Report China - Blankets and Traveling Rugs (Except Electric Blankets) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 16, 2023

China - Blankets and Traveling Rugs (Except Electric Blankets) - Market Analysis, Forecast, Size, Trends and Insights

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China: Blanket Market 2023

Blanket Market Size in China

In 2021, after five years of growth, there was significant decline in the Chinese blanket market, when its value decreased by -46.8% to $X. Overall, consumption recorded a noticeable contraction. Blanket consumption peaked at $X in 2020, and then fell rapidly in the following year.

Blanket Production in China

In value terms, blanket production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 14%. Blanket production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Blanket Exports

Exports from China

In 2021, exports of blankets and traveling rugs (except electric blankets) from China surged to X units, increasing by 17% against 2020. The total export volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 43%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, blanket exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for blanket exports from China, with a 37% share of total exports. Moreover, blanket exports to the United States exceeded the volume sent to the second major destination, Japan (X units), ninefold. The third position in this ranking was held by the UK (X units), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+2.6% per year) and the UK (+12.4% per year).

In value terms, the United States ($X) remains the key foreign market for blanket exports from China, comprising 38% of total exports. The second position in the ranking was held by Japan ($X), with a 4.5% share of total exports. It was followed by the UK, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-0.9% per year) and the UK (+9.5% per year).

Export Prices by Country

The average blanket export price stood at $X per unit in 2021, growing by 12% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 39%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+2.0%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into China

In 2021, overseas purchases of blankets and traveling rugs (except electric blankets) increased by 8.6% to X units for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.1% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 30%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, blanket imports soared to $X in 2021. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 39% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

India (X units), the United Arab Emirates (X units) and Vietnam (X units) were the main suppliers of blanket imports to China, together accounting for 85% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +55.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest blanket suppliers to China were the UK ($X), Italy ($X) and India ($X), with a combined 78% share of total imports.

The UK, with a CAGR of +46.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average blanket import price stood at $X per unit in 2021, with an increase of 16% against the previous year. Overall, the import price posted a pronounced increase. The most prominent rate of growth was recorded in 2018 an increase of 48%. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for blankets and traveling rugs (except electric blankets) in the world?
+
The United States constituted the country with the largest volume of blanket consumption, comprising approx. 23% of total volume. Moreover, blanket consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fourfold. India ranked third in terms of total consumption with a 3.1% share.
What are the largest producers of blankets and traveling rugs (except electric blankets) in the world?
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The country with the largest volume of blanket production was China, comprising approx. 57% of total volume. Moreover, blanket production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Pakistan ranked third in terms of total production with a 3% share.
What are the leading suppliers of blankets and traveling rugs (except electric blankets) to China?
+
In value terms, the largest blanket suppliers to China were the UK, Italy and India, with a combined 78% share of total imports.
What are the leading importers of blankets and traveling rugs (except electric blankets) from China?
+
In value terms, the United States remains the key foreign market for blanket exports from China, comprising 38% of total exports. The second position in the ranking was held by Japan, with a 4.5% share of total exports. It was followed by the UK, with a 3.9% share.
What is the average export price for blankets and traveling rugs (except electric blankets) in China?
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In 2021, the average blanket export price amounted to $5.1 per unit, increasing by 12% against the previous year.
What is the average import price for blankets and traveling rugs (except electric blankets) in China?
+
In 2021, the average blanket import price amounted to $26 per unit, jumping by 16% against the previous year.

This report provides an in-depth analysis of the blanket market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 13921130 - Blankets and travelling rugs of wool or fine animal hair (excluding electric blankets)
• Prodcom 13921150 - Blankets and travelling rugs of synthetic fibres (excluding electric blankets)
• Prodcom 13921190 - Blankets (excluding electric blankets) and travelling rugs of textile materials (excluding of wool or fine animal hair, of synthetic fibres)
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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