Spain: Blanket Market 2024

Blanket Market Size in Spain

The Spanish blanket market reduced to $X in 2022, shrinking by -7.4% against the previous year. Overall, consumption saw a drastic downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Blanket Production in Spain

In value terms, blanket production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Blanket Exports

Exports from Spain

In 2022, overseas shipments of blankets and traveling rugs (except electric blankets) increased by 3.8% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, blanket exports reached $X in 2022. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for blanket exports from Spain, accounting for a 41% share of total exports. Moreover, blanket exports to France exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+1.0% per year) and Italy (+6.9% per year).

In value terms, the largest markets for blanket exported from Spain were France ($X), Portugal ($X) and Saudi Arabia ($X), together comprising 40% of total exports. Italy, Germany, Poland, the UK, the United States, Belgium, Kuwait, Morocco and Algeria lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, the UK, with a CAGR of +16.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, increasing by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.4%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to France ($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 Saudi Arabia (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Spain

In 2022, approx. X tons of blankets and traveling rugs (except electric blankets) were imported into Spain; waning by -3.7% on the previous year's figure. In general, imports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, blanket imports dropped to $X in 2022. Over the period under review, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 48% against the previous year. Imports peaked 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 supplier of blanket to Spain, with a 120% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.4% per year) and Thailand (+19.7% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Spain, comprising 87% of total imports. The second position in the ranking was taken by India ($X), with a 6.1% share of total imports. It was followed by Portugal, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from China totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.2% per year) and Portugal (+3.4% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2021 an increase of 18% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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