CIS: Electric Blanket Market 2024

Electric Blanket Market Size in CIS

The CIS electric blanket market soared to $X in 2021, picking up by 56% against the previous year. Over the period under review, consumption saw prominent growth. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Electric Blanket Production in CIS

In value terms, electric blanket production skyrocketed to $X in 2021 estimated in export price. In general, production recorded a significant increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 4,431%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Electric Blanket Exports

Exports in CIS

In 2021, the amount of electric blankets exported in the CIS surged to X units, rising by 202% compared with 2020 figures. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 312% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, electric blanket exports surged to $X in 2021. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 202% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

Belarus represented the main exporting country with an export of about X units, which finished at 69% of total exports. Kazakhstan (X units) held the second position in the ranking, distantly followed by Armenia (X units). All these countries together held near 28% share of total exports. Russia (X units) took a little share of total exports.

Exports from Belarus increased at an average annual rate of +180.7% from 2012 to 2021. At the same time, Armenia (+19,460.0%), Kazakhstan (+76.3%) and Russia (+10.6%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +19,460.0% from 2012-2021. While the share of Belarus (+69 p.p.), Kazakhstan (+11 p.p.) and Armenia (+8.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-88.3 p.p.) displayed negative dynamics.

In value terms, Belarus ($X) emerged as the largest electric blanket supplier in the CIS, comprising 49% of total exports. The second position in the ranking was held by Russia ($X), with a 19% share of total exports. It was followed by Kazakhstan, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Belarus totaled +55.3%. In the other countries, the average annual rates were as follows: Russia (+4.2% per year) and Kazakhstan (+60.5% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, waning by -5.7% against the previous year. In general, the export price showed a precipitous slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 81% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-5.8%), while the other leaders experienced a decline in the export price figures.

Electric Blanket Imports

Imports in CIS

In 2021, overseas purchases of electric blankets increased by 50% to X units, rising for the second consecutive year after two years of decline. Overall, imports saw a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 220% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, electric blanket imports soared to $X in 2021. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 228% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of electric blanket imports in 2021 were Kazakhstan (X units), Tajikistan (X units), Russia (X units) and Moldova (X units), together accounting for 78% of total import. Azerbaijan (X units) took an 8% share (based on physical terms) of total imports, which put it in second place, followed by Armenia (7.4%) and Belarus (5.9%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kazakhstan (with a CAGR of +81.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported electric blankets in the CIS, comprising 47% of total imports. The second position in the ranking was taken by Tajikistan ($X), with a 21% share of total imports. It was followed by Russia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan amounted to +67.4%. In the other countries, the average annual rates were as follows: Tajikistan (+47.1% per year) and Russia (-0.9% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, shrinking by -13.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 61%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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