India: 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 India

In 2022, the Indian electric oven and cooker market decreased by -28.2% to $X, falling for the second consecutive year after five years of growth. Overall, consumption showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, electric oven and cooker production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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

Exports from India

Electric oven and cooker exports from India surged to X units in 2022, growing by 32% on the previous year. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 57% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, electric oven and cooker exports soared to $X in 2022. Over the period under review, exports posted a prominent expansion. The growth pace was the most rapid in 2013 with an increase of 64% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Malaysia (X units) was the main destination for electric oven and cooker exports from India, with a 48% share of total exports. Moreover, electric oven and cooker exports to Malaysia exceeded the volume sent to the second major destination, Nepal (X units), fourfold. The third position in this ranking was taken by Sri Lanka (X units), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia stood at +122.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+37.4% per year) and Sri Lanka (+1.6% per year).

In value terms, Malaysia ($X), the United States ($X) and Nepal ($X) were the largest markets for electric oven and cooker exported from India worldwide, together accounting for 60% of total exports.

Malaysia, with a CAGR of +121.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, rising by 13% against the previous year. In general, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 export price increased by +18.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 51% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nepal ($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 (+11.8%), 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 India

In 2022, purchases abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -14.1% to X units, falling for the second year in a row after four years of growth. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 41% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, electric oven and cooker imports dropped to $X in 2022. Over the period under review, imports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 35% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest electric oven and cooker supplier to India, accounting for a 81% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+3.3% per year) and Hong Kong SAR (-15.1% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to India, comprising 85% of total imports. The second position in the ranking was taken by Turkey ($X), with a 2.5% share of total imports. It was followed by Hong Kong SAR, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.8% per year) and Hong Kong SAR (+2.5% per year).

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, surging by 3.4% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 increased by +70.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 65%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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