Hong Kong SAR, China - Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Electric Oven and Cooker in Hong Kong SAR - 2023
Contents:
- Price for Electric Oven and Cooker in Hong Kong SAR (CIF) - 2023
- Price for Electric Oven and Cooker in Hong Kong SAR (FOB) - 2023
- Imports of Electric Oven and Cooker in Hong Kong SAR
- Exports of Electric Oven and Cooker in Hong Kong SAR
Price for Electric Oven and Cooker in Hong Kong SAR (CIF) - 2023
The average electric oven and cooker import price stood at $57.3 per unit in September 2023, which is down by -2.6% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 49% month-to-month. Over the period under review, average import prices reached the maximum at $73.2 per unit in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($181 per unit), while the price for India ($27.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+0.8%), while the prices for the other major suppliers experienced a decline.
Price for Electric Oven and Cooker in Hong Kong SAR (FOB) - 2023
In September 2023, the average electric oven and cooker export price amounted to $86.6 per unit, growing by 45% against the previous month. Overall, export price indicated a modest expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, electric oven and cooker export price increased by +45.1% against August 2023 indices. Over the period under review, the average export prices reached the maximum at $93.8 per unit in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($190 per unit), while the average price for exports to Thailand ($14.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Oven and Cooker in Hong Kong SAR
Electric oven and cooker imports into Hong Kong SAR dropped remarkably to 2.1M units in 2022, waning by -57.2% against 2021. Over the period under review, imports showed a sharp reduction. The smallest decline of -1.4% was in 2021. Imports peaked at 5.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, electric oven and cooker imports declined dramatically to $111M in 2022. In general, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $180M, and then reduced remarkably in the following year.
| Import of Electric Oven and Cooker in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 110 | 124 | 141 | 70.5 | -13.8% |
| Japan | 14.1 | 10.7 | 11.9 | 11.0 | -7.9% |
| Thailand | 2.2 | 2.3 | 2.2 | 2.6 | 5.7% |
| Others | 21.9 | 22.4 | 24.6 | 26.8 | 7.0% |
| Total | 148 | 159 | 180 | 111 | -9.1% |
Top Suppliers of Electric Oven and Cooker to Hong Kong SAR in 2022:
- China (1904.8K units)
- Japan (61.9K units)
- Thailand (51.4K units)
Exports of Electric Oven and Cooker in Hong Kong SAR
In 2022, the amount of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exported from Hong Kong SAR contracted sharply to 797K units, waning by -74.6% compared with the previous year. Over the period under review, exports saw a sharp decline. The smallest decline of -8% was in 2021. Over the period under review, the exports reached the maximum at 3.9M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electric oven and cooker exports shrank markedly to $35M in 2022. Overall, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports attained the peak of $95M, and then fell markedly in the following year.
| Export of Electric Oven and Cooker in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 36.0 | 36.7 | 43.6 | 9.1 | -36.8% |
| United Arab Emirates | N/A | N/A | N/A | 4.7 | 0% |
| Macao SAR | 5.1 | 5.5 | 5.5 | 4.4 | -4.8% |
| Turkey | N/A | 0.1 | 0.1 | 3.7 | 508.3% |
| Japan | 1.0 | 6.0 | 13.9 | 2.6 | 37.5% |
| China | 6.6 | 3.9 | 3.9 | 2.1 | -31.7% |
| Singapore | 0.9 | 1.3 | 1.3 | 1.7 | 23.6% |
| Thailand | 0.4 | 0.3 | 0.7 | 0.7 | 20.5% |
| Canada | 15.2 | 12.0 | 6.1 | 0.5 | -68.0% |
| Mexico | 1.5 | 1.1 | 2.3 | 0.4 | -35.6% |
| Colombia | 0.6 | 1.6 | 3.8 | 0.4 | -12.6% |
| Taiwan (Chinese) | 4.1 | 3.2 | 2.1 | 0.1 | -71.0% |
| Others | 9.0 | 8.9 | 11.4 | 4.7 | -19.5% |
| Total | 80.4 | 80.5 | 94.7 | 35.0 | -24.2% |
Top Export Markets for Electric Oven and Cooker from Hong Kong SAR in 2022:
- United States (345.7K units)
- Turkey (68.7K units)
- Japan (55.2K units)
- Macao SAR (48.2K units)
- United Arab Emirates (46.6K units)
- China (36.2K units)
- Thailand (30.0K units)
- Singapore (23.2K units)
- Mexico (19.1K units)
- Colombia (16.8K units)
- Canada (14.9K units)
- Taiwan (Chinese) (1.0K units)
This report provides an in-depth analysis of the market for electric oven and cooker in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512810 - Domestic electric cookers with at least an oven and a hob (including combined gas-electric appliances)
- Prodcom 27512830 - Electric cooking plates, boiling rings and hobs for domestic use
- Prodcom 27512850 - Domestic electric grills and roasters
- Prodcom 27512870 - Domestic electric ovens for building-in
- Prodcom 27512890 - Domestic electric ovens (excluding those for building-in, m icrowave ovens)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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