Eastern Asia: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Eastern Asia

In 2022, the East Asian market for domestic, non-electric, cooking or heating appliances increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Eastern Asia

In value terms, production of domestic, non-electric, cooking or heating appliances rose rapidly to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports in Eastern Asia

In 2022, overseas shipments of domestic, non-electric, cooking or heating appliances decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The volume of export peaked at X units in 2021, and then shrank in the following year.

In value terms, exports of domestic, non-electric, cooking or heating appliances dropped dramatically to $X in 2022. Total exports indicated a resilient 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then contracted significantly in the following year.

Exports by Country

In 2022, China (X units) was the main exporter of domestic, non-electric, cooking or heating appliances in Eastern Asia, achieving X% of total export.

China was also the fastest-growing in terms of the domestic, non-electric, cooking or heating appliances exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest domestic, non-electric, cooking or heating appliance supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 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, Non-Electric, Cooking Or Heating Appliances

Imports in Eastern Asia

After three years of growth, purchases abroad of domestic, non-electric, cooking or heating appliances decreased by X% to X units in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then fell in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances contracted to $X in 2022. Total imports indicated a pronounced 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, imports increased by X% against 2013 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and South Korea (X units) represented roughly X% of total imports in 2022. Hong Kong SAR (X units) took the next position in the ranking, followed by China (X units). All these countries together took near X% share of total imports.

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

In value terms, Japan ($X), Hong Kong SAR ($X) and South Korea ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. China and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 Eastern Asia stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the import price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :