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

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

The Chinese market for electro-thermic appliances or domestic purposes soared to $X in 2021, rising by 75% against the previous year. In general, consumption posted resilient 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 China

In value terms, electro-thermic appliances or domestic purposes production fell to $X in 2021 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +75.2% against 2012 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 24%. As a result, production attained the peak level of $X, and then dropped in the following year.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from China

In 2021, the amount of electro-thermic appliances or domestic purposes exported from China expanded sharply to X units, with an increase of 9% compared with 2020. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.2% 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 +44.2% against 2016 indices. The growth pace was the most rapid in 2013 when exports increased by 20% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports soared to $X in 2021. In general, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +10.3% 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 +76.5% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 26%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for electro-thermic appliances or domestic purposes exports from China, with a 30% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to the United States exceeded the volume sent to the second major destination, Mexico (X units), fivefold. The third position in this ranking was taken by Russia (X units), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-3.5% per year) and Russia (+6.3% per year).

In value terms, the United States ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from China, comprising 30% of total exports. The second position in the ranking was taken by Japan ($X), with a 7.7% share of total exports. It was followed by Germany, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+4.2% per year) and Germany (+13.3% per year).

Export Prices by Country

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, with an increase of 12% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into China

In 2021, supplies from abroad of electro-thermic appliances or domestic purposes was finally on the rise to reach X units for the first time since 2015, thus ending a five-year declining trend. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 55% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes imports amounted to $X in 2021. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.5% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 44%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of electro-thermic appliances or domestic purposes imports to China, together comprising 77% of total imports. These countries were followed by Thailand, Germany, Italy, Slovakia, Indonesia, Hong Kong SAR, Malaysia and Turkey, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +166.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to China, comprising 42% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from South Korea amounted to +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.5% per year) and Taiwan (Chinese) (+5.7% per year).

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, flattening at the previous year. Overall, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of 31%. The import price peaked at $X per unit in 2020, and then contracted modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Slovakia ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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