Turkey: Blanket Market 2024

Blanket Market Size in Turkey

In 2022, the Turkish blanket market decreased by X% to $X, falling for the third year in a row after eight years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Blanket consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Blanket Production in Turkey

In value terms, blanket production shrank rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Blanket Exports

Exports from Turkey

Blanket exports from Turkey soared to X units in 2022, picking up by X% compared with the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, blanket exports soared to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Iraq (X units) and the Netherlands (X units) were the main destinations of blanket exports from Turkey, with a combined X% share of total exports. The UK, Libya, Egypt, Israel, Bulgaria, Denmark, Algeria, Serbia, Greece and France lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Turkey, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Iraq (X% per year).

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, saw a mild downturn. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while the average price for exports to Denmark ($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 France (X%), while the prices for the other major destinations experienced a decline.

Blanket Imports

Imports into Turkey

In 2022, overseas purchases of blankets and traveling rugs (except electric blankets) decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a mild increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, blanket imports dropped slightly to $X in 2022. In general, imports saw a pronounced curtailment. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Pakistan (X units) was the main blanket supplier to Turkey, with a X% share of total imports. Moreover, blanket imports from Pakistan exceeded the figures recorded by the second-largest supplier, Egypt (X units), sevenfold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Pakistan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (X% per year) and China (X% per year).

In value terms, Pakistan ($X) constituted the largest supplier of blankets and traveling rugs (except electric blankets) to Turkey, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Egypt, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Pakistan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Egypt (X% per year).

Import Prices by Country

The average blanket import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price, however, saw a abrupt setback. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Pakistan ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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