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

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

The Asia-Pacific market for electro-thermic appliances or domestic purposes surged to $X in 2021, growing by 76% against the previous year. Overall, consumption showed a resilient increase. 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-Pacific

In value terms, electro-thermic appliances or domestic purposes production skyrocketed to $X in 2021 estimated in export price. In general, production saw buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in Asia-Pacific

In 2021, approx. X units of electro-thermic appliances or domestic purposes were exported in Asia-Pacific; with an increase of 9.3% on the previous year. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% 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 +43.9% against 2016 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 23%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, electro-thermic appliances or domestic purposes exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% 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 +75.7% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 24%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

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. China (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while 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-Pacific.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +10.3%.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, with an increase of 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. 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-Pacific

In 2021, imports of electro-thermic appliances or domestic purposes in Asia-Pacific reduced to X units, dropping by -9.8% on 2020 figures. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 13%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electro-thermic appliances or domestic purposes imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 16% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units), India (X units), Australia (X units), South Korea (X units), Thailand (X units) and Hong Kong SAR (X units) represented the key importer of electro-thermic appliances or domestic purposes in Asia-Pacific, making up 78% of total import. Malaysia (X units), the Philippines (X units), Singapore (X units), Taiwan (Chinese) (X units), Sri Lanka (X units) and Bangladesh (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 main importing countries, was attained by Bangladesh (with a CAGR of +12.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together comprising 64% of total imports.

South Korea, with a CAGR of +13.0%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2021, the import price in Asia-Pacific amounted to $X per unit, rising by 23% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +10.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electro-thermic appliances or domestic purposes import price increased by +29.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 98%. The level of import peaked in 2021 and is expected to retain 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 Japan ($X per unit), while Sri Lanka ($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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