The market for blankets and travelling rugs of cotton in Singapore is forecasted to decline from $1.9123 million in 2024 to $1.5931 million by 2028. Comparing year-on-year, there is a continuous decrease in market size with specific values showing a diminishing pattern: 2024 saw a value of $1.9123 million, 2025 at $1.8313 million, 2026 at $1.7511 million, 2027 at $1.6717 million, and 2028 reaching $1.5931 million.
Year-on-year variations over the last two years show a decrease of around 4.2% from 2024 to 2025 and a further decline of approximately 4.4% from 2025 to 2026. This trend indicates that the market is steadily contracting each year. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 suggests an average annual reduction of about 4.5%.
Future trends to watch for include changes in consumer preferences towards more sustainable or technologically advanced materials, economic factors affecting disposable income, and potential disruptions in supply chains. Additionally, innovations in travel-related products could either positively or negatively impact market demand for traditional cotton blankets and travelling rugs.
