Asia: Domestic Appliances Market 2022

Domestic Appliances Market Size in Asia

The Asian domestic appliances market was estimated at $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Domestic Appliances Production in Asia

In value terms, domestic appliances production declined to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020, and then fell slightly in the following year.

Domestic Appliances Exports

Exports in Asia

In 2021, shipments abroad of domestic appliances decreased by -X% to X units, falling for the second year in a row after three years of growth. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, domestic appliances exports expanded markedly to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by X%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, China (X units) was the main exporter of domestic appliances, generating X% of total exports. It was distantly followed by Turkey (X units), comprising a X% share of total exports. South Korea (X units), Vietnam (X units) and Malaysia (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of domestic appliances. At the same time, Vietnam (+X%), Turkey (+X%), Malaysia (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. Turkey (+X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest domestic appliances supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+X% per year) and Malaysia (+X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, surging by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably countryorigin: the country with the highest price was Malaysia ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced more modest paces of growth.

Domestic Appliances Imports

Imports in Asia

In 2021, imports of domestic appliances in Asia stood at X units, increasing by X% on the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, domestic appliances imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Japan (X units), followed by China (X units), Turkey (X units), Vietnam (X units), South Korea (X units) and Thailand (X units) represented the largest importers of domestic appliances, together mixing up X% of total imports. The following importers - the United Arab Emirates (X units), India (X units), Iraq (X units), Singapore (X units), Indonesia (X units), Saudi Arabia (X units) and Hong Kong SAR (X units) - each reached a X% share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported domestic appliances in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Japan totaled +X%. In the other countries, the average annual rates were as follows: South Korea (+X% per year) and China (+X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, which is down by -X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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