ASEAN: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in ASEAN

The ASEAN domestic electro-thermic appliances market fell to $X in 2022, waning by X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Domestic Electro-Thermic Appliances Production in ASEAN

In value terms, domestic electro-thermic appliances production dropped to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Domestic Electro-Thermic Appliances Exports

Exports in ASEAN

In 2022, the amount of domestic electro-thermic appliances exported in ASEAN totaled X units, growing by X% on 2021. Total exports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, domestic electro-thermic appliances exports rose slightly to $X in 2022. In general, exports recorded strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Malaysia (X units), distantly followed by Thailand (X units), Singapore (X units), Indonesia (X units), Vietnam (X units) and Myanmar (X units) were the key exporters of domestic electro-thermic appliances, together generating X% of total exports. The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic electro-thermic appliances supplying countries in ASEAN were Malaysia ($X), Thailand ($X) and Singapore ($X), together comprising X% of total exports. Indonesia, the Philippines, Vietnam and Myanmar lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, falling by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per unit in 2021, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Domestic Electro-Thermic Appliances Imports

Imports in ASEAN

After two years of growth, supplies from abroad of domestic electro-thermic appliances decreased by X% to X units in 2022. In general, imports, however, saw slight growth. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then contracted sharply in the following year.

In value terms, domestic electro-thermic appliances imports totaled $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Thailand was the major importer of domestic electro-thermic appliances in ASEAN, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. The Philippines (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (X%), Vietnam (X%), Malaysia (X%) and Indonesia (X%). Myanmar (X units) followed a long way behind the leaders.

Thailand experienced a relatively flat trend pattern with regard to volume of imports of domestic electro-thermic appliances. At the same time, Myanmar (X%), the Philippines (X%), Indonesia (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. The Philippines (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest domestic electro-thermic appliances importing markets in ASEAN were Singapore ($X), Vietnam ($X) and Thailand ($X), with a combined X% share of total imports. Indonesia, Malaysia, the Philippines and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform