Latin America and the Caribbean: Blanket Market 2024

Blanket Market Size in Latin America and the Caribbean

In 2022, the Latin American blanket market increased by X% to $X, rising for the second consecutive year after two years of decline. 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 in certain years. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the immediate term.

Blanket Production in Latin America and the Caribbean

In value terms, blanket production reduced modestly to $X in 2022 estimated in export price. The total production indicated a prominent 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 decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Blanket Exports

Exports in Latin America and the Caribbean

Blanket exports rose rapidly to X units in 2022, picking up by X% on 2021 figures. The total export volume 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. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, blanket exports declined to $X in 2022. Over the period under review, exports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Paraguay was the major exporting country with an export of around X units, which accounted for X% of total exports. Mexico (X units) held the second position in the ranking, followed by Chile (X units) and Peru (X units). All these countries together took near X% share of total exports. Ecuador (X units), Guatemala (X units) and Honduras (X units) held a little share of total exports.

Paraguay was also the fastest-growing in terms of the blankets and traveling rugs (except electric blankets) exports, with a CAGR of X% from 2012 to 2022. At the same time, Guatemala (X%) and Honduras (X%) displayed positive paces of growth. By contrast, Mexico (X%), Chile (X%), Ecuador (X%) and Peru (X%) illustrated a downward trend over the same period. While the share of Paraguay (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ecuador (X p.p.), Mexico (X p.p.), Chile (X p.p.) and Peru (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Paraguay ($X) remains the largest blanket supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Paraguay amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

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

Blanket Imports

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in overseas purchases of blankets and traveling rugs (except electric blankets), which increased by X% to X units in 2022. The total import volume 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. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, blanket imports expanded significantly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of blanket imports in 2022 were Brazil (X units), Chile (X units) and Peru (X units), together accounting for X% of total import. It was distantly followed by Mexico (X units) and Colombia (X units), together mixing up a X% share of total imports. Paraguay (X units), Panama (X units), Guatemala (X units) and Argentina (X units) followed a long way behind the leaders.

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

In value terms, Brazil ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Mexico, Colombia, Argentina, Panama, Guatemala and Paraguay lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price showed a slight decline. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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