U.S.: Blanket Market 2024

Blanket Market Size in the U.S.

The U.S. blanket market stood at $X in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a prominent increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Blanket Exports

Exports from the U.S.

Blanket exports from the United States expanded to X tons in 2022, with an increase of 1.7% compared with the year before. Overall, total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -17.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 72%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, blanket exports expanded significantly to $X in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 12% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Canada (X tons), Mexico (X tons) and the UK (X tons) were the main destinations of blanket exports from the United States, together accounting for 92% of total exports. Saudi Arabia, Japan, Panama, Germany and South Korea lagged somewhat behind, together accounting for a further 13%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +45.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from the United States, comprising 56% of total exports. The second position in the ranking was taken by Mexico ($X), with a 9.5% share of total exports. It was followed by the UK, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.2% per year) and the UK (-0.3% per year).

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, with an increase of 5.3% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, blanket export price increased by +33.4% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 28%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Saudi Arabia ($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 Canada (+2.6%), while the prices for the other major destinations experienced a decline.

Blanket Imports

Imports into the U.S.

In 2022, blanket imports into the United States totaled X tons, increasing by 4.7% compared with 2021. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of 56%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, blanket imports reduced to $X in 2022. Over the period under review, imports showed a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest blanket supplier to the United States, accounting for a 83% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. The third position in this ranking was held by Pakistan (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+9.2% per year) and Pakistan (+15.2% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to the United States, comprising 84% of total imports. The second position in the ranking was taken by India ($X), with an 8.6% share of total imports. It was followed by Vietnam, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.7% per year) and Vietnam (+66.2% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, shrinking by -7.1% against the previous year. Over the period under review, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-2.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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