Latin America and the Caribbean: Gas Stove Market 2020

Gas Stove Market Size in Latin America and the Caribbean

The revenue of the gas stove market in Latin America and the Caribbean amounted to $X in 2017, growing by X% against the previous year. The total market indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas stove consumption increased by +X% against 2007 indices. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. The level of gas stove consumption peaked in 2017, and is likely to see steady growth in the immediate term.

Gas Stove Production in Latin America and the Caribbean

The gas stove production amounted to X units in 2017, reducing by -X% against the previous year. The gas stove production continues to indicate a drastic contraction. The growth pace was the most rapid in 2009, when it surged by X% year-to-year. In that year, the gas stove production reached their peak volume of X units. From 2010 to 2017, growth of the gas stove production failed to regain its momentum.

Gas Stove Exports in Latin America and the Caribbean

In 2017, the amount of iron or steel gas domestic cooking appliances and plate warmers (without an oven) exported in Latin America and the Caribbean stood at X units, remaining stable against the previous year. The gas stove exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2010, with an increase of X% against the previous year. Over the period under review, the gas stove exports attained its peak figure volume of X units in 2007; however, from 2008 to 2017, it failed to regain its momentum.

In value terms, gas stove exports amounted to $X in 2017. The total exports indicated a remarkable increase from 2007 to 2017: its value decreased at an average annual rate of -X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas stove exports increased by +X% against 2014 indices. The level of exports peaked in 2017, and are expected to retain its growth in the immediate term.

Gas Stove Exports by Country in Latin America and the Caribbean

Mexico was the largest exporter of iron or steel gas domestic cooking appliances and plate warmers (without an oven) in Latin America and the Caribbean, with the volume of exports recording X units, which was approx. X% of total exports in 2017. It was distantly followed by Ecuador (X units), Brazil (X units) and Colombia (X units), together generating X% share of total exports. Peru (X units) occupied the minor share of total exports.

From 2007 to 2017, average annual rates of growth with regard to gas stove exports from Mexico stood at +X%. At the same time, Colombia (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest growing exporter in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Ecuador (-X%), Peru (-X%) and Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Brazil increased by X% percentage points, while Mexico (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest gas stove supplier in Latin America and the Caribbean, making up X% of global exports. The second position in the ranking was occupied by Ecuador ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

In Mexico, gas stove exports increased at an average annual rate of +X% over the period from 2007-2017. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (-X% per year) and Brazil (-X% per year).

Gas Stove Export Prices by Country in Latin America and the Caribbean

In 2017, the gas stove export price in Latin America and the Caribbean amounted to $X per unit, jumping by X% against the previous year. The export price indicated a strong increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas stove export price increased by +X% against 2009 indices. The most prominent rate of growth was recorded in 2009, when the export prices increased by X% against the previous year. The level of export price peaked in 2017, and is expected to retain its growth in the near future.

Export prices varied noticeably by the country of destination; the country with the highest export price was Mexico ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Mexico (+X% per year), while the other leaders experienced more modest paces of growth.

Gas Stove Imports in Latin America and the Caribbean

In 2017, the amount of iron or steel gas domestic cooking appliances and plate warmers (without an oven) imported in Latin America and the Caribbean amounted to X units, increasing by X% against the previous year. The total imports indicated a strong growth from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas stove imports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2010, when it surged by X% year-to-year. The volume of imports peaked in 2017, and are likely to see steady growth in the near future.

In value terms, gas stove imports totaled $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the gas stove imports reached its maximum level of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Gas Stove Imports by Country in Latin America and the Caribbean

In 2017, Mexico (X units) was the key importer for iron or steel gas domestic cooking appliances and plate warmers (without an oven), comprising X% of total imports. Ecuador (X units) occupied a X% share (based on tons) of total imports, which put it in second place, followed by Brazil (X%) and Chile (X%). Peru (X units), Argentina (X units), the Dominican Republic (X units), Costa Rica (X units), Colombia (X units), Bolivia (X units) and Venezuela (X units) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to gas stove imports into Mexico stood at +X%. At the same time, Bolivia (+X%), Argentina (+X%), Brazil (+X%), Costa Rica (+X%), Ecuador (+X%), Chile (+X%), the Dominican Republic (+X%), Peru (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest growing importer in Latin America and the Caribbean, with a CAGR of +X% from 2007-2017. By contrast, Venezuela (-X%) illustrated a downward trend over the same period. Venezuela (X%) significantly strengthened its position in terms of the global imports, while Peru, Argentina, Chile, Brazil, Ecuador and Mexico saw its share reduced by -X%, -X%, -X%, -X%, -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported iron or steel gas domestic cooking appliances and plate warmers (without an oven) in Latin America and the Caribbean, making up X% of global imports. The second position in the ranking was occupied by Venezuela ($X), with a X% share of global imports. It was followed by the Dominican Republic, with a X% share.

In Mexico, gas stove imports increased at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Venezuela (-X% per year) and the Dominican Republic (+X% per year).

Gas Stove Import Prices by Country in Latin America and the Caribbean

The gas stove import price in Latin America and the Caribbean stood at $X per unit in 2017, reducing by -X% against the previous year. The gas stove import price continues to indicate a significant decrease. The pace of growth appeared the most rapid in 2011, an increase of X% year-to-year. Over the period under review, the import prices for iron or steel gas domestic cooking appliances and plate warmers (without an oven) reached its maximum level of $X per unit in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was Venezuela ($X per unit), while Ecuador ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Costa Rica (+X% per year), while the other leaders experienced more modest paces of growth.

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Source: IndexBox Platform