Northern America: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports in Northern America

After five years of growth, shipments abroad of blankets and travelling rugs of synthetic fibres decreased by -8.8% to X units in 2022. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 38%. The volume of export peaked at X units in 2021, and then shrank in the following year.

In value terms, travelling rugs of synthetic fibre exports declined modestly to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +51.9% against 2016 indices. The most prominent rate of growth was recorded in 2018 with an increase of 17%. Over the period under review, the exports hit record highs at $X in 2021, and then declined modestly in the following year.

Exports by Country

The United States represented the key exporting country with an export of about X units, which amounted to 80% of total exports. It was distantly followed by Canada (X units), committing a 20% share of total exports.

The United States was also the fastest-growing in terms of the blankets and travelling rugs of synthetic fibres exports, with a CAGR of +6.4% from 2012 to 2022. Canada (-1.2%) illustrated a downward trend over the same period. The United States (+14 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -14.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest travelling rugs of synthetic fibre supplier in Northern America, comprising 87% of total exports. The second position in the ranking was held by Canada ($X), with a 13% share of total exports.

In the United States, travelling rugs of synthetic fibre exports increased at an average annual rate of +6.1% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, with an increase of 7.6% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 21%. The level of export peaked at $X per unit in 2017; however, from 2018 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 the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%).

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports in Northern America

In 2022, purchases abroad of blankets and travelling rugs of synthetic fibres decreased by -1.8% to X units for the first time since 2011, thus ending a ten-year rising trend. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 38%. Over the period under review, imports hit record highs at X units in 2021, and then declined modestly in the following year.

In value terms, travelling rugs of synthetic fibre imports dropped to $X in 2022. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of 41%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The United States prevails in imports structure, amounting to X units, which was near 95% of total imports in 2022. It was distantly followed by Canada (X units), generating a 4.8% share of total imports.

The United States was also the fastest-growing in terms of the blankets and travelling rugs of synthetic fibres imports, with a CAGR of +15.0% from 2012 to 2022. At the same time, Canada (+8.4%) displayed positive paces of growth. While the share of the United States (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-3.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported blankets and travelling rugs of synthetic fibres in Northern America, comprising 93% of total imports. The second position in the ranking was taken by Canada ($X), with a 6.8% share of total imports.

In the United States, travelling rugs of synthetic fibre imports increased at an average annual rate of +9.5% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, with a decrease of -2.4% against the previous year. Overall, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2021 when the import price increased by 10%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-2.5%).

Source: IndexBox Platform

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