Global Bedspread Market 2022

Bedspread Market Size

The global bedspread market totaled $X in 2021, surging by 3.5% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the market value increased by 6.1%. Global consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Bedspread Production

In value terms, bedspread production rose slightly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 7.1%. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bedspread Exports

Exports

In 2021, the amount of bedspreads (excluding eiderdowns) exported worldwide stood at X units, surging by 15% compared with the previous year. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 38%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the global exports remained at a lower figure.

In value terms, bedspread exports fell to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

In 2021, China (X units) was the key exporter of bedspreads (excluding eiderdowns), achieving 54% of total exports. India (X units) held a 30% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (5%). Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +11.8%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, India ($X), China ($X) and Pakistan ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 84% share of global exports. These countries were followed by Turkey, which accounted for a further 4%.

Turkey, with a CAGR of +6.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average bedspread export price amounted to $X per unit, waning by -19.7% against the previous year. Overall, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+4.7%), while the other global leaders experienced mixed trends in the export price figures.

Bedspread Imports

Imports

After two years of decline, supplies from abroad of bedspreads (excluding eiderdowns) increased by 8.8% to X units in 2021. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 11%. Global imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, bedspread imports contracted modestly to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 9% against the previous year. Over the period under review, global imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The United States was the main importer of bedspreads (excluding eiderdowns) in the world, with the volume of imports amounting to X units, which was approx. 24% of total imports in 2021. It was distantly followed by India (X units), generating a 7.6% share of total imports. The following importers - 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) - together made up 30% of total imports.

Imports into the United States increased at an average annual rate of +6.9% from 2012 to 2021. 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 ($X) constitutes the largest market for imported bedspreads (excluding eiderdowns) worldwide, comprising 25% of global imports. The second position in the ranking was held by India ($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 rate of growth in terms of value in the United States stood at +6.6%. In the other countries, the average annual rates were as follows: India (+3.6% per year) and Germany (-0.9% per year).

Import Prices by Country

The average bedspread import price stood at $X per unit in 2021, dropping by -10.2% against the previous year. Overall, the import price continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 5.8%. Global import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per unit), while Kenya ($X per unit) 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 global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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