Japan: 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 Japan

In 2022, the Japanese electric oven and cooker market decreased by -26.6% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then fell markedly in the following year.

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

Exports from Japan

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters increased by 23% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 92% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, electric oven and cooker exports rose notably to $X in 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by 60%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Vietnam (X units), Hong Kong SAR (X units) and Germany (X units) were the main destinations of electric oven and cooker exports from Japan, together accounting for 68% of total exports. Taiwan (Chinese), Cambodia and Indonesia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +68.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric oven and cooker exported from Japan were Vietnam ($X), Hong Kong SAR ($X) and Germany ($X), together accounting for 68% of total exports. Taiwan (Chinese), Cambodia and Indonesia lagged somewhat behind, together accounting for a further 26%.

Indonesia, with a CAGR of +66.8%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average electric oven and cooker export price amounted to $X per unit, declining by -6.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 16%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then reduced in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cambodia ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (-0.4%), 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 Japan

In 2022, after three years of growth, there was significant decline in purchases abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, when their volume decreased by -30.8% to X units. Over the period under review, total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 26%. Imports peaked at X units in 2021, and then dropped significantly in the following year.

In value terms, electric oven and cooker imports shrank notably to $X in 2022. Overall, total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 37% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, China (X units) was the main electric oven and cooker supplier to Japan, with a 93% share of total imports. It was followed by Germany (X units), with a 1.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.5%.

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Japan, comprising 93% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +1.5%.

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, picking up by 9.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Germany stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-0.1%).

Source: IndexBox Platform

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