ASEAN: Blanket Market 2024

Blanket Market Size in ASEAN

The ASEAN blanket market reached $X in 2022, rising by X% against the previous year. The total consumption indicated a notable expansion 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Blanket Production in ASEAN

In value terms, blanket production shrank slightly to $X in 2022 estimated in export price. The total production indicated tangible growth 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 decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Blanket Exports

Exports in ASEAN

In 2022, after three years of growth, there was significant decline in overseas shipments of blankets and traveling rugs (except electric blankets), when their volume decreased by X% to X units. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, blanket exports dropped remarkably to $X in 2022. Total exports indicated moderate growth 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

In 2022, Vietnam (X units) was the key exporter of blankets and traveling rugs (except electric blankets), generating X% of total exports. Thailand (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Cambodia (X%). The following exporters - Indonesia (X units) and Malaysia (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest blanket supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Cambodia ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cambodia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, showed a slight decrease. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

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 Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Blanket Imports

Imports in ASEAN

In 2022, supplies from abroad of blankets and traveling rugs (except electric blankets) increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X%. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, blanket imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X units) and Indonesia (X units) represented roughly X% of total imports in 2022. It was distantly followed by Myanmar (X units), the Philippines (X units), Vietnam (X units), Malaysia (X units) and Singapore (X units), together generating a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest blanket importing markets in ASEAN were the Philippines ($X), Vietnam ($X) and Indonesia ($X), together accounting for X% of total imports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, stabilizing at the previous year. In general, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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