MERCOSUR: Blanket Market 2024

Blanket Market Size in MERCOSUR

The MERCOSUR blanket market amounted to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Blanket Production in MERCOSUR

In value terms, blanket production amounted to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value 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, production decreased by -9.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Blanket Exports

Exports in MERCOSUR

In 2022, the amount of blankets and traveling rugs (except electric blankets) exported in MERCOSUR soared to X tons, picking up by 22% on the year before. Total exports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 53% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, blanket exports skyrocketed to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Paraguay (X tons) was the main exporter of blankets and traveling rugs (except electric blankets), creating 73% of total exports. Chile (X tons) ranks second in terms of the total exports with a 14% share, followed by Peru (7.6%). Ecuador (X tons) followed a long way behind the leaders.

Paraguay was also the fastest-growing in terms of the blankets and traveling rugs (except electric blankets) exports, with a CAGR of +29.6% from 2012 to 2022. Chile (-4.0%), Ecuador (-6.3%) and Peru (-10.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Paraguay increased by +66 percentage points.

In value terms, Paraguay ($X) remains the largest blanket supplier in MERCOSUR, comprising 56% of total exports. The second position in the ranking was taken by Chile ($X), with a 20% share of total exports. It was followed by Peru, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Paraguay totaled +20.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (-6.5% per year) and Peru (-1.9% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, picking up by 1.7% against the previous year. Over the period under review, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2021 an increase of 30%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+9.9%), while the other leaders experienced a decline in the export price figures.

Blanket Imports

Imports in MERCOSUR

For the third year in a row, MERCOSUR recorded growth in supplies from abroad of blankets and traveling rugs (except electric blankets), which increased by 10% to X tons in 2022. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +26.3% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 37%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, blanket imports stood at $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of blankets and traveling rugs (except electric blankets), namely Brazil, Chile and Peru, represented more than two-thirds of total import. It was distantly followed by Colombia (X tons), generating a 6.2% share of total imports. Paraguay (X tons) and Argentina (X tons) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +16.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 87% of total imports.

Peru, with a CAGR of +6.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, with a decrease of -5.9% against the previous year. In general, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by 21%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform