Malaysia: Blanket Market 2025

Blanket Market Size in Malaysia

In 2022, the Malaysian blanket market increased by 26% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a mild decrease. Blanket consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Blanket Production in Malaysia

In value terms, blanket production skyrocketed to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant increase. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Blanket Exports

Exports from Malaysia

In 2022, the amount of blankets and traveling rugs (except electric blankets) exported from Malaysia reduced modestly to X tons, waning by -4.3% compared with the year before. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 132%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, blanket exports fell remarkably to $X in 2022. Overall, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2016 when exports increased by 166% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X tons), Singapore (X tons) and Oman (X tons) were the main destinations of blanket exports from Malaysia, together comprising 52% of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +45.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Brunei Darussalam ($X) constituted the largest markets for blanket exported from Malaysia worldwide, together comprising 67% of total exports. Mozambique, Oman, Vietnam, Thailand, Fiji and Indonesia lagged somewhat behind, together comprising a further 21%.

Oman, with a CAGR of +31.2%, recorded the highest growth rate of 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, waning by -12.2% against the previous year. In general, the export price, however, recorded pronounced growth. The growth pace was the most rapid in 2013 when the average export price increased by 297%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

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 Indonesia ($X per ton), while the average price for exports to Mozambique ($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 Taiwan (Chinese) (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Malaysia

After three years of decline, overseas purchases of blankets and traveling rugs (except electric blankets) increased by 2.3% to X tons in 2022. Overall, imports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 53%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, blanket imports stood at $X in 2022. Over the period under review, imports, however, recorded a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of blanket to Malaysia, with a 76% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, Pakistan (X tons), tenfold. The third position in this ranking was taken by Thailand (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+17.8% per year) and Thailand (-12.2% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Malaysia, comprising 60% of total imports. The second position in the ranking was held by Pakistan ($X), with a 5.9% share of total imports. It was followed by India, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+15.3% per year) and India (-8.4% per year).

Import Prices by Country

The average blanket import price stood at $X per ton in 2022, surging by 7.8% against the previous year. In general, the import price, however, saw a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of 47%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :