Puerto Rico: Bedspread Market 2022

Bedspread Market Size in Puerto Rico

The Puerto Rican bedspread market was finally on the rise to reach $X in 2021, after two years of decline. In general, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.3% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Bedspread Production in Puerto Rico

In value terms, bedspread production expanded notably to $X in 2021 estimated in export price. In general, production saw a pronounced expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 60% against the previous year. Puerto Rico production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Bedspread Exports

Exports by Country

China was the main exporting country with an export of about X units, which finished at 54% of total exports. India (X units) ranks second in terms of the total exports with a 30% share, followed by Turkey (5%). Pakistan (X units) and Portugal (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +11.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest bedspread supplying countries from Puerto Rico were India ($X), China ($X) and Pakistan ($X), with a combined 84% share of total exports. Turkey and Portugal lagged somewhat behind, together comprising a further 6.3%.

In terms of the main exporting countries, Turkey, with a CAGR of +6.7%, recorded the highest rates of growth with regard to 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 export price in Puerto Rico stood at less than $X per thousand units in 2021, approximately mirroring the previous year. Overall, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Portugal ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+7.0%), while the other leaders experienced more modest paces of growth.

Bedspread Imports

Imports by Country

In 2021, the United States (X units) was the major importer of bedspreads (excluding eiderdowns), mixing up 24% of total imports. It was distantly followed by India (X units), comprising a 7.6% share of total imports. Spain (X units), the UK (X units), France (X units), Kenya (X units), Germany (X units), Malaysia (X units), Italy (X units), Russia (X units), Greece (X units), Belarus (X units) and Poland (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bedspread imports into the United States stood at +6.9%. At the same time, Belarus (+38.8%), Kenya (+28.0%), Greece (+25.6%), Malaysia (+20.5%), India (+6.7%), Poland (+5.8%) and Spain (+4.4%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the world, with a CAGR of +38.8% from 2012-2021. France and Italy experienced a relatively flat trend pattern. By contrast, the UK (-1.7%), Germany (-2.7%) and Russia (-13.9%) illustrated a downward trend over the same period. The United States (+7.6 p.p.), Kenya (+2.4 p.p.), India (+2.3 p.p.), Malaysia (+2 p.p.), Greece (+1.8 p.p.) and Belarus (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while the UK, Germany and Russia saw its share reduced by -1.5%, -1.6% and -9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported bedspreads (excluding eiderdowns) into Puerto Rico, comprising 25% of global imports. The second position in the ranking was held by India ($X), with an 8.4% share of global imports. It was followed by Germany, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +6.6%. The remaining importing countries recorded the following average annual rates of imports growth: India (+3.6% per year) and Germany (-0.9% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per thousand units), while Kenya ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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