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

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

In 2022, the Chinese market for blankets and travelling rugs of synthetic fibres decreased by -11.1% to $X, falling for the third year in a row after four years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in China

In value terms, travelling rugs of synthetic fibre production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 15%. Travelling rugs of synthetic fibre production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from China

In 2022, approx. X units of blankets and travelling rugs of synthetic fibres were exported from China; growing by 29% against the previous year's figure. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, travelling rugs of synthetic fibre exports expanded to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 30%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for travelling rugs of synthetic fibre exports from China, with a 36% share of total exports. Moreover, travelling rugs of synthetic fibre exports to the United States exceeded the volume sent to the second major destination, Japan (X units), ninefold. The UK (X units) ranked third in terms of total exports with a 3.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+4.9% per year) and the UK (+12.7% per year).

In value terms, the United States ($X) remains the key foreign market for blankets and travelling rugs of synthetic fibres exports from China, comprising 37% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 4.2% share of total exports. It was followed by Japan, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+6.7% per year) and Japan (-2.1% per year).

Export Prices by Country

In 2022, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, waning by -21% against the previous year. Overall, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2014 an increase of 41%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Indonesia ($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 the United Arab Emirates (+11.8%), 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 China

In 2022, supplies from abroad of blankets and travelling rugs of synthetic fibres increased by 82% to X units, rising for the second consecutive year after three years of decline. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +93.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, travelling rugs of synthetic fibre imports soared to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Vietnam (X units) constituted the largest travelling rugs of synthetic fibre supplier to China, accounting for a 54% share of total imports. Moreover, travelling rugs of synthetic fibre imports from Vietnam exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by Thailand (X units), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from Vietnam totaled +82.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.9% per year) and Thailand (-11.2% per year).

In value terms, Vietnam ($X), India ($X) and Thailand ($X) constituted the largest travelling rugs of synthetic fibre suppliers to China, with a combined 65% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +65.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, waning by -23.7% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 31%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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