
U.S. - Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights
U.S.: Domestic Appliances Market 2023
Domestic Appliances Market Size in the U.S.
The U.S. domestic appliances market soared to $X in 2021, surging by 25% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in years to come.
Domestic Appliances Production in the U.S.
In value terms, domestic appliances production declined to $X in 2021. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 14%. Domestic appliances production peaked at $X in 2020, and then shrank modestly in the following year.
Domestic Appliances Exports
Exports from the U.S.
In 2021, shipments abroad of domestic appliances was finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, showed a noticeable slump. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.
In value terms, domestic appliances exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Exports by Country
Canada (X units), Mexico (X units) and South Korea (X units) were the main destinations of domestic appliances exports from the United States, together comprising 63% of total exports.
From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +17.0%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, Canada ($X) remains the key foreign market for domestic appliances exports from the United States, comprising 52% of total exports. The second position in the ranking was held by Mexico ($X), with a 15% share of total exports. It was followed by Belgium, with a 4.1% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.6% per year) and Belgium (+5.6% per year).
Export Prices by Country
In 2021, the average domestic appliances export price amounted to $X per unit, dropping by -3.4% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2021: its price 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, domestic appliances export price increased by +71.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 51%. As a result, the export price reached the peak level of $X per unit, and then dropped in the following year.
Prices varied noticeably country of destination: the country with the highest price was Australia ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+19.0%), while the prices for the other major destinations experienced more modest paces of growth.
Domestic Appliances Imports
Imports into the U.S.
In 2021, approx. X units of domestic appliances were imported into the United States; growing by 19% against the previous year's figure. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.1% 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 +85.0% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, domestic appliances imports skyrocketed to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +85.4% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, China (X units) constituted the largest domestic appliances supplier to the United States, with a 74% share of total imports. Moreover, domestic appliances imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), eightfold. The third position in this ranking was taken by Vietnam (X units), with a 4.3% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.1% per year) and Vietnam (+41.8% per year).
In value terms, China ($X) constituted the largest supplier of domestic appliances to the United States, comprising 49% of total imports. The second position in the ranking was held by Mexico ($X), with a 22% share of total imports. It was followed by Thailand, with a 4.1% share.
From 2012 to 2021, the average annual growth rate of value from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.4% per year) and Thailand (+25.7% per year).
Import Prices by Country
The average domestic appliances import price stood at $X per unit in 2021, surging by 3.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 7.1% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.
Prices varied noticeably country of origin: the country with the highest price was Mexico ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the domestic appliances market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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