Southern Asia: Blanket Market 2025

Blanket Market Size in Southern Asia

In 2022, the South Asian blanket market decreased by -8.5% to $X, falling for the second year in a row after five years of growth. Overall, consumption, however, enjoyed a buoyant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Blanket Production in Southern Asia

In value terms, blanket production rose modestly to $X in 2022 estimated in export price. Overall, production recorded a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 46%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Blanket Exports

Exports in Southern Asia

In 2022, shipments abroad of blankets and traveling rugs (except electric blankets) increased by 51% to X tons, rising for the third consecutive year after three years of decline. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +101.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, blanket exports skyrocketed to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +49.3% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of 38% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

India was the key exporting country with an export of about X tons, which accounted for 78% of total exports. It was distantly followed by Pakistan (X tons), creating a 20% share of total exports. Bangladesh (X tons) followed a long way behind the leaders.

Exports from India increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Bangladesh (+25.7%) and Pakistan (+7.9%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +25.7% from 2012-2022. While the share of Pakistan (+3.3 p.p.) and Bangladesh (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-4.8 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest blanket supplier in Southern Asia, comprising 79% of total exports. The second position in the ranking was held by Pakistan ($X), with an 18% share of total exports.

In India, blanket exports expanded at an average annual rate of +6.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+5.6% per year) and Bangladesh (+27.9% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, reducing by -23.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 26%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+1.7%), while the other leaders experienced mixed trends in the export price figures.

Blanket Imports

Imports in Southern Asia

In 2022, approx. X tons of blankets and traveling rugs (except electric blankets) were imported in Southern Asia; with a decrease of -16.5% against 2021. In general, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 16% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, blanket imports contracted sharply to $X in 2022. Over the period under review, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 35% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons) and Afghanistan (X tons) represented roughly 76% of total imports in 2022. Nepal (X tons) held the next position in the ranking, followed by Bangladesh (X tons). All these countries together held approx. 18% share of total imports. Pakistan (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Nepal (with a CAGR of +11.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, India ($X) constitutes the largest market for imported blankets and traveling rugs (except electric blankets) in Southern Asia, comprising 56% of total imports. The second position in the ranking was taken by Afghanistan ($X), with a 24% share of total imports. It was followed by Nepal, with an 8.1% share.

In India, blanket imports declined by an average annual rate of -4.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Afghanistan (-7.6% per year) and Nepal (+7.0% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of -4.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 17% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($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 (+1.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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