EU: Electric Blanket Market 2024

Electric Blanket Market Size in the EU

The EU electric blanket market expanded to $X in 2021, picking up by 4.3% against the previous year. The market value increased at an average annual rate of +5.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Electric Blanket Production in the EU

In value terms, electric blanket production fell to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 18%. As a result, production reached the peak level of $X, and then contracted in the following year.

Electric Blanket Exports

Exports in the EU

After two years of decline, shipments abroad of electric blankets increased by 2.9% to X units in 2021. In general, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric blanket exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a slight contraction. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic represented the main exporter of electric blankets in the European Union, with the volume of exports amounting to X units, which was near 48% of total exports in 2021. Belgium (X units) ranks second in terms of the total exports with a 22% share, followed by the Netherlands (12%), Germany (5.3%) and Hungary (4.5%). The following exporters - Poland (X units) and Sweden (X units) - each recorded a 3.6% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric blanket exports from the Czech Republic stood at -16.0%. At the same time, Belgium (+32.6%), Poland (+25.1%), Sweden (+14.1%), the Netherlands (+5.7%), Germany (+2.5%) and Hungary (+1.3%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +32.6% from 2012-2021. While the share of Belgium (+21 p.p.), the Netherlands (+9 p.p.), Germany (+3.6 p.p.), Hungary (+2.9 p.p.) and Poland (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-43.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Czech Republic ($X) remains the largest electric blanket supplier in the European Union, comprising 35% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Czech Republic stood at -9.2%. In the other countries, the average annual rates were as follows: Germany (+9.5% per year) and the Netherlands (+9.2% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, surging by 24% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 37%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.1%), while the other leaders experienced more modest paces of growth.

Electric Blanket Imports

Imports in the EU

In 2021, purchases abroad of electric blankets increased by 34% to X units, rising for the second consecutive year after two years of decline. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric blanket imports soared to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +111.0% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) and the Netherlands (X units) were the major importers of electric blankets in the European Union, together mixing up 41% of total imports. Italy (X units) held the next position in the ranking, followed by Spain (X units), France (X units), Greece (X units), Belgium (X units) and Sweden (X units). All these countries together took approx. 40% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric blanket importing markets in the European Union were Germany ($X), the Netherlands ($X) and Italy ($X), together comprising 52% of total imports.

Germany, with a CAGR of +12.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, with an increase of 17% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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