Top Importers (2016-22) for Blankets and Travelling Rugs (HS Code 6301)

Global Import Growth Rate (2016-22) for Blankets and Travelling Rugs (HS Code 6301)

Global Market Share of Importers of Blankets and Travelling Rugs for Year 2022 (HS CODE 6301)

Overview:

The global import market for blankets and travelling rugs (HS CODE 6301) has shown substantial growth from 2016 to 2022, with a growth rate of 6.5%. The total import value increased from $3,500.1 million in 2016 to $5,114.8 million in 2022. This upward trend reflects a strong and increasing demand for these textile products across the world. Despite fluctuations, particularly a dip in 2020 likely due to the pandemic, the market rebounded swiftly, demonstrating resilience and a robust recovery in subsequent years. The continuous growth underscores the importance and popularity of these products in the global market.

United States of America: With an impressive growth rate of 10.9%, the USA stands out as the top importer, seeing a significant increase from $1,087.7 million in 2016 to $2,019.3 million in 2022. This growth highlights the country’s strong demand for these textile products.

Japan: Japan’s import growth rate is 3.5%, reflecting a steady rise in imports from $198.6 million in 2016 to $243.7 million in 2022. The country’s market remains stable and consistent, indicating a continuous demand for high-quality blankets and travelling rugs.

Germany: Germany shows a growth rate of 6.1%, with imports rising from $165.1 million in 2016 to $234.9 million in 2022. The consistent growth underscores the strong demand and expanding market for blankets and travelling rugs in Germany.

India’s Position:

India has faced a significant decline in its import of blankets and travelling rugs, with a growth rate of -7.8% from 2016 to 2022. The import values dropped from $47.1 million in 2016 to $28.9 million in 2022, indicating a downward trend. This decline suggests a reduced demand or a shift in market dynamics within the country, impacting the overall import volume negatively. Despite the challenging scenario, understanding the factors behind this decline could provide valuable insights for future strategies and market opportunities.