South-Eastern Asia: Domestic Appliances Market 2024

Domestic Appliances Market Size in South-Eastern Asia

The Southeast Asian domestic appliances market reduced modestly to $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 9% against the previous year. As a result, consumption reached the peak level of $X, and then shrank slightly in the following year.

Domestic Appliances Production in South-Eastern Asia

In value terms, domestic appliances production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 10%. As a result, production attained the peak level of $X, and then reduced in the following year.

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Domestic Appliances Exports

Exports in South-Eastern Asia

In 2021, approx. X units of domestic appliances were exported in South-Eastern Asia; declining by -3.7% on the previous year. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 18%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, domestic appliances exports stood at $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.6% against 2012 indices. The pace of growth was the most pronounced in 2017 with an increase of 17%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from Vietnam (X units), Thailand (X units) and Malaysia (X units), together reaching 86% of total export. It was distantly followed by Indonesia (X units) and Singapore (X units), together making up a 13% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +11.2%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2021, together accounting for 86% of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +16.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, picking up by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.6%), while the other leaders experienced more modest paces of growth.

Domestic Appliances Imports

Imports in South-Eastern Asia

In 2021, the amount of domestic appliances imported in South-Eastern Asia rose slightly to X units, with an increase of 4.1% on 2020. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +10.0% against 2017 indices. The pace of growth was the most pronounced in 2016 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, domestic appliances imports soared to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.0% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of domestic appliances imports in 2021 were Indonesia (X units), Vietnam (X units), Thailand (X units), Malaysia (X units), Singapore (X units) and the Philippines (X units), together resulting at 96% of total import. Cambodia (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cambodia (with a CAGR of +19.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Singapore ($X) and Thailand ($X) were the countries with the highest levels of imports in 2021, with a combined 54% share of total imports. These countries were followed by Malaysia, Indonesia, the Philippines and Cambodia, which together accounted for a further 43%.

Cambodia, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 South-Eastern Asia stood at $X per unit in 2021, surging by 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+14.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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