India: Blanket Market 2024

Blanket Market Size in India

In 2022, the Indian blanket market decreased by X% to $X, falling for the second year in a row after nine years of growth. Overall, consumption, however, showed a remarkable increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Blanket Production in India

In value terms, blanket production rose to $X in 2022 estimated in export price. In general, production enjoyed a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Blanket production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Blanket Exports

Exports from India

In 2022, shipments abroad of blankets and traveling rugs (except electric blankets) increased by X% to X units, rising for the third consecutive year after three years of decline. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, blanket exports skyrocketed to $X in 2022. In general, total exports indicated prominent 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for blanket exports from India, accounting for a X% share of total exports. Moreover, blanket exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sixfold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from India, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

The average blanket export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, export price indicated a mild increase from 2012 to 2022: its price 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, blanket export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Myanmar ($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 United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into India

In 2022, blanket imports into India reduced dramatically to X units, falling by X% against the previous year's figure. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, blanket imports shrank notably to $X in 2022. Overall, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of blanket to India, with a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to India.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

The average blanket import price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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