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 Electric Blanket Import in United States Grows Dramatically to $422K in April 2023

 Electric Blanket Import in United States Grows Dramatically to $422K in April 2023

U.S. Electric Blanket Imports

In April 2023, after seven months of decline, there was significant growth in purchases abroad of electric blankets, when their volume increased by 44% to 25K units. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in July 2022 with an increase of 343% against the previous month. Over the period under review, imports reached the maximum at 2.1M units in August 2022; however, from September 2022 to April 2023, imports remained at a lower figure.

In value terms, electric blanket imports soared to $422K (IndexBox estimates) in April 2023. Overall, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in July 2022 when imports increased by 359% month-to-month. Imports peaked at 37M units in August 2022; however, from September 2022 to April 2023, imports stood at a somewhat lower figure.

Imports by Country

In April 2023, China (25K units) was the main supplier of electric blanket to the United States, accounting for a approximately 99.9% share of total imports.



From April 2022 to April 2023, the average monthly rate of growth in terms of volume from China amounted to -8.8%.

In value terms, China ($410K) constituted the largest supplier of electric blanket to the United States.

From April 2022 to April 2023, the average monthly rate of growth in terms of value from China amounted to -8.2%.

Import Prices by Country

In April 2023, the electric blanket price stood at $16.9 per unit (CIF, US), increasing by 122% against the previous month. Over the period under review, import price indicated a mild increase from April 2022 to April 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, electric blanket import price increased by +121.6% against March 2023 indices. Over the period under review, average import prices attained the peak figure at $19.8 per unit in July 2022; however, from August 2022 to April 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From April 2022 to April 2023, the rate of growth in terms of prices for China amounted to +0.7% per month.

Source: IndexBox Market Intelligence Platform 

The post  Electric Blanket Import in United States Grows Dramatically to $422K in April 2023 appeared first on Global Trade Magazine.

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