Global Blanket Market 2024

Blanket Market Size

The global blanket market shrank slightly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Blanket Production

In value terms, blanket production declined slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Over the period under review, global production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Blanket Exports

Exports

In 2022, approx. X tons of blankets and traveling rugs (except electric blankets) were exported worldwide; with an increase of 27% compared with 2021 figures. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 54% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, blanket exports expanded modestly to $X in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31%. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

China dominates exports structure, amounting to X tons, which was near 84% of total exports in 2022. The following exporters - India (X tons) and the Netherlands (X tons) - each finished at a 3.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to blanket exports from China stood at +7.1%. At the same time, the Netherlands (+13.8%) and India (+5.3%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +13.8% from 2012-2022. From 2012 to 2022, the share of China increased by +8.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest blanket supplier worldwide, comprising 73% of global exports. The second position in the ranking was held by India ($X), with a 4.3% share of global exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +3.0%. In the other countries, the average annual rates were as follows: India (+6.6% per year) and the Netherlands (+13.5% per year).

Export Prices by Country

The average blanket export price stood at $X per ton in 2022, declining by -19.4% against the previous year. Overall, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of 27%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while China ($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 (+1.2%), while the other global leaders experienced a decline in the export price figures.

Blanket Imports

Imports

In 2022, supplies from abroad of blankets and traveling rugs (except electric blankets) increased by 7.9% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +45.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 17%. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, blanket imports stood at $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) represented the main importer of blankets and traveling rugs (except electric blankets), constituting 42% of total imports. The Netherlands (X tons), the United Arab Emirates (X tons), Germany (X tons), Japan (X tons), the UK (X tons), Canada (X tons), Thailand (X tons), Iraq (X tons), France (X tons) and Australia (X tons) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +16.5% from 2012 to 2022. At the same time, the Netherlands (+20.4%), Thailand (+12.6%), Canada (+9.3%), Australia (+6.7%), the UK (+5.4%), France (+4.9%) and Germany (+3.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +20.4% from 2012-2022. By contrast, Iraq (-1.4%), Japan (-1.7%) and the United Arab Emirates (-3.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States and the Netherlands increased by +27 and +3.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported blankets and traveling rugs (except electric blankets) worldwide, comprising 35% of global imports. The second position in the ranking was held by Germany ($X), with a 4.6% share of global imports. It was followed by Japan, with a 4.2% share.

In the United States, blanket imports increased at an average annual rate of +8.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and Japan (-4.0% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per ton, reducing by -6.7% against the previous year. Over the period under review, the import price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+1.1%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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