Overview of the Global Market for Blankets And Travelling Rugs Of Synthetic Fibres

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres

The global market for blankets and travelling rugs of synthetic fibres fell slightly to $X in 2022, declining by -4% against the previous year. The market value increased at an average annual rate of +2.8% over the period 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 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Blankets And Travelling Rugs Of Synthetic Fibres

In value terms, travelling rugs of synthetic fibre production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% 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 2013 with an increase of 16% against the previous year. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports

In 2022, global exports of blankets and travelling rugs of synthetic fibres surged to X units, growing by 26% against 2021 figures. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% 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 +46.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 35% against the previous year. The global exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, travelling rugs of synthetic fibre exports totaled $X in 2022. The total export value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X units) represented roughly 90% of total exports in 2022.

China was also the fastest-growing in terms of the blankets and travelling rugs of synthetic fibres exports, with a CAGR of +6.4% from 2012 to 2022. From 2012 to 2022, the share of China increased by +5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest travelling rugs of synthetic fibre supplier worldwide.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +4.0%.

Export Prices by Country

In 2022, the average export price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, with a decrease of -19% against the previous year. Over the period under review, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, 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 -2.3% per year.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports

After two years of growth, supplies from abroad of blankets and travelling rugs of synthetic fibres decreased by -2.2% to X units in 2022. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +29.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of X units, and then contracted modestly in the following year.

In value terms, travelling rugs of synthetic fibre imports dropped slightly to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2022, the United States (X units) was the key importer of blankets and travelling rugs of synthetic fibres, creating 46% of total imports. The following importers - the United Arab Emirates (X units), Germany (X units), Canada (X units), Japan (X units), Brazil (X units), Indonesia (X units), France (X units), the UK (X units), Iraq (X units) and the Netherlands (X units) - together made up 22% of total imports.

From 2012 to 2022, average annual rates of growth with regard to travelling rugs of synthetic fibre imports into the United States stood at +15.0%. At the same time, Indonesia (+15.9%), the Netherlands (+10.0%), Canada (+8.4%), Brazil (+6.4%), the UK (+6.0%), France (+5.2%) and Germany (+2.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of +15.9% from 2012-2022. By contrast, Iraq (-3.3%), Japan (-4.0%) and the United Arab Emirates (-4.5%) illustrated a downward trend over the same period. The United States (+28 p.p.) significantly strengthened its position in terms of the global imports, while Iraq, Japan and the United Arab Emirates saw its share reduced by -2.3%, -3.4% and -5.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported blankets and travelling rugs of synthetic fibres worldwide, comprising 38% of global imports. The second position in the ranking was taken by Germany ($X), with a 4.6% share of global imports. It was followed by Japan, with a 4.5% share.

In the United States, travelling rugs of synthetic fibre imports increased at an average annual rate of +9.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+2.3% per year) and Japan (-3.1% per year).

Import Prices by Country

The average import price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the import price recorded a pronounced decrease. The growth pace was the most rapid in 2021 an increase of 10% against the previous year. Global import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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