Eastern Europe: Electric Blanket Market 2024

Electric Blanket Market Size in Eastern Europe

In 2021, after two years of growth, there was decline in the East European electric blanket market, when its value decreased by -1.7% to $X. The market value increased at an average annual rate of +4.9% 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 hit record highs at $X in 2020, and then declined in the following year.

Electric Blanket Production in Eastern Europe

In value terms, electric blanket production shrank slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 11%. As a result, production reached the peak level of $X, and then fell slightly in the following year.

Electric Blanket Exports

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded decline in overseas shipments of electric blankets, which decreased by -16.7% to X units in 2021. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 33%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric blanket exports expanded sharply to $X in 2021. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 12% 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 remained at a lower figure.

Exports by Country

The Czech Republic dominates exports structure, finishing at X units, which was approx. 87% of total exports in 2021. It was distantly followed by Hungary (X units), mixing up an 8.1% share of total exports. Poland (X units) followed a long way behind the leaders.

Exports from the Czech Republic decreased at an average annual rate of -16.0% from 2012 to 2021. At the same time, Poland (+25.1%) and Hungary (+1.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +25.1% from 2012-2021. While the share of Hungary (+6.4 p.p.) and Poland (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Czech Republic (-10.6 p.p.) displayed negative dynamics.

In value terms, the Czech Republic ($X) remains the largest electric blanket supplier in Eastern Europe, comprising 74% of total exports. The second position in the ranking was taken by Hungary ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Czech Republic amounted to -9.2%. In the other countries, the average annual rates were as follows: Hungary (-1.4% per year) and Poland (+33.5% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, surging by 34% against the previous year. In general, the export price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2019 when the export price increased by 36%. Over the period under review, the export prices reached the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the Czech Republic ($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 mixed trends in the export price figures.

Electric Blanket Imports

Imports in Eastern Europe

In 2021, the amount of electric blankets imported in Eastern Europe surged to X units, jumping by 48% on 2020. Overall, imports recorded prominent growth. The pace of growth was the most pronounced in 2014 with an increase of 58%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, electric blanket imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of 50% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

The countries with the highest levels of electric blanket imports in 2021 were Poland (X units), Ukraine (X units), the Czech Republic (X units) and Hungary (X units), together amounting to 81% of total import. It was distantly followed by Slovakia (X units), committing a 5.8% share of total imports. The following importers - Russia (X units) and Moldova (X units) - each recorded a 7.3% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ukraine (with a CAGR of +39.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Slovakia ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 72% of total imports. Ukraine, Hungary, Russia and Moldova lagged somewhat behind, together accounting for a further 19%.

In terms of the main importing countries, Ukraine, with a CAGR of +29.2%, recorded the highest rates of growth with regard to the value of imports, 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 Eastern Europe stood at $X per unit in 2021, reducing by -6.4% against the previous year. Overall, the import price showed a noticeable decrease. The pace of growth was the most pronounced in 2020 when the import price increased by 20% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per unit), while Hungary ($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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