Latin America and the Caribbean: 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 Latin America and the Caribbean

In 2022, after two years of growth, there was significant decline in the Latin American electric oven and cooker market, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Latin America and the Caribbean

In value terms, electric oven and cooker production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric oven and cooker exports surged to $X in 2022. Overall, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Mexico prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Brazil (X units), committing a X% share of total exports. Colombia (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric oven and cooker exports from Mexico stood at X%. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Colombia (X p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest electric oven and cooker supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price showed a tangible expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Colombia ($X per unit) was amongst the lowest.

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

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

Imports in Latin America and the Caribbean

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. Overall, imports, however, recorded noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then shrank notably in the following year.

In value terms, electric oven and cooker imports fell markedly to $X in 2022. Total imports indicated measured 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

Brazil (X units) and Mexico (X units) represented roughly X% of total imports in 2022. Chile (X units) took the next position in the ranking, distantly followed by Argentina (X units). All these countries together held near X% share of total imports. Peru (X units), Honduras (X units) and Cuba (X units) held a relatively small share of total imports.

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

In value terms, the largest electric oven and cooker importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), together comprising X% of total imports.

Mexico, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, surging by X% against 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 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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 Honduras ($X per unit), while Mexico ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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