Global Blanket Market 2023

Blanket Market Size

The global blanket market amounted to $X in 2021, increasing by 5% against the previous year. The market value increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2021 and is likely to see gradual growth in the near future.

Blanket Production

In value terms, blanket production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 9.4% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, global production growth remained at a lower figure.

Blanket Exports

Exports

In 2021, the amount of blankets and traveling rugs (except electric blankets) exported worldwide surged to X units, with an increase of 17% against the previous year. The total export volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when exports increased by 32%. The global exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, blanket exports surged to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was near 81% of total exports in 2021. India (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to blanket exports from China stood at +3.5%. At the same time, India (+4.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +4.4% from 2012-2021. From 2012 to 2021, the share of China increased by +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest blanket supplier worldwide, comprising 74% of global exports. The second position in the ranking was held by India ($X), with a 3.8% share of global exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +3.3%.

Export Prices by Country

In 2021, the average blanket export price amounted to $X per unit, rising by 12% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 28% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was India ($X per unit), while China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.1%).

Blanket Imports

Imports

For the third consecutive year, the global market recorded growth in supplies from abroad of blankets and traveling rugs (except electric blankets), which increased by 18% to X units in 2021. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, blanket imports surged to $X in 2021. The total import value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importing country with an import of around X units, which finished at 38% of total imports. Germany (X units), the United Arab Emirates (X units), Canada (X units), the UK (X units), Japan (X units), the Netherlands (X units), Poland (X units), France (X units), Greece (X units), Australia (X units) and Spain (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to blanket imports into the United States stood at +13.3%. At the same time, Greece (+20.7%), Poland (+18.1%), the Netherlands (+13.9%), Canada (+11.6%), France (+7.5%), Germany (+7.0%), the UK (+6.9%) and Australia (+5.1%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the world, with a CAGR of +20.7% from 2012-2021. By contrast, the United Arab Emirates (-3.5%), Spain (-3.9%) and Japan (-4.2%) illustrated a downward trend over the same period. The United States (+19 p.p.) significantly strengthened its position in terms of the global imports, while Spain, Japan and the United Arab Emirates saw its share reduced by -1.8%, -2.9% and -4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported blankets and traveling rugs (except electric blankets) worldwide, comprising 36% of global imports. The second position in the ranking was held by Germany ($X), with a 4.5% share of global imports. It was followed by Japan, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +9.9%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+3.3% per year) and Japan (-4.1% per year).

Import Prices by Country

In 2021, the average blanket import price amounted to $X per unit, rising by 9.9% against the previous year. Over the period under review, the import price, however, continues to indicate a slight downturn. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+2.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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