Bangladesh: Blanket Market 2024

Blanket Market Size in Bangladesh

The Bangladeshi blanket market rose modestly to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Blanket Production in Bangladesh

In value terms, blanket production rose modestly to $X in 2022 estimated in export price. In general, production posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Blanket production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Blanket Exports

Exports from Bangladesh

In 2022, approx. X units of blankets and traveling rugs (except electric blankets) were exported from Bangladesh; waning by X% on the previous year. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced markedly in the following year.

In value terms, blanket exports declined rapidly to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Canada (X units), the United States (X units) and Germany (X units) were the main destinations of blanket exports from Bangladesh, with a combined X% share of total exports. The UK, Spain, Poland, Australia, Sweden, Singapore, France, the Netherlands and Italy lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blanket exported from Bangladesh were the United States ($X), Canada ($X) and Germany ($X), together comprising X% of total exports. Poland, the UK, Sweden, Spain, Australia, France, Italy, Singapore and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average blanket export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price posted a mild increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained 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 Poland ($X per unit), while the average price for exports to the Netherlands ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Bangladesh

In 2022, the amount of blankets and traveling rugs (except electric blankets) imported into Bangladesh fell to X units, waning by X% on 2021 figures. Overall, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, blanket imports dropped to $X in 2022. In general, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest blanket supplier to Bangladesh, accounting for a X% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. India (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Bangladesh, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Spain (X% per year).

Import Prices by Country

The average blanket import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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