Puerto Rico: Electric Blanket Market 2024

Electric Blanket Market Size in Puerto Rico

The Puerto Rican electric blanket market amounted to less than $X in 2021, leveling off at 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). Over the period under review, consumption showed a relatively flat trend pattern.

Electric Blanket Exports

Exports from Puerto Rico

In 2021, electric blanket exports from Puerto Rico amounted to less than X units, stabilizing at 2020 figures. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, electric blanket exports totaled less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China dominates exports structure, finishing at X units, which was near 83% of total exports in 2021. It was distantly followed by the Czech Republic (X units), constituting a 5.2% share of total exports. The following exporters - Indonesia (X units) and Belgium (X units) - each finished at a 4.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric blanket exports from China stood at +5.3%. At the same time, Belgium (+32.6%) and Indonesia (+1.3%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of +32.6% from 2012-2021. By contrast, the Czech Republic (-16.0%) illustrated a downward trend over the same period. While the share of China (+21 p.p.) and Belgium (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of the Czech Republic (-24.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric blanket supplier from Puerto Rico, comprising 84% of global exports. The second position in the ranking was taken by the Czech Republic ($X), with a 3.2% share of global exports. It was followed by Indonesia, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +5.5%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (-9.2% per year) and Indonesia (-1.1% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

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 Indonesia ($X per thousand units), while Belgium ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.1%), while the other leaders experienced mixed trends in the export price figures.

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Electric Blanket Imports

Imports into Puerto Rico

In 2021, approx. less than X units of electric blankets were imported into Puerto Rico; therefore, remained relatively stable against 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, electric blanket imports amounted to less than $X in 2021. Overall, imports recorded a relatively flat trend pattern.

Imports by Country

The United States was the main importing country with an import of about X units, which amounted to 44% of total imports. Japan (X units) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by the UK (7.3%) and Australia (5.2%). Germany (X units), the Netherlands (X units), Canada (X units), Chile (X units) and Italy (X units) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +7.3% from 2012 to 2021. At the same time, Germany (+12.1%), Canada (+11.3%), Italy (+9.3%), Australia (+3.7%), the UK (+3.3%) and the Netherlands (+3.1%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of +12.1% from 2012-2021. Japan experienced a relatively flat trend pattern. By contrast, Chile (-5.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and Germany increased by +8 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported electric blankets into Puerto Rico, comprising 40% of global imports. The second position in the ranking was taken by Japan ($X), with an 11% share of global imports. It was followed by the UK, with an 8.5% share.

In the United States, electric blanket imports increased at an average annual rate of +4.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-1.3% per year) and the UK (+6.5% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, standing approx. at the previous year. Overall, the import price showed a relatively flat trend pattern.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Canada ($X per thousand units) and Australia ($X per thousand units), while Chile ($X per thousand units) and the United States ($X per thousand units) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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