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

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

For the fourth consecutive year, the East Asian market for electro-thermic appliances or domestic purposes recorded growth in sales value, which increased by 117% to $X in 2021. In general, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electro-Thermic Appliances Or Domestic Purposes in Eastern Asia

In value terms, electro-thermic appliances or domestic purposes production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant increase. 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 Eastern Asia

In 2021, approx. X units of electro-thermic appliances or domestic purposes were exported in Eastern Asia; picking up by 9.2% on the previous year's figure. Total exports indicated a prominent expansion 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 +44.0% against 2016 indices. The growth pace was the most rapid in 2013 when exports increased by 23% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +10.0% 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 +77.3% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 25%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The shipments of the one major exporters of electro-thermic appliances or domestic purposes, namely China, represented more than two-thirds of total export.

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. While the share of China (+1.8 p.p.) increased significantly, 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 Eastern Asia.

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

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, growing by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. As a result, the export price attained 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 Eastern Asia

In 2021, approx. X units of electro-thermic appliances or domestic purposes were imported in Eastern Asia; increasing by 3.3% compared with 2020 figures. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 13%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 increased by +48.8% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan represented the largest importer of electro-thermic appliances or domestic purposes in Eastern Asia, with the volume of imports amounting to X units, which was near 44% of total imports in 2021. South Korea (X units) took the second position in the ranking, distantly followed by Hong Kong SAR (X units) and Taiwan (Chinese) (X units). All these countries together took approx. 54% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported electro-thermic appliances or domestic purposes in Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by Hong Kong SAR, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan amounted to +3.6%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+13.0% per year) and Hong Kong SAR (+8.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, growing by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import 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 ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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