SADC: Electric Blanket Market 2024

Electric Blanket Market Size in SADC

In 2021, the SADC electric blanket market increased by 8.3% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Blanket Production in SADC

In value terms, electric blanket production soared to $X in 2021 estimated in export price. Overall, production, however, showed perceptible growth. The pace of growth was the most pronounced in 2015 with an increase of 540% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Electric Blanket Exports

Exports in SADC

In 2021, exports of electric blankets in SADC surged to X units, increasing by 30% compared with the previous year's figure. In general, exports posted a mild increase. The pace of growth appeared the most rapid in 2013 with an increase of 98%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electric blanket exports soared to $X in 2021. Overall, exports, however, saw a pronounced reduction. The growth pace was the most rapid in 2013 with an increase of 84% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, resulting at X units, which was near 97% of total exports in 2021. Namibia (X units) held a minor share of total exports.

Exports from South Africa increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, Namibia (+27.8%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +27.8% from 2012-2021. While the share of Namibia (+2.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest electric blanket supplier in SADC, comprising 95% of total exports. The second position in the ranking was held by Namibia ($X), with a 4.8% share of total exports.

In South Africa, electric blanket exports plunged by an average annual rate of -4.6% over the period from 2012-2021.

Export Prices by Country

The export price in SADC stood at $X per unit in 2021, growing by 17% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Namibia ($X per unit), while South Africa amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (-0.2%).

Electric Blanket Imports

Imports in SADC

In 2021, overseas purchases of electric blankets increased by 1% to X units, rising for the third year in a row after two years of decline. Overall, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 27%. The volume of import peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electric blanket imports soared to $X in 2021. In general, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 38%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, accounting for X units, which was near 88% of total imports in 2021. Lesotho (X units), Angola (X units) and Namibia (X units) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -4.3% from 2012 to 2021. At the same time, Lesotho (+12.2%) displayed positive paces of growth. Moreover, Lesotho emerged as the fastest-growing importer imported in SADC, with a CAGR of +12.2% from 2012-2021. By contrast, Namibia (-6.9%) and Angola (-7.2%) illustrated a downward trend over the same period. While the share of Lesotho (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of South Africa (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported electric blankets in SADC, comprising 85% of total imports. The second position in the ranking was taken by Lesotho ($X), with a 3.6% share of total imports. It was followed by Angola, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa amounted to -7.2%. The remaining importing countries recorded the following average annual rates of imports growth: Lesotho (+12.1% per year) and Angola (-9.3% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per unit, surging by 29% against the previous year. In general, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of 42% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Angola ($X per unit) and Lesotho ($X per unit), while South Africa ($X per unit) and Namibia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lesotho (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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