Asia: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Asia

The Asian market for domestic, non-electric, cooking or heating appliances contracted to $X in 2021, with a decrease of -14.1% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Asia

In value terms, production of domestic, non-electric, cooking or heating appliances shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 9.6%. As a result, production attained the peak level of $X, and then reduced slightly in the following year.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports in Asia

For the third consecutive year, Asia recorded growth in shipments abroad of domestic, non-electric, cooking or heating appliances, which increased by 35% to X tons in 2021. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.9% 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 +58.7% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. In general, exports posted a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the key exporter of domestic, non-electric, cooking or heating appliances, creating 84% of total exports. It was distantly followed by Turkey (X tons), achieving a 13% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to domestic, non-electric, cooking or heating appliance exports from China stood at +7.7%. At the same time, Turkey (+10.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.4% from 2012-2021. From 2012 to 2021, the share of Turkey increased by +2.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest domestic, non-electric, cooking or heating appliance supplier in Asia, comprising 81% of total exports. The second position in the ranking was held by Turkey ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +9.5%.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, increasing by 8.1% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. Over the period under review, the export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.7%).

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports in Asia

In 2021, purchases abroad of domestic, non-electric, cooking or heating appliances increased by 16% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, imports of domestic, non-electric, cooking or heating appliances skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons) and Iraq (X tons) represented roughly 29% of total imports in 2021. Israel (X tons) took a 6.9% share (based on physical terms) of total imports, which put it in second place, followed by Japan (6.5%) and the United Arab Emirates (5.3%). The Philippines (X tons), South Korea (X tons), Malaysia (X tons), Hong Kong SAR (X tons), Kazakhstan (X tons), Oman (X tons), Lebanon (X tons) and Yemen (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic, non-electric, cooking or heating appliance importing markets in Asia were Saudi Arabia ($X), Iraq ($X) and Israel ($X), together accounting for 31% of total imports. These countries were followed by Japan, the United Arab Emirates, the Philippines, Malaysia, Hong Kong SAR, Kazakhstan, South Korea, Oman, Yemen and Lebanon, which together accounted for a further 37%.

The Philippines, with a CAGR of +25.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of 7.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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