Ethiopia: Blanket Market 2024

Blanket Market Size in Ethiopia

After four years of growth, the Ethiopian blanket market decreased by -0.7% to $X in 2022. In general, consumption, however, posted a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Blanket Production in Ethiopia

In value terms, blanket production rose rapidly to $X in 2022 estimated in export price. Overall, production recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 104%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Blanket Exports

Exports from Ethiopia

After three years of growth, shipments abroad of blankets and traveling rugs (except electric blankets) decreased by -16.6% to X tons in 2022. In general, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 160% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, blanket exports reduced dramatically to $X in 2022. Over the period under review, exports continue to indicate a perceptible shrinkage. The growth pace was the most rapid in 2021 with an increase of 145% against the previous year. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

Italy (X tons) was the main destination for blanket exports from Ethiopia, with a 160% share of total exports. Moreover, blanket exports to Italy exceeded the volume sent to the second major destination, the UK (X kg), sixfold. Belgium (X kg) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy amounted to +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+96.7% per year) and Belgium (-11.0% per year).

In value terms, the UK ($X), Italy ($X) and the United States ($X) were the largest markets for blanket exported from Ethiopia worldwide.

The UK, with a CAGR of +113.1%, 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

In 2022, the average blanket export price amounted to $X per ton, declining by -15.7% against the previous year. Overall, the export price, however, saw prominent growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 64% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kenya ($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 South Sudan (+52.8%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Ethiopia

In 2022, the amount of blankets and traveling rugs (except electric blankets) imported into Ethiopia declined remarkably to X tons, which is down by -31.6% on 2021 figures. In general, imports showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by 171% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, blanket imports shrank notably to $X in 2022. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 when imports increased by 99%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Pakistan (X tons) and India (X tons) were the main suppliers of blanket imports to Ethiopia, with a combined 76% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Pakistan (with a CAGR of +61.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest blanket suppliers to Ethiopia were China ($X), Pakistan ($X) and India ($X), with a combined 78% share of total imports.

In terms of the main suppliers, Pakistan, with a CAGR of +62.1%, recorded the highest growth rate of 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 blanket import price stood at $X per ton in 2022, rising by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Germany ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform