Bedspread Market

The article discusses the anticipated growth in the global bedspread market from 2022 to 2030, with insights into consumption trends, production volumes, import and export analysis. Key points include a forecasted increase in market volume to 2.4B units by 2030, alongside a rise in market value to $34.4B. Trends in consumption, production, import and export prices, and key market players are also highlighted throughout the article.

Market Forecast

Driven by rising demand for bedspread worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.5% for the period from 2022 to 2030, which is projected to bring the market volume to 2.4B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market value to $34.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Bedspreads (Excluding Eiderdowns)

In 2022, global consumption of bedspreads (excluding eiderdowns) dropped modestly to 2.3B units, with a decrease of -2.8% against the previous year. Overall, consumption continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 when the consumption volume increased by 6.1% against the previous year. Over the period under review, global consumption attained the peak volume at 2.8B units in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

The global bedspread market revenue reduced to $27.9B in 2022, which is down by -9.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a perceptible curtailment. Over the period under review, the global market reached the maximum level at $38B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (356M units), the United States (312M units) and India (188M units), with a combined 38% share of global consumption. Japan, Russia, Pakistan, Brazil, Indonesia, Bangladesh, Romania, Mexico and Ethiopia lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +5.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($6.2B), the United States ($3.8B) and India ($2B) appeared to be the countries with the highest levels of market value in 2022, with a combined 43% share of the global market. China, Pakistan, Russia, Romania, Indonesia, Brazil, Bangladesh, Mexico and Ethiopia lagged somewhat behind, together comprising a further 20%.

Pakistan, with a CAGR of +6.0%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of bedspread per capita consumption was registered in Romania (2,823 units per 1000 persons), followed by the United States (932 units per 1000 persons), Japan (588 units per 1000 persons) and Russia (490 units per 1000 persons), while the world average per capita consumption of bedspread was estimated at 288 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the bedspread per capita consumption in Romania amounted to +4.4%. In the other countries, the average annual rates were as follows: the United States (-10.5% per year) and Japan (-2.5% per year).

Production

World Production of Bedspreads (Excluding Eiderdowns)

In 2022, approx. 2.4B units of bedspreads (excluding eiderdowns) were produced worldwide; waning by -2.1% against the previous year. Overall, production recorded a slight decline. The pace of growth appeared the most rapid in 2019 with an increase of 6.7%. Over the period under review, global production attained the maximum volume at 2.9B units in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, bedspread production declined to $30.7B in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 20%. As a result, production reached the peak level of $45.5B. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (482M units), the United States (290M units) and India (232M units), with a combined 42% share of global production. Japan, Pakistan, Russia, Brazil, Indonesia, Bangladesh, Romania and Mexico lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +5.7%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Bedspreads (Excluding Eiderdowns)

In 2022, approx. 85M units of bedspreads (excluding eiderdowns) were imported worldwide; reducing by -8% on 2021 figures. In general, imports, however, showed a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 90%. As a result, imports attained the peak of 169M units. From 2021 to 2022, the growth of global imports remained at a lower figure.

In value terms, bedspread imports reduced slightly to $546M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 10%. Over the period under review, global imports reached the maximum at $606M in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (23M units) represented the major importer of bedspreads (excluding eiderdowns), mixing up 27% of total imports. Spain (6M units) ranks second in terms of the total imports with a 7% share, followed by India (5.9%). The following importers - Germany (3.1M units), Greece (2.6M units), France (2.5M units), Malaysia (2.4M units), Chile (2.3M units), the UK (2.1M units), Italy (2.1M units), Poland (1.8M units), the United Arab Emirates (1.6M units) and Kenya (1.5M units) - together made up 26% of total imports.

From 2012 to 2022, average annual rates of growth with regard to bedspread imports into the United States stood at +6.9%. At the same time, Chile (+26.9%), Kenya (+24.2%), Malaysia (+17.5%), Greece (+9.8%), Spain (+8.5%), Poland (+6.9%), India (+2.9%) and the United Arab Emirates (+1.3%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +26.9% from 2012-2022. Germany, Italy and France experienced a relatively flat trend pattern. By contrast, the UK (-4.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Spain, Chile, Malaysia, Greece and Kenya increased by +9.4, +3.1, +2.4, +2.1, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($146M) constitutes the largest market for imported bedspreads (excluding eiderdowns) worldwide, comprising 27% of global imports. The second position in the ranking was held by India ($41M), with a 7.5% share of global imports. It was followed by Germany, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +6.6%. In the other countries, the average annual rates were as follows: India (+2.0% per year) and Germany (+0.6% per year).

Import Prices By Country

In 2022, the average bedspread import price amounted to $6.4 per unit, with an increase of 5.7% against the previous year. Overall, the import price, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 98%. Global import price peaked at $7.8 per unit in 2012; however, from 2013 to 2022, 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 Germany ($10 per unit), while Kenya ($1.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+3.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Bedspreads (Excluding Eiderdowns)

Global bedspread exports was estimated at 209M units in 2022, increasing by 2.3% compared with the previous year. The total export volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 38%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, bedspread exports reduced rapidly to $1.2B in 2022. Overall, exports, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $1.8B. From 2014 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports By Country

In 2022, China (127M units) represented the main exporter of bedspreads (excluding eiderdowns), mixing up 61% of total exports. India (50M units) ranks second in terms of the total exports with a 24% share, followed by Turkey (4.7%). Pakistan (8.6M units) took a little share of total exports.

Exports from China increased at an average annual rate of +8.9% from 2012 to 2022. At the same time, Turkey (+11.1%) and Pakistan (+8.2%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.1% from 2012-2022. By contrast, India (-2.2%) illustrated a downward trend over the same period. While the share of China (+24 p.p.) and Turkey (+2.3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of India (-19 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($478M), China ($403M) and Turkey ($61M) were the countries with the highest levels of exports in 2022, together accounting for 81% of global exports.

In terms of the main exporting countries, Turkey, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices By Country

The average bedspread export price stood at $5.6 per unit in 2022, reducing by -19.9% against the previous year. In general, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2014 an increase of 14%. As a result, the export price attained the peak level of $10 per unit. From 2015 to 2022, the average export prices remained 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 ($9.6 per unit), while China ($3.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.2%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform