Price for Blankets and Travelling Rugs in India - 2023

Price for Blankets and Travelling Rugs in India (FOB) - 2023

In September 2023, the average blankets and travelling rugs export price amounted to $19.5 per unit, almost unchanged from the previous month. Over the period under review, the export price enjoyed measured growth. The growth pace was the most rapid in December 2022 an increase of 114% month-to-month. The export price peaked at $25.5 per unit in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Yemen ($15.1 per unit), while the average price for exports to Canada ($5.7 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Blankets and Travelling Rugs in India (CIF) - 2023

The average blankets and travelling rugs import price stood at $6.2 per unit in September 2023, flattening at the previous month. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 4,546% against the previous month. As a result, import price attained the peak level of $293 per unit. From November 2022 to September 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Malaysia ($7.8 per unit), while the price for China stood at $6.1 per unit.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.9%).

Exports of Blankets and Travelling Rugs in India

In 2022, blankets and travelling rugs exports from India reached 13M units, with an increase of 5.4% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at 14M units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, blankets and travelling rugs exports amounted to $208M in 2022. The total export value increased at an average annual rate of +9.6% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Blankets and Travelling Rugs in India (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	101	98.7	126	130	8.8%
Germany	5.9	6.3	7.6	7.8	9.8%
United Kingdom	4.5	4.7	7.0	7.2	17.0%
United Arab Emirates	4.8	3.5	6.0	6.2	8.9%
Nepal	1.7	3.1	4.6	4.8	41.3%
Australia	2.6	3.5	3.6	3.7	12.5%
Myanmar	N/A	0.1	0.3	0.3	73.2%
Others	37.7	34.3	45.6	48.6	8.8%
Total	158	154	200	208	9.6%

Top Export Markets for Blankets and Travelling Rugs from India in 2022:

United States (7.4M units)
United Arab Emirates (1.1M units)
United Kingdom (0.4M units)
Germany (0.4M units)
Myanmar (0.3M units)
Nepal (0.3M units)
Australia (0.2M units)

Imports of Blankets and Travelling Rugs in India

In 2022, approx. 5.2M units of blankets and travelling rugses were imported into India; declining by -6.8% against 2021 figures. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 16%. Imports peaked at 7.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, blankets and travelling rugs imports shrank rapidly to $30M in 2022. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs at $48M in 2019; however, from 2020 to 2022, imports remained at a lower figure.