Scandinavia: Blanket Market 2025

Blanket Market Size in Scandinavia

The Scandinavia blanket market reduced slightly to $X in 2022, dropping by -1.5% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced slightly in the following year.

Blanket Production in Scandinavia

In value terms, blanket production contracted to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 9,097%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Blanket Exports

Exports in Scandinavia

In 2022, overseas shipments of blankets and traveling rugs (except electric blankets) increased by 18% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, blanket exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Sweden was the main exporter of blankets and traveling rugs (except electric blankets) in Scandinavia, with the volume of exports reaching X tons, which was approx. 82% of total exports in 2022. It was distantly followed by Norway (X tons) and Finland (X tons), together constituting an 18% share of total exports.

Exports from Sweden increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, Norway (+7.9%) and Finland (+4.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +7.9% from 2012-2022. Norway (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -5.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest blanket supplier in Scandinavia, comprising 75% of total exports. The second position in the ranking was held by Norway ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled +1.9%. In the other countries, the average annual rates were as follows: Norway (+9.4% per year) and Finland (+6.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, dropping by -15.2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 24%. The level of export peaked at $X per ton in 2021, and then declined remarkably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Blanket Imports

Imports in Scandinavia

In 2022, the amount of blankets and traveling rugs (except electric blankets) imported in Scandinavia skyrocketed to X tons, growing by 17% on the previous year's figure. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 18% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, blanket imports totaled $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Sweden (X tons) represented the largest importer of blankets and traveling rugs (except electric blankets), making up 57% of total imports. Norway (X tons) ranks second in terms of the total imports with a 29% share, followed by Finland (14%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Norway (with a CAGR of +2.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constitutes the largest market for imported blankets and traveling rugs (except electric blankets) in Scandinavia, comprising 58% of total imports. The second position in the ranking was held by Norway ($X), with a 26% share of total imports.

In Sweden, blanket imports expanded at an average annual rate of +1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Norway (-0.2% per year) and Finland (-0.3% per year).

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, reducing by -14% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by 49%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform