Report Update Apr 1, 2024

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

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Cuba: Blanket Market 2024

Blanket Market Size in Cuba

The Cuban blanket market soared to $X in 2021, growing by 16% against the previous year. In general, consumption showed a relatively flat trend pattern. Blanket consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Blanket Production in Cuba

In value terms, blanket production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild downturn. Blanket production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Blanket Exports

Exports from Cuba

Blanket exports from Cuba was estimated at X units in 2021, leveling off at 2020 figures. Overall, exports saw a precipitous slump. The smallest decline of 99.9% was in 2018. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, blanket exports totaled $X in 2021. Over the period under review, exports continue to indicate a abrupt curtailment. The smallest decline of 99.9% was in 2018. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Georgia (X units) was the main destination for blanket exports from Cuba, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Georgia was relatively modest.

From 2012 to 2021, the average annual growth rate of value to Georgia was relatively modest.

Export Prices by Country

In 2021, the average blanket export price amounted to $X per unit, standing approx. at the previous year. Overall, the export price recorded modest growth. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Georgia.

From 2012 to 2021, the rate of growth in terms of prices for Costa Rica amounted to 0.0% per year.

Blanket Imports

Imports into Cuba

For the seventh year in a row, Cuba recorded decline in overseas purchases of blankets and traveling rugs (except electric blankets), which decreased by -7.7% to X units in 2021. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2014 with an increase of 171% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, blanket imports shrank remarkably to $X in 2021. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 217%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of blanket to Cuba, accounting for a 50% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, Peru (X units), threefold. Indonesia (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+30.1% per year) and Indonesia (-8.8% per year).

In value terms, China ($X), Spain ($X) and Panama ($X) constituted the largest blanket suppliers to Cuba, with a combined 81% share of total imports. These countries were followed by Peru, Mexico, Indonesia and Canada, which together accounted for a further 19%.

Among the main suppliers, Peru, with a CAGR of +22.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average blanket import price amounted to $X per unit, which is down by -26.4% against the previous year. Over the period under review, the import price, however, enjoyed noticeable growth. The growth pace was the most rapid in 2019 an increase of 110% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for blankets and traveling rugs (except electric blankets) in the world?

The United States remains the largest blanket consuming country worldwide, 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?

The country with the largest volume of blanket production was China, accounting for 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 Cuba?

In value terms, China, Spain and Panama appeared to be the largest blanket suppliers to Cuba, with a combined 81% share of total imports. Peru, Mexico, Indonesia and Canada lagged somewhat behind, together comprising a further 19%.

What is the average export price for blankets and traveling rugs (except electric blankets) in Cuba?

In 2021, the average blanket export price amounted to $21 per unit, standing approx. at the previous year.

What is the average import price for blankets and traveling rugs (except electric blankets) in Cuba?

The average blanket import price stood at $9.5 per unit in 2021, waning by -26.4% against the previous year.

This report provides an in-depth analysis of the blanket market in Cuba. 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:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023