MENA: Blanket Market 2024

Blanket Market Size in MENA

In 2022, the MENA's blanket market decreased by X% to $X, falling for the third consecutive year after four years of growth. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Blanket Production in MENA

In value terms, blanket production shrank notably to $X in 2022 estimated in export price. In general, production saw a modest expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Blanket Exports

Exports in MENA

In 2022, approx. X units of blankets and traveling rugs (except electric blankets) were exported in MENA; surging by X% against the previous year. In general, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, blanket exports rose notably to $X in 2022. Over the period under review, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X units) was the largest exporter of blankets and traveling rugs (except electric blankets), committing X% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with an X% share, followed by Morocco (X%). Egypt (X units) took a little share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Egypt (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) and Morocco (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Egypt (X p.p.) significantly strengthened its position in terms of the total exports, while Morocco and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest blanket supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

In Turkey, blanket exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, remaining stable against the previous year. In general, the export price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Blanket Imports

Imports in MENA

In 2022, purchases abroad of blankets and traveling rugs (except electric blankets) increased by X% to X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, blanket imports shrank to $X in 2022. Overall, imports, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Iraq (X units), Yemen (X units), Libya (X units), Algeria (X units), Oman (X units), Qatar (X units) and Israel (X units) represented the main importers of blankets and traveling rugs (except electric blankets), together making up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported blankets and traveling rugs (except electric blankets) in MENA, comprising X% of total imports. The second position in the ranking was held by Iraq ($X), with a X% share of total imports. It was followed by Libya, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (X% per year) and Libya (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a mild decline. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Yemen (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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