U.S.: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2023

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in the U.S.

The U.S. market for blankets and travelling rugs of synthetic fibres skyrocketed to $X in 2021, with an increase of 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 saw a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from the U.S.

In 2021, overseas shipments of blankets and travelling rugs of synthetic fibres increased by 2.6% to X units, rising for the fifth consecutive year after two years of decline. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +83.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 27% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, travelling rugs of synthetic fibre exports shrank to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -2.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for travelling rugs of synthetic fibre exports from the United States, with a 60% share of total exports. Moreover, travelling rugs of synthetic fibre exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+14.2% per year) and the UK (+2.5% per year).

In value terms, Canada ($X) remains the key foreign market for travelling rugs of synthetic fibre exports from the United States, comprising 71% of total exports. The second position in the ranking was held by Mexico ($X), with a 6.8% share of total exports. It was followed by the UK, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to Canada stood at +8.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.4% per year) and the UK (+1.8% per year).

Export Prices by Country

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2021, declining by -3.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Germany ($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 China (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into the U.S.

In 2021, the amount of blankets and travelling rugs of synthetic fibres imported into the United States surged to X units, with an increase of 29% against 2020 figures. Overall, imports enjoyed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, travelling rugs of synthetic fibre imports skyrocketed to $X in 2021. In general, imports recorded a strong expansion. 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) was the main travelling rugs of synthetic fibre supplier to the United States, with a 93% share of total imports. It was followed by India (X units), with a 2.6% share of total imports. Vietnam (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+21.3% per year) and Vietnam (+89.7% per year).

In value terms, China ($X) constituted the largest supplier of travelling rugs of synthetic fibre to the United States, comprising 92% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 3.3% share of total imports. It was followed by India, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+83.0% per year) and India (+16.1% per year).

Import Prices by Country

The average import price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2021, rising by 10% against the previous year. In general, the import price, however, showed a perceptible decline. Over the period under review, average import prices reached the peak figure 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 ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (-1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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