Overview of the Global Market for Domestic, Non-Electric, Cooking Or Heating Appliances

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

The global market for domestic, non-electric, cooking or heating appliances expanded to $X in 2021, surging by 2.5% against the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 8.6%. Global consumption peaked in 2021 and is expected to retain growth in the near future.

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

In value terms, production of domestic, non-electric, cooking or heating appliances contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the production volume increased by 10%. Global production peaked at $X in 2020, and then dropped modestly in the following year.

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

Exports

In 2021, approx. X tons of domestic, non-electric, cooking or heating appliances were exported worldwide; picking up by 30% compared with the previous year. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% 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 +42.9% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of domestic, non-electric, cooking or heating appliances soared to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +72.7% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates appliances structure, resulting at X tons, which was near 66% of total exports in 2021. It was distantly followed by Turkey (X tons), making up a 9.9% share of total exports. Mexico (X tons), Italy (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +7.7% from 2012 to 2021. At the same time, Turkey (+10.4%), the Netherlands (+8.0%) and Mexico (+2.0%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.4% from 2012-2021. By contrast, Italy (-3.3%) illustrated a downward trend over the same period. While the share of China (+13 p.p.) and Turkey (+3.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Italy (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest domestic, non-electric, cooking or heating appliance supplier worldwide, comprising 51% of global exports. The second position in the ranking was held by Turkey ($X), with an 8% share of global exports. It was followed by Mexico, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +9.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+10.2% per year) and Mexico (+6.9% 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, growing by 7.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. As a result, the export price attained 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 2021, the country with the highest price was Italy ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.5%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, the amount of domestic, non-electric, cooking or heating appliances imported worldwide surged to X tons, jumping by 26% compared with 2020. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +73.8% against 2015 indices. 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 skyrocketed to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +70.2% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importing country with an import of around X tons, which amounted to 43% of total imports. It was distantly followed by Germany (X tons), committing a 5% share of total imports. The following importers - Canada (X tons), the UK (X tons), the Netherlands (X tons), France (X tons), Australia (X tons), Russia (X tons) and Saudi Arabia (X tons) - together made up 20% of total imports.

The United States was also the fastest-growing in terms of the domestic, non-electric, cooking or heating appliances imports, with a CAGR of +12.1% from 2012 to 2021. At the same time, Germany (+9.2%), the Netherlands (+5.1%), the UK (+5.0%), Canada (+4.7%), Saudi Arabia (+4.5%) and France (+2.6%) displayed positive paces of growth. By contrast, Australia (-1.3%) and Russia (-2.6%) illustrated a downward trend over the same period. The United States (+16 p.p.) significantly strengthened its position in terms of the global imports, while Australia and Russia saw its share reduced by -2.1% and -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported domestic, non-electric, cooking or heating appliances worldwide, comprising 39% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.8% share of global imports. It was followed by Canada, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value in the United States totaled +10.1%. In the other countries, the average annual rates were as follows: Germany (+10.0% per year) and Canada (+6.3% per year).

Import Prices by Country

The average import price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, increasing by 7% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. Global import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Netherlands ($X per ton) and Canada ($X per ton), while the United States ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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