Slovakia: Electric Blanket Market 2024

Electric Blanket Market Size in Slovakia

The Slovak electric blanket market surged to $X in 2021, picking up by 77% 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 showed a prominent expansion. Electric blanket consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Electric Blanket Exports

Exports from Slovakia

For the third consecutive year, Slovakia recorded growth in shipments abroad of electric blankets, which increased by 14% to X units in 2021. Overall, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2017 with an increase of 165% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electric blanket exports amounted to $X in 2021. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of 100%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Hungary (X units), the Czech Republic (X units) and Poland (X units) were the main destinations of electric blanket exports from Slovakia, together accounting for 80% of total exports. Austria, Romania, Germany and Italy lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +22.2%), while the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Hungary ($X) and Poland ($X) appeared to be the largest markets for electric blanket exported from Slovakia worldwide, with a combined 80% share of total exports. Austria, Germany, Romania and Italy lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Austria, with a CAGR of +29.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average electric blanket export price stood at $X per unit in 2021, flattening at the previous year. Over the period under review, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 40%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Romania ($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 Germany (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Blanket Imports

Imports into Slovakia

In 2021, the amount of electric blankets imported into Slovakia skyrocketed to X units, increasing by 58% compared with the year before. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, electric blanket imports soared to $X in 2021. Overall, imports, however, showed a slight slump. The most prominent rate of growth was recorded in 2019 when imports increased by 65%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X units), Germany (X units) and France (X units) were the main suppliers of electric blanket imports to Slovakia, together accounting for 92% of total imports. The Netherlands, Poland and China lagged somewhat behind, together accounting for a further 4.7%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +412.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric blanket suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and the Netherlands ($X), with a combined 89% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +446.4%, 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, which is down by -6.7% against the previous year. In general, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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