Asia: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in Asia

The Asian market for electro-thermic appliances or domestic purposes soared to $X in 2021, rising by 71% against the previous year. Overall, consumption saw buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electro-Thermic Appliances Or Domestic Purposes in Asia

In value terms, electro-thermic appliances or domestic purposes production surged to $X in 2021 estimated in export price. In general, production continues to indicate strong growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in Asia

In 2021, electro-thermic appliances or domestic purposes exports in Asia amounted to X units, growing by 9.6% compared with 2020 figures. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 +44.2% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 23% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.4% against 2016 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 25% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

China (X units) represented roughly 97% of total exports in 2021.

China was also the fastest-growing in terms of the electro-thermic appliances or domestic purposes exports, with a CAGR of +7.2% from 2012 to 2021. While the share of China (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest electro-thermic appliances or domestic purposes supplier in Asia.

In China, electro-thermic appliances or domestic purposes exports increased at an average annual rate of +10.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, growing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +2.9% per year.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports in Asia

In 2021, the amount of electro-thermic appliances or domestic purposes imported in Asia declined to X units, shrinking by -5.1% on 2020. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 17%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes imports reached $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 23%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Japan (X units), India (X units), South Korea (X units), Thailand (X units), the United Arab Emirates (X units) and Hong Kong SAR (X units) represented roughly 67% of total imports in 2021. Malaysia (X units), Iraq (X units), the Philippines (X units), Turkey (X units), Saudi Arabia (X units), Singapore (X units) and Taiwan (Chinese) (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported electro-thermic appliances or domestic purposes in Asia, comprising 34% of total imports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total imports. It was followed by Hong Kong SAR, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+13.0% per year) and Hong Kong SAR (+8.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, jumping by 18% against the previous year. Import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electro-thermic appliances or domestic purposes import price increased by +19.4% against 2018 indices. The pace of growth was the most pronounced in 2013 when the import price increased by 92% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while India ($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 (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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