Sri Lanka: Blanket Market 2025

Blanket Market Size in Sri Lanka

In 2022, the Sri Lankan blanket market decreased by -4.9% to $X, falling for the second consecutive year after three years of growth. In general, consumption, however, enjoyed prominent growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Blanket Production in Sri Lanka

In value terms, blanket production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 45% against the previous year. Blanket production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Blanket Exports

Exports from Sri Lanka

In 2022, shipments abroad of blankets and traveling rugs (except electric blankets) increased by 5.1% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 108% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, blanket exports reduced to $X in 2022. In general, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 142% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for blanket exports from Sri Lanka, accounting for a 29% share of total exports. Moreover, blanket exports to Oman exceeded the volume sent to the second major destination, the United States (X tons), threefold. Germany (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Oman stood at +48.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.2% per year) and Germany (-20.3% per year).

In value terms, Germany ($X), the United States ($X) and Oman ($X) were the largest markets for blanket exported from Sri Lanka worldwide, with a combined 61% share of total exports. Sweden, Austria, the UK, France, Slovakia, Kuwait, Norway, the United Arab Emirates and Singapore lagged somewhat behind, together accounting for a further 45%.

Among the main countries of destination, Sweden, with a CAGR of +59.0%, recorded 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, dropping by -12.9% against the previous year. In general, the export price recorded a perceptible setback. The growth pace was the most rapid in 2016 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Oman ($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 Belgium (+102.3%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Sri Lanka

Blanket imports into Sri Lanka contracted significantly to X tons in 2022, with a decrease of -59.3% on 2021 figures. In general, imports, however, continue to indicate a tangible expansion. The growth pace was the most rapid in 2014 with an increase of 119% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, blanket imports dropped markedly to $X in 2022. Over the period under review, imports, however, showed a mild expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 119%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main blanket supplier to Sri Lanka, with a 215% share of total imports. It was followed by the United States (X tons), with a 4.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+115.4% per year) and Thailand (-12.7% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Sri Lanka, comprising 196% of total imports. The second position in the ranking was held by the United States ($X), with a 4.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+84.9% per year) and Thailand (-15.4% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, falling by -5.8% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 18% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Thailand ($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 (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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