Report Update Apr 1, 2024

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

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Colombia: Electric Blanket Market 2024

Electric Blanket Market Size in Colombia

In 2021, the Colombian electric blanket market increased by 68% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Electric Blanket Exports

Exports from Colombia

In 2021, shipments abroad of electric blankets increased by 71% to X units, rising for the third year in a row after six years of decline. Over the period under review, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 400% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric blanket exports surged to $X in 2021. In general, exports, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2020 with an increase of 361%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X units) was the main destination for electric blanket exports from Colombia, accounting for a 89% share of total exports. Moreover, electric blanket exports to Venezuela exceeded the volume sent to the second major destination, the United States (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Venezuela stood at -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+26.8% per year) and Chile (-19.3% per year).

In value terms, the largest markets for electric blanket exported from Colombia were the United States ($X), Venezuela ($X) and Chile ($X), with a combined 97% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +38.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average electric blanket export price amounted to $X per unit, growing by 4.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 an increase of 60%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+18.3%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Blanket Imports

Imports into Colombia

In 2021, overseas purchases of electric blankets increased by 124% to X units, rising for the fourth year in a row after two years of decline. In general, imports enjoyed a notable expansion. The pace of growth was the most pronounced in 2015 with an increase of 676% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric blanket imports soared to $X in 2021. Overall, imports recorded a pronounced expansion. The growth pace was the most rapid in 2015 when imports increased by 701%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main electric blanket supplier to Colombia, with a 93% share of total imports. Moreover, electric blanket imports from China exceeded the figures recorded by the second-largest supplier, Panama (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +5.3%.

In value terms, China ($X) constituted the largest supplier of electric blankets to Colombia, comprising 82% of total imports. The second position in the ranking was taken by Panama ($X), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +7.5%.

Import Prices by Country

In 2021, the average electric blanket import price amounted to $X per unit, dropping by -37.2% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 56% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Panama totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.0%).

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, accounting for 51% 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 taken by China, with a 5.7% share.

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

The countries with the highest volumes of production in 2021 were China, the Czech Republic and Indonesia, with a combined 95% share of global production.

What are the leading suppliers of electric blankets to Colombia?

In value terms, China constituted the largest supplier of electric blankets to Colombia, comprising 82% of total imports. The second position in the ranking was held by Panama, with a 1.9% share of total imports.

What are the leading importers of electric blankets from Colombia?

In value terms, the largest markets for electric blanket exported from Colombia were the United States, Venezuela and Chile, with a combined 97% share of total exports.

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

The average electric blanket export price stood at $23 per unit in 2021, growing by 4.2% against the previous year.

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

The average electric blanket import price stood at $17 per unit in 2021, with a decrease of -37.2% against the previous year.

This report provides an in-depth analysis of the electric blanket market in Colombia. 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:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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