Belgium: Blanket Market 2024

Blanket Market Size in Belgium

The Belgian blanket market declined significantly to $X in 2022, with a decrease of -31.3% against the previous year. In general, consumption saw a abrupt downturn. Blanket consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Blanket Production in Belgium

In value terms, blanket production surged to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 115% against the previous year. Blanket production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Blanket Exports

Exports from Belgium

After three years of growth, shipments abroad of blankets and traveling rugs (except electric blankets) decreased by -69.4% to X tons in 2022. In general, exports, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2021 when exports increased by 317% against the previous year. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, blanket exports fell modestly to $X in 2022. Over the period under review, exports, however, showed a mild expansion. The pace of growth was the most pronounced in 2020 when exports increased by 72%. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted modestly in the following year.

Exports by Country

France (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of blanket exports from Belgium, with a combined 98% share of total exports. Poland, Spain and the UK lagged somewhat behind, together comprising a further 11%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +26.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blanket exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), with a combined 86% share of total exports.

The Netherlands, with a CAGR of +17.7%, saw the highest rates of growth with regard to 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, increasing by 218% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible decrease. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat 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 the UK ($X per ton), while the average price for exports to Poland ($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 the UK (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Belgium

Blanket imports into Belgium was estimated at X tons in 2022, growing by 3.1% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 36%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, blanket imports expanded slightly to $X in 2022. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +69.5% against 2017 indices. The pace of growth was the most pronounced in 2021 when imports increased by 29%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main blanket supplier to Belgium, with a 97% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.2% per year) and Germany (-0.7% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Belgium, comprising 64% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 18% share of total imports. It was followed by France, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.8% per year) and France (-0.8% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, remaining constant against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off 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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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