Latin America and the Caribbean: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Latin America and the Caribbean

After two years of growth, the Latin American market for domestic, non-electric, cooking or heating appliances decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a mild expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Latin America and the Caribbean

In value terms, production of domestic, non-electric, cooking or heating appliances amounted to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2022, exports of domestic, non-electric, cooking or heating appliances in Latin America and the Caribbean surged to X units, with an increase of X% against the previous year's figure. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, the exports of attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances shrank to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, Mexico (X units) was the key exporter of domestic, non-electric, cooking or heating appliances, constituting X% of total exports. Ecuador (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%). Peru (X units), Colombia (X units), Panama (X units) and Chile (X units) took a relatively small share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Panama (X%), Colombia (X%), Brazil (X%) and Ecuador (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) and Peru (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (X p.p.), Brazil (X p.p.) and Ecuador (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest domestic, non-electric, cooking or heating appliance supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Ecuador ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Brazil (X% per year).

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. Over the period under review, the export price, however, posted noticeable growth. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then shrank sharply in the following year.

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

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

Imports in Latin America and the Caribbean

In 2022, the amount of domestic, non-electric, cooking or heating appliances imported in Latin America and the Caribbean shrank notably to X units, reducing by X% against the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then fell remarkably in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances shrank sharply to $X in 2022. Total imports indicated a tangible 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 2020 indices. 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, and then dropped rapidly in the following year.

Imports by Country

Chile (X units) and Mexico (X units) represented the key importers of domestic, non-electric, cooking or heating appliances in 2022, accounting for near X% and X% of total imports, respectively. It was distantly followed by Peru (X units), Brazil (X units), the Dominican Republic (X units) and Guatemala (X units), together mixing up a X% share of total imports. The following importers - Colombia (X units), El Salvador (X units), Bolivia (X units), Costa Rica (X units), Panama (X units), Honduras (X units) and Guyana (X units) - together made up X% of total imports.

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

In value terms, Mexico ($X), the Dominican Republic ($X) and Peru ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Mexico, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 the Dominican Republic ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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