U.S.: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in the U.S.

The U.S. market for electro-thermic appliances or domestic purposes surged to $X in 2021, increasing by 28% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +45.6% against 2015 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from the U.S.

For the third consecutive year, the United States recorded growth in shipments abroad of electro-thermic appliances or domestic purposes, which increased by 19% to X units in 2021. In general, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 30%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 +45.0% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 30%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Canada (X units) was the main destination for electro-thermic appliances or domestic purposes exports from the United States, with a 55% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), twofold. The third position in this ranking was held by the Philippines (X units), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+31.4% per year) and the Philippines (+76.7% per year).

In value terms, Canada ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from the United States, comprising 61% of total exports. The second position in the ranking was held by Mexico ($X), with a 10% share of total exports. It was followed by the Philippines, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+13.4% per year) and the Philippines (+57.1% per year).

Export Prices by Country

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, rising by 1.6% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Malaysia ($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 the United Arab Emirates (+8.8%), while the prices for the other major destinations experienced a decline.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into the U.S.

Electro-thermic appliances or domestic purposes imports into the United States skyrocketed to X units in 2021, growing by 25% against the previous year's figure. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% 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 +59.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.4% 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 +47.1% against 2015 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 electro-thermic appliances or domestic purposes supplier to the United States, accounting for a 89% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-0.7% per year) and Taiwan (Chinese) (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to the United States, comprising 90% of total imports. The second position in the ranking was held by Mexico ($X), with a 3.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+6.1% per year) and Taiwan (Chinese) (-3.3% per year).

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, rising by 2.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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