China: 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 China

The Chinese electric oven and cooker market amounted to $X in 2022, growing by 14% against the previous year. Over the period under review, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Electric oven and cooker consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in China

In value terms, electric oven and cooker production rose to $X in 2022 estimated in export price. Overall, production, however, recorded a tangible expansion. The growth pace was the most rapid in 2018 when the production volume increased by 115%. Electric oven and cooker production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from China

After five years of growth, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -18.8% to X units in 2022. In general, total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, the exports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, electric oven and cooker exports declined markedly to $X in 2022. Overall, exports, however, continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. As a result, the exports attained the peak of $X, and then dropped remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for electric oven and cooker exports from China, with a 19% share of total exports. Moreover, electric oven and cooker exports to the United States exceeded the volume sent to the second major destination, Vietnam (X units), threefold. The third position in this ranking was taken by Thailand (X units), with a 4.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+18.6% per year) and Thailand (+8.6% per year).

In value terms, the United States ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from China, comprising 24% of total exports. The second position in the ranking was held by Vietnam ($X), with a 5.9% share of total exports. It was followed by Japan, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+24.6% per year) and Japan (+3.5% per year).

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, increasing by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into China

In 2022, electric oven and cooker imports into China fell to X units, with a decrease of -3.6% on 2021 figures. Over the period under review, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 75% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, electric oven and cooker imports fell to $X in 2022. In general, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 53%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

South Korea (X units), Japan (X units) and Germany (X units) were the main suppliers of electric oven and cooker imports to China, with a combined 73% share of total imports. France, Spain, Italy and Malaysia lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +21.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven and cooker suppliers to China were Germany ($X), Japan ($X) and France ($X), together comprising 63% of total imports.

France, with a CAGR of +24.9%, recorded the highest growth rate of the value of imports, in terms of 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 2022, the average electric oven and cooker import price amounted to $X per unit, shrinking by -10% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric oven and cooker import price decreased by -14.5% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 61%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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