South Africa: Blanket Market 2024

Blanket Market Size in South Africa

In 2022, the South African blanket market decreased by -2.6% to $X, falling for the third year in a row after three years of growth. The market value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Blanket consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Blanket Production in South Africa

In value terms, blanket production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 55%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Blanket Exports

Exports from South Africa

In 2022, approx. X tons of blankets and traveling rugs (except electric blankets) were exported from South Africa; falling by -11.3% compared with the previous year's figure. In general, exports recorded a perceptible decrease. The growth pace was the most rapid in 2016 with an increase of 117%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, blanket exports shrank modestly to $X in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 40% 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 remained at a lower figure.

Exports by Country

Lesotho (X tons), Namibia (X tons) and Swaziland (X tons) were the main destinations of blanket exports from South Africa, together accounting for 72% of total exports. Botswana, Malawi, Mozambique, Zambia and Zimbabwe lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +18.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Namibia ($X), Lesotho ($X) and Botswana ($X) constituted the largest markets for blanket exported from South Africa worldwide, together accounting for 62% of total exports. Swaziland, Mozambique, Zambia, Malawi and Zimbabwe lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Mozambique, with a CAGR of +14.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average blanket export price stood at $X per ton in 2022, with an increase of 8.6% against the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average export price increased by 307% 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 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 Botswana ($X per ton), while the average price for exports to Malawi ($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 Malawi (+2.7%), while the prices for the other major destinations experienced a decline.

Blanket Imports

Imports into South Africa

In 2022, imports of blankets and traveling rugs (except electric blankets) into South Africa declined markedly to X tons, with a decrease of -19.4% against 2021 figures. In general, imports, however, posted a measured increase. The most prominent rate of growth was recorded in 2014 with an increase of 129% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, blanket imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 48%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main blanket supplier to South Africa, with a 117% share of total imports. It was followed by Pakistan (X tons), with a 3.5% share of total imports. The third position in this ranking was held by India (X tons), with a 2.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (+3.9% per year) and India (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to South Africa, comprising 91% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 2.8% share of total imports. It was followed by Turkey, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Pakistan (-0.3% per year) and Turkey (+41.3% per year).

Import Prices by Country

The average blanket import price stood at $X per ton in 2022, with an increase of 9.1% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2015 when the average import price increased by 67%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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