Electric Blanket Price in Guatemala - 2023

Contents:

  1. Electric Blanket Price in Guatemala (CIF) - 2022
  2. Electric Blanket Price in Guatemala (FOB) - 2022
  3. Electric Blanket Imports in Guatemala
  4. Electric Blanket Exports in Guatemala

Electric Blanket Price in Guatemala (CIF) - 2022

The average electric blanket import price stood at $20 per unit in 2022, growing by 19% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($20 per unit) and China ($20 per unit), while the price for the United States ($20 per unit) and Germany ($20 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Electric Blanket Price in Guatemala (FOB) - 2022

The average electric blanket export price stood at $26 per unit in 2022, increasing by 5.7% against the previous year. Over the period under review, the export price enjoyed a slight increase. The most prominent rate of growth was recorded in 2020 an increase of 97%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($6.2 per unit), while the average price for exports to Nicaragua stood at $2 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+31.7%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Blanket Imports in Guatemala

In 2022, purchases abroad of electric blankets decreased by -12.9% to 1.1K units, falling for the second consecutive year after two years of growth. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 90%. As a result, imports attained the peak of 1.4K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, electric blanket imports expanded to $22K in 2022. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 104% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Import of Electric Blanket in Guatemala (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States8.812.09.213.114.2%
GermanyN/A3.3N/A5.124.3%
China0.60.71.12.765.1%
South Korea0.1N/A0.31.1122.4%
Mexico0.65.48.9N/A285.1%
Others0.70.61.6N/A51.2%
Total10.822.021.222.026.8%

Top Suppliers of Electric Blanket to Guatemala in 2022:

  1. United States (648.0 units)
  2. Germany (252.0 units)
  3. China (134.0 units)
  4. South Korea (52.0 units)

Electric Blanket Exports in Guatemala

After three years of growth, overseas shipments of electric blankets decreased by -93.9% to 2 units in 2022. Overall, exports recorded a sharp contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 280% against the previous year. Over the period under review, the exports attained the peak figure at 33 units in 2021, and then shrank rapidly in the following year.

In value terms, electric blanket exports declined sharply to $52 in 2022. Over the period under review, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 650% against the previous year. Over the period under review, the exports attained the maximum at $812 in 2021, and then dropped markedly in the following year.

Export of Electric Blanket in Guatemala (USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States3.018.053.050.0155.4%
Nicaragua1.03.04.02.026.0%
South Korea30.0289644N/A363.3%
El SalvadorN/A1,200N/AN/A0%
Honduras8.061.0111N/A272.5%
Others16.0-1,136.0N/AN/A-7200.0%
Total58.043581252.0-3.6%

Top Export Markets for Electric Blanket from Guatemala in 2022:

  1. United States (8.0 units)
  2. Nicaragua (1.0 units)

Source: IndexBox Market Intelligence Platform

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