Bangladesh: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2025

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Bangladesh

The Bangladeshi market for blankets and travelling rugs of synthetic fibres shrank to $X in 2022, with a decrease of -7.6% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Bangladesh

In value terms, travelling rugs of synthetic fibre production contracted to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +10.6% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Bangladesh

In 2022, overseas shipments of blankets and travelling rugs of synthetic fibres decreased by -20.9% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 398%. Over the period under review, the exports hit record highs at X units in 2021, and then contracted dramatically in the following year.

In value terms, travelling rugs of synthetic fibre exports reduced markedly to $X in 2022. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2014 when exports increased by 411% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Germany (X units), the United States (X units) and France (X units) were the main destinations of travelling rugs of synthetic fibre exports from Bangladesh, with a combined 29% share of total exports. The Netherlands, Poland, Sweden, Canada, the UK, Austria, Spain, the Czech Republic, Italy and Japan lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +137.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for travelling rugs of synthetic fibre exported from Bangladesh were Germany ($X), France ($X) and the United States ($X), with a combined 29% share of total exports. Poland, the Netherlands, Sweden, Canada, the UK, Austria, Spain, the Czech Republic, Italy and Japan lagged somewhat behind, together comprising a further 27%.

Poland, with a CAGR of +247.2%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, with an increase of 5.5% against the previous year. Over the period under review, the export price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Bangladesh

In 2022, overseas purchases of blankets and travelling rugs of synthetic fibres were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 with an increase of 203%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, travelling rugs of synthetic fibre imports fell to $X in 2022. In general, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2014 with an increase of 213%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of travelling rugs of synthetic fibre to Bangladesh, accounting for a 55% share of total imports. Moreover, travelling rugs of synthetic fibre imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+30.6% per year) and Spain (+29.5% per year).

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to Bangladesh, comprising 49% of total imports. The second position in the ranking was taken by India ($X), with a 24% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+27.2% per year) and Spain (+11.9% per year).

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, shrinking by -12.3% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, travelling rugs of synthetic fibre import price increased by +44.1% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 30%. As a result, import price attained the peak level of $X per unit, and then shrank 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 Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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