Electric blankets global exports show high growth rate

12 Feb '20

2 min read

Pic: Shutterstock

The global trade of electric blankets has been rising in recent years. Total trade rose 23.64 per cent from 2016 to 2018, according to data from TexPro. The global trade of electric blankets was $465.69 million in 2016, which increased to $575.77 million in 2018. Total trade of electric blankets has risen by 13.90 per cent in 2018 over the previous year.

Further total trade is anticipated to reach $791.88 million in 2021 with a CAGR of 11.21 per cent from 2018, according to Fibre2Fashion's market analysis tool TexPro.

The global export of electric blankets was $262.60 million in 2016, which increased 21.99 per cent to $320.34 million in 2018. Total exports moved up 12.40 per cent in 2018 over the previous year and is expected to reach $431.59 million in 2021 with a CAGR of 10.45 per cent from 2018.

The global import value of electric blankets was $13.48 million in 2016, which increased by 28.19 per cent to $17.28 million in 2018. Total imports surged 10.03 per cent in 2018 over the previous year and is expected to reach $25.08 million in 2021 with a CAGR of 13.22 per cent from 2018.

China ($264.63 million), Czech Republic ($20.53 million) and Indonesia ($12.37 million) were the key exporters of electric blankets across the globe in 2018, together comprising 92.88 per cent of total export. These were followed by US ($3.32 million), Germany ($2.63 million) and Hungary ($2.61 million).

From 2013 to 2018, the most notable rate of growth in terms of export value, amongst the main exporting countries, was attained by China (10.62 per cent) and Indonesia (15.85 per cent).

US ($119.06 million), Japan ($34.53 million), UK (18.41 million) and Australia ($14.17 million) were the key importers of electric blankets across the globe in 2018, together comprising 72.89 per cent of total import. These were followed by Canada ($8.73 million), Germany ($6.69 million), Chile ($5.53 million) and Netherlands ($4.51 million).

From 2013 to 2018, the most notable rate of growth in terms of export volume, amongst the main importing countries, was attained by the US (54.31 per cent).

Fibre2Fashion News Desk (JL)

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