United Kingdom: Blanket Market 2024

Blanket Market Size in the UK

The UK blanket market fell to $X in 2022, dropping by -8.6% against the previous year. The market value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined in the following year.

Blanket Production in the UK

In value terms, blanket production expanded to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 -1.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 22%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Blanket Exports

Exports from the UK

In 2022, shipments abroad of blankets and traveling rugs (except electric blankets) increased by 24% to X tons, rising for the third consecutive year after two years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, blanket exports soared to $X in 2022. Over the period under review, exports saw a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Ireland (X tons) was the main destination for blanket exports from the UK, accounting for a 28% share of total exports. Moreover, blanket exports to Ireland exceeded the volume sent to the second major destination, France (X tons), fourfold. The third position in this ranking was taken by Germany (X tons), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.1% per year) and Germany (-8.7% per year).

In value terms, France ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from the UK, comprising 16% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.8% share of total exports. It was followed by Ireland, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+11.4% per year) and Ireland (-2.2% per year).

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, picking up by 99% against the previous year. In general, the export price showed a buoyant expansion. As a result, the export price attained the peak level 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 the United Arab Emirates ($X per ton), while the average price for exports to Ireland ($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 United Arab Emirates (+31.7%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into the UK

In 2022, supplies from abroad of blankets and traveling rugs (except electric blankets) decreased by -4.6% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, blanket imports declined to $X in 2022. The total import value increased at an average annual rate of +4.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of blanket to the UK, with a 76% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold. The third position in this ranking was held by Cambodia (X tons), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.3% per year) and Cambodia (+11.1% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to the UK, comprising 71% of total imports. The second position in the ranking was taken by India ($X), with a 6.8% share of total imports. It was followed by Germany, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+0.1% per year) and Germany (+0.7% per year).

Import Prices by Country

The average blanket import price stood at $X per ton in 2022, which is down by -3% against the previous year. Overall, the import price recorded a mild setback. The most prominent rate of growth was recorded in 2021 an increase of 26%. Over the period under review, average import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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