Thailand: Bedspread Market 2025

Bedspread Market Size in Thailand

The Thai bedspread market totaled $X in 2021, increasing by 9% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible reduction. Bedspread consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bedspread Production in Thailand

In value terms, bedspread production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of 22%. Bedspread production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bedspread Exports

Exports from Thailand

In 2019, overseas shipments of bedspreads (excluding eiderdowns) increased by 2.6% to X units for the first time since 2012, thus ending a six-year declining trend. In general, exports, however, saw a abrupt descent. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2019, the exports failed to regain momentum.

In value terms, bedspread exports rose rapidly to $X in 2019. Over the period under review, exports, however, showed a abrupt downturn. The exports peaked at $X in 2013; however, from 2014 to 2019, the exports remained at a lower figure.

Exports by Country

Myanmar (X units) was the main destination for bedspread exports from Thailand, accounting for a 19% share of total exports. Moreover, bedspread exports to Myanmar exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was held by the United States (X units), with an 8% share.

From 2012 to 2019, the average annual growth rate of volume to Myanmar stood at +91.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+11.3% per year) and the United States (-40.9% per year).

In value terms, the United States ($X), China ($X) and Belgium ($X) constituted the largest markets for bedspread exported from Thailand worldwide, together accounting for 30% of total exports. These countries were followed by Poland, Germany, Spain, the United Arab Emirates, Myanmar, Italy, France, Sweden, the UK and Lao People's Democratic Republic, which together accounted for a further 50%.

Poland, with a CAGR of +2,156.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bedspread export price stood at $X per unit in 2019, growing by 6.9% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2019: its price increased at an average annual rate of +7.6% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, bedspread export price increased by +66.4% against 2012 indices. The pace of growth appeared the most rapid in 2016 an increase of 21%. Over the period under review, the average export prices attained the peak figure in 2019 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bedspread Imports

Imports into Thailand

In 2019, the amount of bedspreads (excluding eiderdowns) imported into Thailand surged to X units, growing by 64% compared with 2018. Over the period under review, imports saw a measured expansion. The pace of growth was the most pronounced in 2013 with an increase of 95% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2019, the growth of imports remained at a lower figure.

In value terms, bedspread imports surged to $X in 2019. Overall, total imports indicated a remarkable increase from 2012 to 2019: its value increased at an average annual rate of +13.6% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +68.9% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 97% against the previous year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2019, China (X units) was the main bedspread supplier to Thailand, accounting for a 97% share of total imports. It was followed by India (X units), with a 1.9% share of total imports.

From 2012 to 2019, the average annual rate of growth in terms of volume from China totaled +2.1%.

In value terms, China ($X) constituted the largest supplier of bedspreads (excluding eiderdowns) to Thailand, comprising 81% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports.

From 2012 to 2019, the average annual growth rate of value from China stood at +13.9%.

Import Prices by Country

The average bedspread import price stood at $X per unit in 2019, with a decrease of -14.2% against the previous year. Overall, the import price, however, recorded strong growth. The pace of growth appeared the most rapid in 2018 an increase of 68% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was India ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by India (+13.0%).

Source: IndexBox Platform