Ireland: Blanket Market 2025

Blanket Market Size in Ireland

In 2022, the Irish blanket market decreased by -3.6% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, showed resilient growth. As a result, consumption attained the peak level of $X, and then declined slightly in the following year.

Blanket Production in Ireland

In value terms, blanket production skyrocketed to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +112.5% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 124%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Blanket Exports

Exports from Ireland

In 2022, blanket exports from Ireland skyrocketed to X tons, increasing by 24% compared with the previous year. In general, exports posted a mild expansion. The pace of growth was the most pronounced in 2021 when exports increased by 106% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, blanket exports shrank to $X in 2022. Overall, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +81.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Spain (X tons), the UK (X tons) and Germany (X tons) were the main destinations of blanket exports from Ireland, together comprising 98% of total exports. The United States, France, Italy, Canada and the Netherlands lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +52.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blanket exported from Ireland were the UK ($X), the United States ($X) and Germany ($X), together comprising 76% of total exports. France, Spain, Canada, the Netherlands and Italy lagged somewhat behind, together accounting for a further 22%.

Among the main countries of destination, Canada, with a CAGR of +24.5%, saw 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

The average blanket export price stood at $X per ton in 2022, reducing by -30.4% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blanket export price decreased by -35.3% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 Germany (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.

Blanket Imports

Imports into Ireland

After two years of growth, overseas purchases of blankets and traveling rugs (except electric blankets) decreased by -2.9% to X tons in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +66.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 42%. Over the period under review, imports hit record highs at X tons in 2021, and then declined slightly in the following year.

In value terms, blanket imports stood at $X in 2022. In general, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X tons) was the main blanket supplier to Ireland, accounting for a 129% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The UK (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+15.8% per year) and the UK (-0.5% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Ireland, comprising 56% of total imports. The second position in the ranking was held by the UK ($X), with a 23% share of total imports. It was followed by Pakistan, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.0% per year) and Pakistan (+59.5% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, growing by 3.4% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blanket import price increased by +50.4% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 45% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :