Germany: Electric Blanket Market 2024

Electric Blanket Market Size in Germany

The German electric blanket market surged to $X in 2021, with an increase of 59% 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 recorded a strong expansion. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Electric Blanket Exports

Exports from Germany

In 2021, shipments abroad of electric blankets decreased by -6.1% to X units for the first time since 2018, thus ending a two-year rising trend. In general, total exports indicated perceptible growth from 2012 to 2021: its volume 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, exports increased by +74.5% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of 70% against the previous year. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, electric blanket exports soared to $X in 2021. Overall, exports, however, enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units), France (X units) and Poland (X units) were the main destinations of electric blanket exports from Germany, together accounting for 45% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +31.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Italy ($X) appeared to be the largest markets for electric blanket exported from Germany worldwide, together accounting for 44% of total exports.

Italy, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric blanket export price stood at $X per unit in 2021, picking up by 84% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Poland ($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 the UK (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Blanket Imports

Imports into Germany

In 2021, imports of electric blankets into Germany soared to X units, surging by 21% on 2020. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2015 when imports increased by 82%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electric blanket imports soared to $X in 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 62% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

The Netherlands (X units), China (X units) and Hungary (X units) were the main suppliers of electric blanket imports to Germany, with a combined 80% share of total imports. Belgium, Poland, Spain and France lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +102.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Hungary ($X) appeared to be the largest electric blanket suppliers to Germany, together accounting for 75% of total imports. These countries were followed by Poland, France, Spain and Belgium, which together accounted for a further 18%.

Among the main suppliers, France, with a CAGR of +119.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average electric blanket import price amounted to $X per unit, jumping by 28% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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