Eastern Asia: 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 Eastern Asia

The East Asian market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines surged to $X in 2022, jumping by X% against the previous year. The total consumption indicated a modest 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 remained at a lower figure.

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

In value terms, production of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines totaled $X in 2022 estimated in export price. The total production indicated a temperate 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 most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in Eastern Asia

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 a resilient increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then fell sharply in the following year.

In value terms, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines dropped to $X in 2022. Total exports indicated resilient growth 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 with an increase of X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

In 2022, China (X units) represented the main exporter of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in Eastern Asia, making up X% of total export.

China was also the fastest-growing in terms of the domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines exports, with a CAGR of X% from 2012 to 2022. While the share of China (X 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 domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines supplier in Eastern Asia.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price recorded moderate growth. The growth pace was the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 X% per year.

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

Imports in Eastern Asia

After three years of growth, supplies from abroad of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines decreased by X% to X units in 2022. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked 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 significantly 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 in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Japan represented the key importer of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in Eastern Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. South Korea (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (X%) and Taiwan (Chinese) (X%). The following importers - China (X units) and Macao SAR (X units) - each recorded a X% share of total imports.

Imports into Japan decreased at an average annual rate of X% from 2012 to 2022. At the same time, Macao SAR (X%), South Korea (X%), China (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, South Korea, Taiwan (Chinese) and Macao SAR increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The growth pace was the most rapid in 2015 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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 ($X per unit), while Hong Kong SAR ($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

Frequently Asked Questions (FAQ) :