Vietnam: Blanket Market 2025

Blanket Market Size in Vietnam

The Vietnamese blanket market fell slightly to $X in 2022, dropping by -3.6% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Blanket consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Blanket Production in Vietnam

In value terms, blanket production rose to $X in 2022 estimated in export price. Overall, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of 713% against the previous year. Blanket production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Blanket Exports

Exports from Vietnam

In 2022, shipments abroad of blankets and traveling rugs (except electric blankets) decreased by -22.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 192%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped dramatically in the following year.

In value terms, blanket exports contracted sharply to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 193% against the previous year. The exports peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

The United States (X tons) was the main destination for blanket exports from Vietnam, accounting for a 86% share of total exports. Moreover, blanket exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), tenfold. The third position in this ranking was held by Cambodia (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +71.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+35.0% per year) and Cambodia (+197.3% per year).

In value terms, the United States ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Vietnam, comprising 74% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with a 4.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +62.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+20.5% per year) and Saudi Arabia (-3.7% per year).

Export Prices by Country

In 2022, the average blanket export price amounted to $X per ton, surging by 3.2% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price 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, blanket export price decreased by -5.4% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 122%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Cambodia ($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 Saudi Arabia (+2.1%), while the prices for the other major destinations experienced a decline.

Blanket Imports

Imports into Vietnam

In 2022, approx. X tons of blankets and traveling rugs (except electric blankets) were imported into Vietnam; which is down by -46.5% against the previous year's figure. In general, imports showed a mild downturn. The pace of growth appeared the most rapid in 2016 with an increase of 5,166%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, blanket imports reduced sharply to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 5,877% against the previous year. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main blanket supplier to Vietnam, with a approx. 396% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +10.6%.

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Vietnam.

From 2012 to 2022, the average annual growth rate of value from China totaled +15.1%.

Import Prices by Country

The average blanket import price stood at $X per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 an increase of 21% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 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 +4.0% per year.

Source: IndexBox Platform

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