Australia and Oceania: 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 Australia and Oceania

The electric oven and cooker market in Australia and Oceania contracted to $X in 2022, declining by -2.2% against the previous year. Overall, consumption, however, recorded a strong expansion. 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 Australia and Oceania

In value terms, electric oven and cooker production surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw significant growth. The growth pace was the most rapid in 2013 with an increase of 180,300% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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

Exports in Australia and Oceania

In 2022, approx. X units of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were exported in Australia and Oceania; with a decrease of -25.6% against the year before. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by 31% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electric oven and cooker exports soared to $X in 2022. Over the period under review, exports saw a mild slump. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia was the major exporting country with an export of about X units, which amounted to 77% of total exports. It was distantly followed by New Zealand (X units), achieving a 22% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric oven and cooker exports from Australia stood at -11.5%. At the same time, New Zealand (+3.4%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +3.4% from 2012-2022. New Zealand (+17 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -16.8% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest electric oven and cooker supplier in Australia and Oceania, comprising 86% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total exports.

In Australia, electric oven and cooker exports declined by an average annual rate of -1.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per unit, rising by 55% against the previous year. Overall, the export price enjoyed strong growth. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while New Zealand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+11.0%).

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

Imports in Australia and Oceania

In 2022, the amount of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters imported in Australia and Oceania reduced modestly to X units, falling by -2.2% against the previous year's figure. Over the period under review, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 73%. The volume of import peaked at X units in 2021, and then shrank slightly in the following year.

In value terms, electric oven and cooker imports shrank slightly to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.1% 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 +66.6% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 45%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Australia represented the main importer of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in Australia and Oceania, with the volume of imports resulting at X units, which was near 72% of total imports in 2022. It was distantly followed by New Zealand (X units), creating a 22% share of total imports. The following importers - Papua New Guinea (X units) and New Caledonia (X units) - each recorded a 3.3% share of total imports.

Imports into Australia increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, New Caledonia (+12.5%) and New Zealand (+5.7%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.5% from 2012-2022. By contrast, Papua New Guinea (-7.3%) illustrated a downward trend over the same period. Australia (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea saw its share reduced by -4.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported electric ovens, cookers, cooking plates, boiling rings, grillers and roasters in Australia and Oceania, comprising 77% of total imports. The second position in the ranking was held by New Zealand ($X), with a 21% share of total imports. It was followed by New Caledonia, with a 0.9% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +6.4%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+5.3% per year) and New Caledonia (+12.7% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, rising by 2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 51% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Papua New Guinea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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