Africa: Electric Blanket Market 2024

Electric Blanket Market Size in Africa

In 2021, the African electric blanket market increased by 12% to $X, rising for the third consecutive year after two years of decline. Overall, consumption continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Blanket Production in Africa

In value terms, electric blanket production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 110% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Electric Blanket Exports

Exports in Africa

Electric blanket exports surged to X units in 2021, growing by 26% against 2020 figures. In general, exports saw tangible growth. The growth pace was the most rapid in 2013 with an increase of 130%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, electric blanket exports surged to $X in 2021. Overall, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2013 when exports increased by 111% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Africa was the largest exporter of electric blankets in Africa, with the volume of exports recording X units, which was near 76% of total exports in 2021. It was distantly followed by Nigeria (X units), mixing up a 19% share of total exports. Namibia (X units) and Egypt (X units) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, Nigeria (+32.8%), Namibia (+27.8%) and Egypt (+17.7%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Africa, with a CAGR of +32.8% from 2012-2021. Nigeria (+17 p.p.) and Namibia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by -14% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest electric blanket supplier in Africa, comprising 81% of total exports. The second position in the ranking was held by Nigeria ($X), with an 8.9% share of total exports. It was followed by Namibia, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value in South Africa stood at -4.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (+15.6% per year) and Namibia (+27.6% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, increasing by 13% against the previous year. Overall, the export price, however, saw a abrupt decrease. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (-0.2%), while the other leaders experienced a decline in the export price figures.

Electric Blanket Imports

Imports in Africa

In 2021, after two years of growth, there was decline in overseas purchases of electric blankets, when their volume decreased by -2.2% to X units. In general, imports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 44%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electric blanket imports soared to $X in 2021. Overall, imports recorded a deep setback. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa prevails in imports structure, recording X units, which was approx. 70% of total imports in 2021. It was distantly followed by Egypt (X units), making up an 8.8% share of total imports. The following importers - Lesotho (X units), Algeria (X units), Djibouti (X units), Angola (X units) and Libya (X units) - each resulted at a 9.4% share of total imports.

Imports into South Africa decreased at an average annual rate of -4.3% from 2012 to 2021. At the same time, Egypt (+55.3%), Djibouti (+55.1%), Lesotho (+12.2%) and Libya (+1.9%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in Africa, with a CAGR of +55.3% from 2012-2021. By contrast, Angola (-7.2%) and Algeria (-8.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Egypt, Djibouti and Lesotho increased by +8.7, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electric blankets in Africa, comprising 68% of total imports. The second position in the ranking was taken by Egypt ($X), with a 3.1% share of total imports. It was followed by Lesotho, with a 2.9% share.

In South Africa, electric blanket imports declined by an average annual rate of -7.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (+34.0% per year) and Lesotho (+12.1% per year).

Import Prices by Country

In 2021, the import price in Africa amounted to $X per unit, jumping by 31% against the previous year. In general, the import price, however, showed a perceptible reduction. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, 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 Djibouti ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Libya (+7.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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