Asia: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2023

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Asia

The Asian market for non-domestic percolators and equipment for cooking or heating food rose slightly to $X in 2022, surging by 3.4% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in Asia

In value terms, production of non-domestic percolators and equipment for cooking or heating food contracted slightly to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -17.4% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production of growth remained at a lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports in Asia

In 2022, the amount of non-domestic percolators and equipment for cooking or heating food exported in Asia was estimated at X units, growing by 4.2% against the previous year's figure. In general, exports posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 53%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when exports increased by 35%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The shipments of the one major exporters of non-domestic percolators and equipment for cooking or heating food, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the non-domestic percolators and equipment for cooking or heating food exports, with a CAGR of +11.1% from 2012 to 2022. While the share of China (+7.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-domestic percolators and equipment for cooking or heating food supplier in Asia.

From 2012 to 2022, the average annual growth rate of value in China stood at +15.1%.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by 20% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the export price increased by 24% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.7% per year.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports in Asia

Imports of non-domestic percolators and equipment for cooking or heating food skyrocketed to X units in 2022, rising by 32% compared with the previous year. Over the period under review, imports showed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

The purchases of the three major importers of non-domestic percolators and equipment for cooking or heating food, namely Malaysia, India and South Korea, represented more than third of total import. It was distantly followed by Japan (X units), comprising a 5.4% share of total imports. The following importers - Indonesia (X units), Kazakhstan (X units), China (X units), Qatar (X units), Taiwan (Chinese) (X units), Vietnam (X units), Thailand (X units), Hong Kong SAR (X units) and the United Arab Emirates (X units) - together made up 32% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +26.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the countries with the highest levels of imports in 2022, with a combined 38% share of total imports. The United Arab Emirates, Taiwan (Chinese), India, Indonesia, Thailand, Hong Kong SAR, Malaysia, Qatar, Vietnam and Kazakhstan lagged somewhat behind, together comprising a further 38%.

Vietnam, with a CAGR of +26.6%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, which is down by -10.6% against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2013 when the import price increased by 10% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :