Thailand: Blanket Market 2024

Blanket Market Size in Thailand

In 2022, the Thai blanket market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Blanket Production in Thailand

In value terms, blanket production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Blanket production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Blanket Exports

Exports from Thailand

In 2022, after two years of growth, there was significant decline in overseas shipments of blankets and traveling rugs (except electric blankets), when their volume decreased by X% to X units. Over the period under review, exports, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then reduced notably in the following year.

In value terms, blanket exports fell markedly to $X in 2022. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Chile (X units) and Cambodia (X units) were the main destinations of blanket exports from Thailand, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for blanket exported from Thailand were the United States ($X), Cambodia ($X) and Germany ($X), with a combined X% share of total exports. Chile, Poland, the UK, France, Spain, Lao People's Democratic Republic, Italy, Japan, Tanzania and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Chile, with a CAGR of X%, 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

In 2022, the average blanket export price amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, showed a deep reduction. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average 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 Cambodia ($X per unit), while the average price for exports to Tanzania ($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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Blanket Imports

Imports into Thailand

In 2022, purchases abroad of blankets and traveling rugs (except electric blankets) increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports showed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, blanket imports expanded rapidly to $X in 2022. Overall, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of blanket to Thailand, accounting for a X% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Thailand, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while the price for China ($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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