China: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in China

The Chinese electric oven and cooker market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption showed notable growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in China

In value terms, electric oven and cooker production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Electric oven and cooker production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from China

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, posted a measured expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, electric oven and cooker exports declined to $X in 2022. Overall, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for electric oven and cooker exports from China, with a X% share of total exports. Moreover, electric oven and cooker exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), threefold. The third position in this ranking was taken by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from China, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Japan (X% per year).

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price saw a moderate expansion. The pace of growth appeared the most rapid in 2015 an increase of X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into China

After two years of growth, purchases abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units in 2022. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, electric oven and cooker imports shrank to $X in 2022. Overall, imports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X units), Japan (X units) and Germany (X units) were the main suppliers of electric oven and cooker imports to China, together accounting for X% of total imports. France, Spain, Italy and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven and cooker suppliers to China were Germany ($X), Japan ($X) and France ($X), together accounting for X% of total imports.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, shrinking by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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