Turkey: Electric Blanket Market 2024

Electric Blanket Market Size in Turkey

In 2023, the Turkish electric blanket market increased by X% to $X, rising for the sixth year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Electric Blanket Production in Turkey

In value terms, electric blanket production shrank modestly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a noticeable downturn. The pace of growth was the most pronounced in 2022 when the production volume increased by X%. Electric blanket production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Electric Blanket Exports

Exports from Turkey

In 2023, approx. X units of electric blankets were exported from Turkey; which is down by X% against the previous year's figure. In general, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of X units. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, electric blanket exports declined dramatically to $X in 2023. Overall, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Ukraine (X units), Albania (X units) and Moldova (X units) were the main destinations of electric blanket exports from Turkey, with a combined X% share of total exports. Bulgaria, Cyprus, Spain, Belarus, Greece, Georgia, North Macedonia, Iraq and Libya lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Moldova ($X), Ukraine ($X) and Albania ($X) constituted the largest markets for electric blanket exported from Turkey worldwide, with a combined X% share of total exports. Spain, Greece, Bulgaria, Belarus, Cyprus, North Macedonia, Georgia, Iraq and Libya lagged somewhat behind, together accounting for a further X%.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 2023, falling by X% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per unit), while the average price for exports to Georgia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (X%), while the prices for the other major destinations experienced a decline.

Electric Blanket Imports

Imports into Turkey

In 2023, overseas purchases of electric blankets increased by X% to X units, rising for the fifth year in a row after two years of decline. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Imports peaked in 2023 and are expected to retain growth in the immediate term.

In value terms, electric blanket imports declined to $X in 2023. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then reduced slightly in the following year.

Imports by Country

In 2023, China (X units) constituted the largest supplier of electric blanket to Turkey, with a X% share of total imports. Moreover, electric blanket imports from China exceeded the figures recorded by the second-largest supplier, Denmark (X units), more than tenfold.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Switzerland (X% per year).

In value terms, Denmark ($X), China ($X) and Switzerland ($X) constituted the largest electric blanket suppliers to Turkey, together accounting for X% of total imports.

Among the main suppliers, Switzerland, with a CAGR of X.5%, saw the highest rates of growth with regard to 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

The average electric blanket import price stood at $X per unit in 2023, which is down by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform