Sri Lanka: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2025

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Sri Lanka

In 2022, after six years of growth, there was significant decline in the Sri Lankan market for blankets and travelling rugs of synthetic fibres, when its value decreased by -14.7% to $X. In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Travelling rugs of synthetic fibre consumption peaked at $X in 2021, and then declined in the following year.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Sri Lanka

In value terms, travelling rugs of synthetic fibre production rose modestly to $X in 2022 estimated in export price. Overall, the total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.2% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 25%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Sri Lanka

For the fourth year in a row, Sri Lanka recorded decline in overseas shipments of blankets and travelling rugs of synthetic fibres, which decreased by -2.9% to X units in 2022. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2013 when exports increased by 157% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, travelling rugs of synthetic fibre exports reduced to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 167% 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 remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for travelling rugs of synthetic fibre exports from Sri Lanka, accounting for a 78% share of total exports. Moreover, travelling rugs of synthetic fibre exports to Germany exceeded the volume sent to the second major destination, France (X units), fivefold. The third position in this ranking was held by Slovenia (X units), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+53.2% per year) and Slovenia (-10.0% per year).

In value terms, Germany ($X) remains the key foreign market for blankets and travelling rugs of synthetic fibres exports from Sri Lanka, comprising 75% of total exports. The second position in the ranking was taken by France ($X), with a 16% share of total exports. It was followed by Slovenia, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+55.8% per year) and Slovenia (-11.5% per year).

Export Prices by Country

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, dropping by -4.3% against the previous year. Overall, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, travelling rugs of synthetic fibre export price decreased by -17.8% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 45%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Sri Lanka

In 2022, the amount of blankets and travelling rugs of synthetic fibres imported into Sri Lanka declined markedly to X units, waning by -98.7% on the year before. Over the period under review, imports recorded a precipitous setback. The most prominent rate of growth was recorded in 2021 when imports increased by 84% against the previous year. As a result, imports reached the peak of X units, and then fell sharply in the following year.

In value terms, travelling rugs of synthetic fibre imports shrank rapidly to $X in 2022. Overall, imports continue to indicate a sharp decline. The growth pace was the most rapid in 2014 with an increase of 81% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of travelling rugs of synthetic fibre to Sri Lanka, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -23.2%.

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to Sri Lanka.

From 2012 to 2022, the average annual growth rate of value from China stood at -25.4%.

Import Prices by Country

The average import price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, flattening at the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.8% per year.

Source: IndexBox Platform

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