Ireland: 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 Ireland

In 2022, after five years of growth, there was significant decline in the Irish electric oven and cooker market, when its value decreased by -6% to $X. Overall, consumption continues to indicate strong growth. As a result, consumption attained the peak level of $X, and then shrank in the following year.

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

Exports from Ireland

In 2022, overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by 0% to X units, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 39%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric oven and cooker exports totaled $X in 2022. Over the period under review, exports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2018 when exports increased by 17%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

The UK (X units) was the main destination for electric oven and cooker exports from Ireland, with a 94% share of total exports. It was followed by South Africa (X units), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+38.3% per year) and Germany (+8.5% per year).

From 2012 to 2022, the average annual growth rate of value to the UK totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+11.9% per year) and Germany (-13.8% per year).

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, stabilizing at the previous year. In general, the export price saw a modest expansion. The growth pace was the most rapid in 2020 an increase of 32% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Germany ($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 UK (+1.3%), while the prices for the other major destinations experienced a decline.

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

Imports into Ireland

In 2022, supplies from abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters increased by 10% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, imports posted a remarkable increase. The pace of growth was the most pronounced in 2019 when imports increased by 47% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, electric oven and cooker imports contracted to $X in 2022. Overall, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China (X units), Germany (X units) and Turkey (X units) were the main suppliers of electric oven and cooker imports to Ireland, together comprising 81% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +37.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), China ($X) and Turkey ($X) appeared to be the largest electric oven and cooker suppliers to Ireland, together accounting for 66% of total imports.

Among the main suppliers, China, with a CAGR of +25.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, reducing by -15.3% against the previous year. Overall, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of 20% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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