Asia-Pacific: Bedspread Market 2022

Bedspread Market Size in Asia-Pacific

The Asia-Pacific bedspread market stood at $X in 2021, increasing by 4.6% against the previous year. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Bedspread Production in Asia-Pacific

In value terms, bedspread production rose slightly to $X in 2021 estimated in export price. Overall, production saw a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of 15%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bedspread Exports

Exports in Asia-Pacific

In 2021, the amount of bedspreads (excluding eiderdowns) exported in Asia-Pacific rose remarkably to X units, with an increase of 13% compared with the previous year. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 45% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bedspread exports dropped to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 40%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, China (X units) represented the largest exporter of bedspreads (excluding eiderdowns), making up 61% of total exports. It was distantly followed by India (X units), committing a 34% share of total exports. Pakistan (X units) took a little share of total exports.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +7.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, India ($X), China ($X) and Pakistan ($X) were the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

Pakistan, with a CAGR of +5.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, which is down by -22.5% against the previous year. Overall, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2014 when the export price increased by 14% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Pakistan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.7%), while the other leaders experienced mixed trends in the export price figures.

Bedspread Imports

Imports in Asia-Pacific

After two years of decline, purchases abroad of bedspreads (excluding eiderdowns) increased by 0.7% to X units in 2021. Total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 50% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, bedspread imports declined sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2015 with an increase of 38% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

India was the major importer of bedspreads (excluding eiderdowns) in Asia-Pacific, with the volume of imports accounting for X units, which was near 45% of total imports in 2021. Malaysia (X units) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by the Philippines (7.5%), Australia (6.4%), Thailand (5.3%) and South Korea (4.5%). China (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bedspread imports into India stood at +6.7%. At the same time, Malaysia (+20.5%), the Philippines (+13.7%), South Korea (+9.8%), China (+5.9%) and Thailand (+2.8%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +20.5% from 2012-2021. By contrast, Australia (-3.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, Malaysia, the Philippines and South Korea increased by +14, +12, +4.6 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported bedspreads (excluding eiderdowns) in Asia-Pacific, comprising 52% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 8.2% share of total imports. It was followed by Australia, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +3.6%. In the other countries, the average annual rates were as follows: Malaysia (+19.7% per year) and Australia (-1.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, shrinking by -19.6% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 8.5%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+9.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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