Czech Republic: Electric Blanket Market 2024

Electric Blanket Market Size in the Czech Republic

In 2021, the Czech electric blanket market decreased by -2.5% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +4.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then reduced in the following year.

Electric Blanket Production in the Czech Republic

In value terms, electric blanket production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 11%. As a result, production reached the peak level of $X, and then contracted in the following year.

Electric Blanket Exports

Exports from the Czech Republic

Electric blanket exports from the Czech Republic fell sharply to X units in 2021, waning by -21.2% against the previous year. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electric blanket exports expanded slightly to $X in 2021. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 9.1% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for electric blanket exports from the Czech Republic, accounting for a approx. 97% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -16.3%.

In value terms, Germany ($X) also remains the key foreign market for electric blankets exports from the Czech Republic.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -9.6%.

Export Prices by Country

The average electric blanket export price stood at $X per unit in 2021, with an increase of 31% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric blanket export price increased by +124.2% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +8.0% per year.

Electric Blanket Imports

Imports into the Czech Republic

In 2021, the amount of electric blankets imported into the Czech Republic skyrocketed to X units, picking up by 43% against 2020. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% 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 +47.8% against 2016 indices. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, electric blanket imports skyrocketed to $X in 2021. In general, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 +109.6% 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, China (X units) constituted the largest supplier of electric blanket to the Czech Republic, with a 64% share of total imports. Moreover, electric blanket imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Slovakia (X units), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.4% per year) and Slovakia (+15.4% per year).

In value terms, China ($X) constituted the largest supplier of electric blankets to the Czech Republic, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 24% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.9% per year) and Italy (+22.4% per year).

Import Prices by Country

In 2021, the average electric blanket import price amounted to $X per unit, rising by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 an increase of 23%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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