Overview of the Global Market for Blankets And Travelling Rugs Of Synthetic Fibres

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres

The global market for blankets and travelling rugs of synthetic fibres reached $X in 2021, surging by 1.6% against the previous year. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Blankets And Travelling Rugs Of Synthetic Fibres

In value terms, travelling rugs of synthetic fibre production reduced modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by 6.9% against the previous year. Over the period under review, global production hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports

In 2021, the amount of blankets and travelling rugs of synthetic fibres exported worldwide soared to X units, rising by 16% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 37%. Over the period under review, the global exports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, travelling rugs of synthetic fibre exports surged to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) represented roughly 87% of total exports in 2021.

China was also the fastest-growing in terms of the blankets and travelling rugs of synthetic fibres exports, with a CAGR of +4.1% from 2012 to 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) also remains the largest travelling rugs of synthetic fibre supplier worldwide.

In China, travelling rugs of synthetic fibre exports expanded at an average annual rate of +4.2% over the period from 2012-2021.

Export Prices by Country

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2021, growing by 11% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 34%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.2% per year.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports

For the third year in a row, the global market recorded growth in purchases abroad of blankets and travelling rugs of synthetic fibres, which increased by 18% to X units in 2021. The total import volume increased at an average annual rate of +5.6% 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, travelling rugs of synthetic fibre imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X units) was the largest importer of blankets and travelling rugs of synthetic fibres, mixing up 38% of total imports. The following importers - Germany (X units), the United Arab Emirates (X units), Canada (X units), Japan (X units), Poland (X units), France (X units), the Netherlands (X units), the UK (X units), Greece (X units), Brazil (X units), Vietnam (X units) and Indonesia (X units) - together made up 29% of total imports.

From 2012 to 2021, average annual rates of growth with regard to travelling rugs of synthetic fibre imports into the United States stood at +14.3%. At the same time, Greece (+22.2%), Poland (+17.6%), Indonesia (+15.9%), the Netherlands (+14.2%), Vietnam (+11.7%), Canada (+10.4%), the UK (+7.6%), France (+7.1%), Germany (+6.7%) and Brazil (+5.6%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in the world, with a CAGR of +22.2% from 2012-2021. By contrast, the United Arab Emirates (-3.7%) and Japan (-3.7%) illustrated a downward trend over the same period. The United States (+20 p.p.) significantly strengthened its position in terms of the global imports, while Japan and the United Arab Emirates saw its share reduced by -3.1% and -5.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported blankets and travelling rugs of synthetic fibres worldwide, comprising 38% of global imports. The second position in the ranking was taken by Japan ($X), with a 4.3% share of global imports. It was followed by Germany, with a 4.2% share.

In the United States, travelling rugs of synthetic fibre imports expanded at an average annual rate of +11.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-3.3% per year) and Germany (+2.1% 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, with an increase of 9.5% against the previous year. In general, the import price, however, showed a slight decrease. Global import price peaked 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 Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.0%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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