Indonesia: Blanket Market 2024

Blanket Market Size in Indonesia

In 2022, the Indonesian blanket market increased by X% to $X, rising for the seventh consecutive year after two years of decline. Over the period under review, the total consumption indicated a prominent 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 increased by X% against 2015 indices. Blanket consumption peaked in 2022 and is expected to retain growth in the immediate term.

Blanket Production in Indonesia

In value terms, blanket production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a modest 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Blanket Exports

Exports from Indonesia

In 2022, the amount of blankets and traveling rugs (except electric blankets) exported from Indonesia contracted remarkably to X units, declining by X% compared with the previous year's figure. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, blanket exports shrank significantly to $X in 2022. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for blanket exports from Indonesia, with a X% share of total exports. Moreover, blanket exports to the United States exceeded the volume sent to the second major destination, Japan (X units), twofold. Singapore (X units) ranked third in terms of total exports with an 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: Japan (X% per year) and Singapore (X% per year).

In value terms, the United States ($X), Japan ($X) and Singapore ($X) constituted the largest markets for blanket exported from Indonesia worldwide, together comprising X% of total exports. Kenya, Somalia, Hong Kong SAR and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of X%, saw 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

The average blanket export price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Blanket Imports

Imports into Indonesia

In 2022, purchases abroad of blankets and traveling rugs (except electric blankets) increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports saw a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, blanket imports rose significantly to $X in 2022. In general, imports posted a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

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

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

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

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

Import Prices by Country

In 2022, the average blanket import price amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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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