Vietnam (+22.3%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Bangladesh

Blanket imports into Bangladesh reduced to X tons in 2022, declining by -10.4% against the previous year. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 93% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, blanket imports shrank to $X in 2022. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 198%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest blanket supplier to Bangladesh, accounting for a 65% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. India (X tons) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+9.0% per year) and India (+59.3% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Bangladesh, comprising 63% of total imports. The second position in the ranking was held by India ($X), with a 9.9% share of total imports. It was followed by Spain, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+61.3% per year) and Spain (+47.1% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, dropping by -1.6% against the previous year. Overall, the import price, however, showed mild growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 111%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Spain ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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