United Kingdom: 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 the UK

After two years of growth, the UK electric oven and cooker market decreased by -9.2% to $X in 2022. The market value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 the UK

In value terms, electric oven and cooker production shrank modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 3%. Electric oven and cooker production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports from the UK

Electric oven and cooker exports from the UK reduced sharply to X units in 2022, dropping by -25% against the year before. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 30% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, electric oven and cooker exports dropped to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.0% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Ireland (X units) was the main destination for electric oven and cooker exports from the UK, with a 47% share of total exports. Moreover, electric oven and cooker exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. The third position in this ranking was held by Germany (X units), with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland totaled -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+20.5% per year) and Germany (-1.2% per year).

In value terms, Ireland ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from the UK, comprising 34% of total exports. The second position in the ranking was taken by the United States ($X), with a 17% share of total exports. It was followed by the Netherlands, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland stood at +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+53.2% per year) and the Netherlands (+15.4% per year).

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, increasing by 19% against the previous year. Over the period under review, the export price posted strong growth. The growth pace was the most rapid in 2021 an increase of 77%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

In 2022, supplies from abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -15.9% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 21%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric oven and cooker imports dropped to $X in 2022. The total import value increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 33%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric oven and cooker to the UK, with a 65% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. The third position in this ranking was taken by Poland (X units), with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+2.6% per year) and Poland (+4.6% per year).

In value terms, the largest electric oven and cooker suppliers to the UK were China ($X), Germany ($X) and Turkey ($X), together accounting for 64% of total imports.

China, with a CAGR of +8.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, rising by 8.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :