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

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

In 2021, after four years of growth, there was significant decline in the Chinese market for domestic, non-electric, cooking or heating appliances, when its value decreased by -55.8% to $X. Over the period under review, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped remarkably in the following year.

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

In value terms, production of domestic, non-electric, cooking or heating appliances dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% 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 2020 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

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

Exports from China

In 2021, shipments abroad of domestic, non-electric, cooking or heating appliances increased by 31% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 37% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of domestic, non-electric, cooking or heating appliances skyrocketed to $X in 2021. Over the period under review, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of domestic, non-electric, cooking or heating appliances from China, accounting for a 48% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to the United States exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. The third position in this ranking was taken by Canada (X tons), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+16.8% per year) and Canada (+4.1% per year).

In value terms, the United States ($X) remains the key foreign market for domestic, non-electric, cooking or heating appliances exports from China, comprising 40% of total exports. The second position in the ranking was held by Germany ($X), with a 7.1% share of total exports. It was followed by the Netherlands, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+18.8% per year) and the Netherlands (+17.5% per year).

Export Prices by Country

In 2021, the average export price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, picking up by 7.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2021, approx. X tons of domestic, non-electric, cooking or heating appliances were imported into China; growing by 50% against the year before. In general, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of domestic, non-electric, cooking or heating appliances rose notably to $X in 2021. Overall, imports recorded a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by 43% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The United Arab Emirates (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to China, together accounting for 61% of total imports. Italy, Taiwan (Chinese), Germany, Vietnam, South Korea, France, Spain and Hong Kong SAR lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +88.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic, non-electric, cooking or heating appliance suppliers to China were Japan ($X), Germany ($X) and Italy ($X), with a combined 51% share of total imports. France, the United States, Taiwan (Chinese), the United Arab Emirates, South Korea, Spain, Vietnam and Hong Kong SAR lagged somewhat behind, together comprising a further 37%.

Hong Kong SAR, with a CAGR of +87.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, waning by -25.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 72% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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