Belgium: Blanket Market 2024

Blanket Market Size in Belgium

The Belgian blanket market declined significantly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a deep slump. Blanket consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Blanket Production in Belgium

In value terms, blanket production skyrocketed to $X in 2022 estimated in export price. Overall, production showed a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Blanket Exports

Exports from Belgium

In 2022, after three years of growth, there was significant decline in shipments abroad of blankets and traveling rugs (except electric blankets), when their volume decreased by X% to X units. In general, exports, however, recorded temperate growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then fell remarkably in the following year.

In value terms, blanket exports dropped modestly to $X in 2022. Over the period under review, exports, however, enjoyed a modest increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then reduced modestly in the following year.

Exports by Country

France (X units), the Netherlands (X units) and Germany (X units) were the main destinations of blanket exports from Belgium, together comprising X% of total exports. Poland, Spain and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blanket exported from Belgium were France ($X), the Netherlands ($X) and Germany ($X), with a combined X% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of X%, recorded the highest growth rate of 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, with an increase of X% against the previous year. Overall, the export price, however, recorded a perceptible downturn. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

Blanket Imports

Imports into Belgium

In 2022, imports of blankets and traveling rugs (except electric blankets) into Belgium expanded slightly to X units, rising by X% against 2021 figures. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, blanket imports expanded modestly to $X in 2022. Overall, total imports indicated slight growth 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, imports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main blanket supplier to Belgium, accounting for a X% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. Germany (X units) ranked third in terms of total imports with a X% share.

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

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

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

Import Prices by Country

The average blanket import price stood at $X per unit in 2022, remaining stable against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

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

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

Source: IndexBox Platform

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