Malaysia: 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 Malaysia

The Malaysian electric oven and cooker market stood at $X in 2022, with an increase of 2.1% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.3% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, electric oven and cooker production reached $X in 2022 estimated in export price. Overall, production showed a notable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 133% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Malaysia

In 2022, electric oven and cooker exports from Malaysia rose rapidly to X units, growing by 12% against 2021. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 158%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, electric oven and cooker exports rose markedly to $X in 2022. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 255%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), Poland (X units) and South Korea (X units) were the main destinations of electric oven and cooker exports from Malaysia, with a combined 41% share of total exports. France, Italy, Singapore, Russia, the UK, Australia, Brunei Darussalam, Sweden, Kazakhstan and Japan lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +71.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), South Korea ($X) and France ($X) were the largest markets for electric oven and cooker exported from Malaysia worldwide, with a combined 44% share of total exports. Italy, Russia, Vietnam, the UK, Sweden, Kazakhstan, Singapore, Australia, Brunei Darussalam and Japan lagged somewhat behind, together comprising a further 35%.

Sweden, with a CAGR of +71.4%, recorded the highest growth rate of 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

In 2022, the average electric oven and cooker export price amounted to $X per unit, dropping by -4% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 63% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Japan ($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 South Korea (+11.9%), 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 Malaysia

In 2022, the amount of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters imported into Malaysia rose notably to X units, increasing by 13% compared with the previous year's figure. In general, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 49%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric oven and cooker imports reduced to $X in 2022. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of electric oven and cooker to Malaysia, with a 97% share of total imports. It was followed by Thailand (X units), with a 0.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +11.5%.

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Malaysia, comprising 95% of total imports. The second position in the ranking was taken by Thailand ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +11.1%.

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, with a decrease of -16.9% against the previous year. Overall, the import price recorded a noticeable descent. The pace of growth was the most pronounced in 2021 when the average import price increased by 45% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat 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 Thailand totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.4%).

Source: IndexBox Platform

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