Vietnam: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2025

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Vietnam

In 2022, the Vietnamese market for blankets and travelling rugs of synthetic fibres increased by 1.3% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Vietnam

In value terms, travelling rugs of synthetic fibre production expanded notably to $X in 2022 estimated in export price. Overall, production saw a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 299%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Vietnam

In 2022, after four years of growth, there was significant decline in shipments abroad of blankets and travelling rugs of synthetic fibres, when their volume decreased by -21.4% to X units. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 815% against the previous year. The exports peaked at X units in 2021, and then reduced dramatically in the following year.

In value terms, travelling rugs of synthetic fibre exports contracted rapidly to $X in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2013 when exports increased by 211%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank sharply in the following year.

Exports by Country

The United States (X units) was the main destination for travelling rugs of synthetic fibre exports from Vietnam, with a 74% share of total exports. Moreover, travelling rugs of synthetic fibre exports to the United States exceeded the volume sent to the second major destination, Japan (X units), more than tenfold. Saudi Arabia (X units) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +117.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+21.2% per year) and Saudi Arabia (+51.3% per year).

In value terms, the United States ($X) remains the key foreign market for blankets and travelling rugs of synthetic fibres exports from Vietnam, comprising 65% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +84.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+14.3% per year) and Saudi Arabia (+62.0% per year).

Export Prices by Country

In 2022, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2017 an increase of 61%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to South Korea ($X per unit) 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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Vietnam

In 2022, approx. X units of blankets and travelling rugs of synthetic fibres were imported into Vietnam; with a decrease of -47.6% compared with 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 9,951% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, travelling rugs of synthetic fibre imports fell rapidly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 10,568%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main travelling rugs of synthetic fibre supplier to Vietnam, accounting for a 94% share of total imports. It was followed by Thailand (X units), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-17.8% per year) and Australia (-48.1% per year).

In value terms, China ($X) constituted the largest supplier of blankets and travelling rugs of synthetic fibres to Vietnam, comprising 94% of total imports. The second position in the ranking was held by Thailand ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-16.8% per year) and Australia (-44.6% per year).

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, stabilizing at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 13%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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