Middle East: Electric Blanket Market 2024

Electric Blanket Market Size in the Middle East

In 2021, the Middle Eastern electric blanket market increased by 31% to $X, rising for the fourth consecutive year after three years of decline. In general, consumption, however, recorded a perceptible setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Blanket Production in the Middle East

In value terms, electric blanket production reduced slightly to $X in 2021 estimated in export price. Overall, production showed a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 10%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Electric Blanket Exports

Exports in the Middle East

In 2021, overseas shipments of electric blankets were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 210%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, electric blanket exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 96%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Turkey (X units) represented the main exporter of electric blankets in the Middle East, comprising 98% of total export.

Turkey was also the fastest-growing in terms of the electric blankets exports, with a CAGR of +16.5% from 2012 to 2021. From 2012 to 2021, the share of Turkey increased by +32 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest electric blanket supplier in the Middle East.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +5.7%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, surging by 13% against the previous year. In general, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 an increase of 21%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Turkey amounted to -9.2% per year.

Electric Blanket Imports

Imports in the Middle East

In 2021, approx. X units of electric blankets were imported in the Middle East; surging by 80% compared with the year before. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 142% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

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 +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Iran represented the largest importing country with an import of about X units, which accounted for 41% of total imports. The United Arab Emirates (X units) held the second position in the ranking, distantly followed by Israel (X units). All these countries together held near 34% share of total imports. Qatar (X units), Iraq (X units), Palestine (X units), Kuwait (X units), Turkey (X units) and Lebanon (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the United Arab Emirates (with a CAGR of +43.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), the United Arab Emirates ($X) and Israel ($X) were the countries with the highest levels of imports in 2021, with a combined 66% share of total imports.

Among the main importing countries, the United Arab Emirates, with a CAGR of +31.8%, saw 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

In 2021, the import price in the Middle East amounted to $X per unit, picking up by 18% against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the import price increased by 69% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+9.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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