Europe: Electric Blanket Market 2024

Electric Blanket Market Size in Europe

The Europe electric blanket market amounted to $X in 2021, with an increase of 9.5% against the previous year. The market value increased at an average annual rate of +5.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Electric Blanket Production in Europe

In value terms, electric blanket production shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Electric Blanket Exports

Exports in Europe

In 2021, overseas shipments of electric blankets were finally on the rise to reach X units after two years of decline. Overall, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 30% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric blanket exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a mild decline. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the Czech Republic (X units) was the largest exporter of electric blankets, committing 46% of total exports. It was distantly followed by Belgium (X units), the Netherlands (X units), Germany (X units) and the UK (X units), together constituting a 42% share of total exports. Hungary (X units) and Poland (X units) took a relatively small 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%), the UK (+5.8%), 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 Europe, with a CAGR of +32.6% from 2012-2021. While the share of Belgium (+20 p.p.), the Netherlands (+8.4 p.p.), the UK (+3.6 p.p.), Germany (+3.4 p.p.), Hungary (+2.7 p.p.) and Poland (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-44.4 p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X) remains the largest electric blanket supplier in Europe, comprising 33% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in the Czech Republic stood at -9.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+9.5% per year) and the Netherlands (+9.2% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, growing by 21% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric blanket export price increased by +121.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 38% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

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 Europe

Electric blanket imports soared to X units in 2021, jumping by 34% against 2020 figures. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 +50.1% 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 surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +109.5% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the UK (X units), distantly followed by Germany (X units), the Netherlands (X units), Italy (X units) and Spain (X units) represented the largest importers of electric blankets, together committing 66% of total imports. France (X units), Greece (X units), Belgium (X units), Sweden (X units), Poland (X units), Ireland (X units), Ukraine (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +39.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest electric blanket importing markets in Europe were the UK ($X), Germany ($X) and the Netherlands ($X), with a combined 58% share of total imports. These countries were followed by Italy, France, Spain, Sweden, Belgium, Ireland, Poland, Greece, the Czech Republic and Ukraine, which together accounted for a further 32%.

Ukraine, with a CAGR of +29.2%, saw the highest rates of growth with regard to 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 Europe stood at $X per unit in 2021, growing by 19% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Ireland ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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