Latin America and the Caribbean: 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 Latin America and the Caribbean

In 2022, the Latin American market for domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines increased by X% to $X, rising for the third year in a row after three years of decline. Overall, consumption posted a prominent expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Domestic Electro-Thermic Appliances other than Heaters, Dryers, Irons, Ovens, Toasters and Coffee Machines in Latin America and the Caribbean

In value terms, production of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2022, overseas shipments of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines increased by X% to X units, rising for the fourth consecutive year after six years of decline. Overall, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines reduced to $X in 2022. Total exports indicated a prominent 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 2014 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

Mexico prevails in machines structure, recording X units, which was near X% of total exports in 2022. Brazil (X units) followed a long way behind the leaders.

Mexico 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. Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico increased by X percentage points.

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

In Mexico, 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 Latin America and the Caribbean stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Mexico totaled $X per unit.

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

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

Imports in Latin America and the Caribbean

For the third year in a row, LatAmerica and the Caribbean recorded growth in overseas purchases of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines, which increased by X% to X units in 2022. Overall, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines expanded to $X in 2022. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Colombia (X units), distantly followed by Mexico (X units), Chile (X units), Argentina (X units), Peru (X units) and Ecuador (X units) represented the main importers of domestic electro-thermic appliances other than heaters, dryers, irons, ovens, toasters and coffee machines, together generating X% of total imports. Brazil (X units) followed a long way behind the leaders.

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

In value terms, Brazil ($X), Mexico ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Chile, Peru, Argentina and Ecuador lagged somewhat behind, together accounting for a further X%.

Chile, with a CAGR of X%, saw 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 Latin America and the Caribbean stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a slight slump. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Colombia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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