Italy: 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 Italy

The Italian electric oven and cooker market soared to $X in 2022, growing by 30% against the previous year. Overall, consumption recorded strong growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

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

In value terms, electric oven and cooker production soared to $X in 2022 estimated in export price. In general, production enjoyed moderate growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 106% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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

Exports from Italy

After three years of growth, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -19.4% to X units in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports attained the peak of X units, and then contracted markedly in the following year.

In value terms, electric oven and cooker exports reduced rapidly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, the exports attained the peak of $X, and then dropped markedly in the following year.

Exports by Country

France (X units), Germany (X units) and Poland (X units) were the main destinations of electric oven and cooker exports from Italy, together comprising 40% of total exports. The UK, Spain, Saudi Arabia, the Netherlands, Sweden, Australia, the United Arab Emirates, Romania, Slovakia and Russia lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +6.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for electric oven and cooker exported from Italy worldwide, together accounting for 32% of total exports. Poland, the Netherlands, Australia, Sweden, Saudi Arabia, Spain, Slovakia, Romania, Russia and the United Arab Emirates lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +7.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electric oven and cooker export price amounted to $X per unit, surging by 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Australia (+5.4%), 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 Italy

In 2022, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -17.1% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +27.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. As a result, imports reached the peak of X units, and then declined markedly in the following year.

In value terms, electric oven and cooker imports reduced to $X in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electric oven and cooker supplier to Italy, with a 41% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+11.6% per year) and Germany (+1.1% per year).

In value terms, the largest electric oven and cooker suppliers to Italy were Germany ($X), China ($X) and Turkey ($X), together comprising 58% of total imports. Poland, Spain, France, the Netherlands and Austria lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Austria, with a CAGR of +21.5%, recorded the highest growth rate of 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

In 2022, the average electric oven and cooker import price amounted to $X per unit, rising by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :