Denmark: Electric Blanket Market 2024

Electric Blanket Market Size in Denmark

The Danish electric blanket market soared to $X in 2021, rising by 121% 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 continues to indicate noticeable growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electric Blanket Exports

Exports from Denmark

In 2021, the amount of electric blankets exported from Denmark skyrocketed to X units, increasing by 34% on 2020 figures. Overall, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 138% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see steady growth in the immediate term.

In value terms, electric blanket exports soared to $X in 2021. Over the period under review, exports showed a noticeable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 219% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X units) was the main destination for electric blanket exports from Denmark, accounting for a 80% share of total exports. Moreover, electric blanket exports to Sweden exceeded the volume sent to the second major destination, Faroe Islands (X units), eightfold. Norway (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden totaled +36.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Faroe Islands (+62.0% per year) and Norway (-12.3% per year).

In value terms, Sweden ($X) remains the key foreign market for electric blankets exports from Denmark, comprising 59% of total exports. The second position in the ranking was held by Norway ($X), with an 8.1% share of total exports. It was followed by Germany, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden stood at +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (-2.6% per year) and Germany (+0.8% per year).

Export Prices by Country

The average electric blanket export price stood at $X per unit in 2021, increasing by 16% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Faroe Islands ($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 Norway (+11.0%), while the prices for the other major destinations experienced a decline.

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Electric Blanket Imports

Imports into Denmark

In 2021, overseas purchases of electric blankets increased by 98% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports saw perceptible growth. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, electric blanket imports skyrocketed to $X in 2021. In general, imports continue to indicate a resilient expansion. As a result, imports reached 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 Denmark, with a 82% share of total imports. Moreover, electric blanket imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+12.1% per year) and Germany (-3.2% per year).

In value terms, China ($X) constituted the largest supplier of electric blankets to Denmark, comprising 73% of total imports. The second position in the ranking was held by Sweden ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+6.5% per year) and Germany (-1.0% per year).

Import Prices by Country

The average electric blanket import price stood at $X per unit in 2021, shrinking by -2.1% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric blanket import price increased by +76.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 33% against the previous year. The import price peaked at $X per unit in 2020, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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 (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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