Portugal: Blanket Market 2024

Blanket Market Size in Portugal

After four years of decline, the Portuguese blanket market increased by 255% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. Blanket consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Blanket Production in Portugal

In value terms, blanket production soared to $X in 2022 estimated in export price. Overall, the total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +77.1% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Blanket Exports

Exports from Portugal

In 2022, after five years of growth, there was significant decline in shipments abroad of blankets and traveling rugs (except electric blankets), when their volume decreased by -21.9% to X tons. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped rapidly in the following year.

In value terms, blanket exports fell to $X in 2022. In general, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 63%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for blanket exports from Portugal, accounting for a 80% share of total exports. Moreover, blanket exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 29% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.3% per year) and Germany (+8.1% per year).

In value terms, the United States ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Portugal, comprising 41% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Spain, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.7% per year) and Spain (+5.3% per year).

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, rising by 19% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 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 Italy ($X per ton), while the average price for exports to Spain ($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 Austria (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Blanket Imports

Imports into Portugal

In 2022, purchases abroad of blankets and traveling rugs (except electric blankets) increased by 25% to X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, blanket imports amounted to $X in 2022. The total import value increased at an average annual rate of +5.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 25%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of blanket to Portugal, with a 107% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. The third position in this ranking was taken by the Netherlands (X tons), with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.5% per year) and the Netherlands (+4.0% per year).

In value terms, China ($X), Spain ($X) and France ($X) appeared to be the largest blanket suppliers to Portugal, with a combined 99% share of total imports.

France, with a CAGR of +25.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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, declining by -12.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2021 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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 Ireland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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