Asia-Pacific: Market for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines 2024

Market Size for Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines in Asia-Pacific

The Asia-Pacific market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines rose markedly to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines in Asia-Pacific

In value terms, production of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines rose modestly to $X in 2022 estimated in export price. The total production indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Exports in Asia-Pacific

After five years of growth, shipments abroad of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines decreased by X% to X units in 2022. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines contracted to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

China dominates machines structure, amounting to X units, which was near X% of total exports in 2022. India (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines exports from China stood at X%. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) and India (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

In China, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price continues to indicate a modest increase. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines

Imports in Asia-Pacific

Imports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines fell to X units in 2022, waning by X% on the year before. In general, imports showed a deep contraction. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports of attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, India (X units), distantly followed by Japan (X units), Australia (X units), Thailand (X units) and South Korea (X units) represented the major importers of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines, together committing X% of total imports. The following importers - Bangladesh (X units), Hong Kong SAR (X units), the Philippines (X units), Taiwan (Chinese) (X units), Malaysia (X units), Singapore (X units), Vietnam (X units) and Myanmar (X units) - together made up X% of total imports.

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

In value terms, the largest domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines importing markets in Asia-Pacific were Japan ($X), Australia ($X) and South Korea ($X), together comprising X% of total imports. Taiwan (Chinese), Hong Kong SAR, India, Vietnam, Thailand, Singapore, Malaysia, the Philippines, Bangladesh and Myanmar lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of 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-Pacific stood at $X per unit in 2022, dropping by X% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then dropped slightly in the following year.

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 Vietnam ($X per unit), while Bangladesh ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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