Electric Blanket Price in Serbia - 2023

Contents:

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

Electric Blanket Price in Serbia (CIF) - 2022

The average electric blanket import price stood at $15 per unit in 2022, shrinking by -48% against the previous year. In general, the import price recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 an increase of 155% against the previous year. The import price peaked at $29 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($20 per unit), while the price for Turkey ($7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+0.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Electric Blanket Price in Serbia (FOB) - 2022

The average electric blanket export price stood at $34 per unit in 2022, which is down by -7% against the previous year. Overall, the export price, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 219%. Over the period under review, the average export prices reached the maximum at $199 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($19 per unit), while the average price for exports to Montenegro amounted to $9.7 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+10.0%), while the prices for the other major destinations experienced a decline.

Electric Blanket Imports in Serbia

In 2022, overseas purchases of electric blankets decreased by -32.4% to 2.3K units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 277% against the previous year. As a result, imports attained the peak of 5.3K units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, electric blanket imports reduced dramatically to $35K in 2022. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year. As a result, imports reached the peak of $99K, and then reduced rapidly in the following year.

Import of Electric Blanket in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
AustriaN/AN/A4.011.2180.0%
China16.034.846.69.7-15.4%
Turkey1.2N/AN/A7.483.4%
Germany14.44.04.23.1-40.1%
Denmark8.5N/A5.02.8-30.9%
HungaryN/A19.538.5N/A97.4%
Others0.81.30.50.5-14.5%
Total40.859.698.734.7-5.3%

Top Suppliers of Electric Blanket to Serbia in 2022:

  1. Turkey (1054.0 units)
  2. Austria (563.0 units)
  3. China (517.0 units)
  4. Germany (163.0 units)
  5. Denmark (139.0 units)
  6. Hungary (1.0 units)

Electric Blanket Exports in Serbia

In 2022, overseas shipments of electric blankets increased by 366% to 135 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric blanket exports skyrocketed to $4.6K in 2022. In general, exports, however, faced a deep setback. Over the period under review, the exports reached the peak figure at $9.8K in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Export of Electric Blanket in Serbia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MontenegroN/A0.8N/A2.887.1%
Bosnia and Herzegovina0.50.40.31.544.2%
Germany2.38.5N/AN/A269.6%
Croatia2.1N/A0.8N/A-38.3%
North Macedonia0.3N/AN/AN/A0%
Romania2.0N/AN/AN/A0%
OthersN/AN/AN/A0.30%
Total7.29.81.14.6-13.9%

Top Export Markets for Electric Blanket from Serbia in 2022:

  1. Montenegro (291.0 units)
  2. Bosnia and Herzegovina (75.0 units)

Source: IndexBox Market Intelligence Platform

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