Report Update Nov 1, 2024

Norway - Electric Blankets - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Electric Blanket Market 2024

Electric Blanket Market Size in Norway

The Norwegian electric blanket market surged to $X in 2021, growing by 110% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electric Blanket Exports

Exports from Norway

In 2021, shipments abroad of electric blankets was finally on the rise to reach X units after two years of decline. Over the period under review, exports, however, saw a significant decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 267%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric blanket exports contracted to $X in 2021. In general, exports, however, saw a dramatic decline. The pace of growth was the most pronounced in 2017 with an increase of 220% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for electric blanket exports from Norway, with a 88% share of total exports. Moreover, electric blanket exports to Sweden exceeded the volume sent to the second major destination, Denmark (X units), eightfold.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at -41.0%.

In value terms, Denmark ($X) and Sweden ($X) were the largest markets for electric blanket exported from Norway worldwide.

Among the main countries of destination, Denmark, with a CAGR of -0.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average electric blanket export price stood at $X per unit in 2021, reducing by -11.2% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 220%. The export price peaked at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Sweden amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+36.2%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Blanket Imports

Imports into Norway

In 2021, the amount of electric blankets imported into Norway skyrocketed to X units, surging by 76% on 2020. Overall, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.0% 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.

In value terms, electric blanket imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a resilient increase. 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 electric blanket supplier to Norway, with a 86% share of total imports. Moreover, electric blanket imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+83.2% per year) and Germany (+105.8% per year).

In value terms, China ($X) constituted the largest supplier of electric blankets to Norway, comprising 86% of total imports. The second position in the ranking was taken by Hungary ($X), with a 4.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+86.2% per year) and Germany (+93.8% per year).

Import Prices by Country

The average electric blanket import price stood at $X per unit in 2021, picking up by 25% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% 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 import price increased by +85.5% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for electric blankets in the world?

The Czech Republic constituted the country with the largest volume of electric blanket consumption, comprising approx. 50% of total volume. Moreover, electric blanket consumption in the Czech Republic exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by China, with an 8.1% share.

What are the largest producers of electric blankets in the world?

The countries with the highest volumes of electric blanket production in 2021 were the Czech Republic, China and Indonesia, with a combined 97% share of global production.

What are the leading suppliers of electric blankets to Norway?

In value terms, Sweden constituted the largest supplier of electric blanket to Norway, comprising 94% of total imports. The second position in the ranking was occupied by Germany, with a 2.3% share of total imports.

What are the leading importers of electric blankets from Norway?

In value terms, Sweden remains the key foreign market for electric blanket exports from Norway.

What is the average export price for electric blankets in Norway?

The average electric blanket export price stood at $34 per unit in 2021, shrinking by -56.1% against the previous year.

What is the average import price for electric blankets in Norway?

In 2021, the average electric blanket import price amounted to $24 per unit, jumping by 124% against the previous year.

This report provides an in-depth analysis of the electric blanket market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27511400 - Electric blankets

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023