Sweden: Blanket Market 2024

Blanket Market Size in Sweden

The Swedish blanket market declined to $X in 2022, falling by -5.4% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then fell in the following year.

Blanket Production in Sweden

In value terms, blanket production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 527% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Blanket Exports

Exports from Sweden

In 2022, overseas shipments of blankets and traveling rugs (except electric blankets) increased by 9.4% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when exports increased by 20%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, blanket exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $X, and then declined slightly in the following year.

Exports by Country

Norway (X tons), Finland (X tons) and Denmark (X tons) were the main destinations of blanket exports from Sweden.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +16.2%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Sweden, comprising 28% of total exports. The second position in the ranking was taken by Finland ($X), with a 13% share of total exports. It was followed by Denmark, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (-5.5% per year) and Denmark (-2.5% per year).

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, shrinking by -13% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Finland ($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 the Netherlands (-1.3%), while the prices for the other major destinations experienced a decline.

Blanket Imports

Imports into Sweden

In 2022, blanket imports into Sweden expanded notably to X tons, growing by 11% on 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, blanket imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

In 2022, China (X tons) was the main blanket supplier to Sweden, accounting for a 138% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was held by Latvia (X tons), with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.0% per year) and Latvia (+9.4% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Sweden, comprising 58% of total imports. The second position in the ranking was held by Latvia ($X), with a 15% share of total imports. It was followed by India, with a 14% 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: Latvia (+7.8% per year) and India (+4.8% per year).

Import Prices by Country

The average blanket import price stood at $X per ton in 2022, dropping by -13% against the previous year. Over the period under review, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blanket import price increased by +36.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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