Iran: Blanket Market 2024

Blanket Market Size in Iran

In 2022, the Iranian blanket market decreased by X% to $X, falling for the seventh consecutive year after two years of growth. In general, consumption, however, continues to indicate a mild slump. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Blanket Production in Iran

In value terms, blanket production rose markedly to $X in 2022 estimated in export price. Overall, production recorded modest growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Blanket Exports

Exports from Iran

In 2022, the amount of blankets and traveling rugs (except electric blankets) exported from Iran dropped remarkably to X units, reducing by X% on the year before. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, blanket exports declined markedly to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Azerbaijan (X units) was the main destination for blanket exports from Iran, with a X% share of total exports. Moreover, blanket exports to Azerbaijan exceeded the volume sent to the second major destination, Germany (X units), twofold. Pakistan (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Azerbaijan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Pakistan (X% per year).

In value terms, Azerbaijan ($X), Germany ($X) and Pakistan ($X) appeared to be the largest markets for blanket exported from Iran worldwide, together comprising X% of total exports. Austria, Kazakhstan, the United Arab Emirates and Oman lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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, remaining stable against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

Blanket Imports

Imports into Iran

In 2022, supplies from abroad of blankets and traveling rugs (except electric blankets) was finally on the rise to reach X units after five years of decline. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, blanket imports declined slightly to $X in 2022. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Oman (X units) were the main suppliers of blanket imports to Iran.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest blanket suppliers to Iran were China ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total imports.

Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average blanket import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price saw a noticeable reduction. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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