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Latest Report Update: Jan 16, 2023

U.S. - Blankets and Traveling Rugs (Except Electric Blankets) - Market Analysis, Forecast, Size, Trends and Insights

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U.S.: Blanket Market 2023

Blanket Market Size in the U.S.

The U.S. blanket market surged to $X in 2021, growing by 38% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Blanket Exports

Exports from the U.S.

In 2021, shipments abroad of blankets and traveling rugs (except electric blankets) increased by 9.8% to X units, rising for the fifth consecutive year after two years of decline. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, blanket exports totaled $X in 2021. The total export value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Canada (X units) was the main destination for blanket exports from the United States, accounting for a 57% share of total exports. Moreover, blanket exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The third position in this ranking was taken by the UK (X units), with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.3% per year) and the UK (+6.0% per year).

In value terms, Canada ($X) remains the key foreign market for blanket exports from the United States, comprising 63% of total exports. The second position in the ranking was taken by Mexico ($X), with a 6.8% share of total exports. It was followed by the UK, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.5% per year) and the UK (+4.8% per year).

Export Prices by Country

In 2021, the average blanket export price amounted to $X per unit, approximately mirroring the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 18% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.3%), while the prices for the other major destinations experienced a decline.

Blanket Imports

Imports into the U.S.

For the tenth year in a row, the United States recorded growth in overseas purchases of blankets and traveling rugs (except electric blankets), which increased by 27% to X units in 2021. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, blanket imports surged to $X in 2021. In general, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +133.1% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest blanket supplier to the United States, accounting for a 83% share of total imports. Moreover, blanket imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. The third position in this ranking was taken by Pakistan (X units), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.3% per year) and Pakistan (+8.2% per year).

In value terms, China ($X) constituted the largest supplier of blanket to the United States, comprising 81% of total imports. The second position in the ranking was taken by India ($X), with a 7.9% share of total imports. It was followed by Vietnam, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.8% per year) and Vietnam (+73.8% per year).

Import Prices by Country

The average blanket import price stood at $X per unit in 2021, growing by 11% against the previous year. Overall, the import price, however, recorded a pronounced slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for blankets and traveling rugs (except electric blankets) in the world?

The United States remains the largest blanket consuming country worldwide, comprising approx. 23% of total volume. Moreover, blanket consumption in the United States exceeded the figures recorded by the second-largest consumer, China, fourfold. The third position in this ranking was taken by India, with a 3.1% share.

What are the largest producers of blankets and traveling rugs (except electric blankets) in the world?

China constituted the country with the largest volume of blanket production, comprising approx. 57% of total volume. Moreover, blanket production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Pakistan ranked third in terms of total production with a 3% share.

What are the leading suppliers of blankets and traveling rugs (except electric blankets) to the U.S.?

In value terms, China constituted the largest supplier of blanket to the United States, comprising 81% of total imports. The second position in the ranking was taken by India, with a 7.9% share of total imports. It was followed by Vietnam, with a 2.7% share.

What are the leading importers of blankets and traveling rugs (except electric blankets) from the U.S.?

In value terms, Canada remains the key foreign market for blanket exports from the United States, comprising 63% of total exports. The second position in the ranking was held by Mexico, with a 6.8% share of total exports. It was followed by the UK, with a 5% share.

What is the average export price for blankets and traveling rugs (except electric blankets) in the U.S.?

In 2021, the average blanket export price amounted to $9.5 per unit, flattening at the previous year.

What is the average import price for blankets and traveling rugs (except electric blankets) in the U.S.?

The average blanket import price stood at $4.7 per unit in 2021, picking up by 11% against the previous year.

This report provides an in-depth analysis of the blanket market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

• Prodcom 13921130 - Blankets and travelling rugs of wool or fine animal hair (excluding electric blankets)

• Prodcom 13921150 - Blankets and travelling rugs of synthetic fibres (excluding electric blankets)

• Prodcom 13921190 - Blankets (excluding electric blankets) and travelling rugs of textile materials (excluding of wool or fine animal hair, of synthetic fibres)

Country coverage:

• United States

Data coverage:

• Market volume and value

• Per Capita consumption

• Forecast of the market dynamics in the medium term

• Trade (exports and imports) in the U.S.

• Export and import prices

• Market trends, drivers and restraints

• Key market players and their profiles

Reasons to buy this report:

• Take advantage of the latest data

• Find deeper insights into current market developments

• Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance