Global Blanket Market 2024

Blanket Market Size

The global blanket market shrank modestly to $X in 2022, almost unchanged from the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Blanket Production

In value terms, blanket production reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Blanket Exports

Exports

In 2022, the amount of blankets and traveling rugs (except electric blankets) exported worldwide surged to X units, increasing by X% compared with 2021. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 with an increase of X%. The global exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, blanket exports reached $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

China dominates exports structure, resulting at X units, which was near X% of total exports in 2022. The following exporters - India (X units) and the Netherlands (X units) - each amounted to a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to blanket exports from China stood at X%. At the same time, the Netherlands (X%) and India (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average blanket export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The global export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other global leaders experienced a decline in the export price figures.

Blanket Imports

Imports

In 2022, overseas purchases of blankets and traveling rugs (except electric blankets) increased by X% to X units, rising for the third year in a row after two years of decline. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, blanket imports amounted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States represented the major importer of blankets and traveling rugs (except electric blankets) in the world, with the volume of imports recording X units, which was approx. X% of total imports in 2022. The Netherlands (X units), the United Arab Emirates (X units), Germany (X units), Japan (X units), the UK (X units), Canada (X units), Thailand (X units), Iraq (X units), France (X units) and Australia (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%), Thailand (X%), Canada (X%), Australia (X%), the UK (X%), France (X%) and Germany (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Iraq (X%), Japan (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Iraq (X p.p.), Japan (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in the United States stood at X%. In the other countries, the average annual rates were as follows: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

In 2022, the average blanket import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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