MERCOSUR: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in MERCOSUR

The MERCOSUR market for domestic, non-electric, cooking or heating appliances skyrocketed to $X in 2021, surging by 29% against the previous year. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in MERCOSUR

In value terms, production of domestic, non-electric, cooking or heating appliances amounted to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 3.6%. As a result, production reached the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports in MERCOSUR

In 2021, overseas shipments of domestic, non-electric, cooking or heating appliances increased by 75% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Ecuador was the key exporting country with an export of around X tons, which accounted for 62% of total exports. It was distantly followed by Brazil (X tons), Colombia (X tons) and Peru (X tons), together creating a 37% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to domestic, non-electric, cooking or heating appliance exports from Ecuador stood at +1.2%. At the same time, Peru (+16.5%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +16.5% from 2012-2021. Colombia experienced a relatively flat trend pattern. By contrast, Brazil (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ecuador and Peru increased by +6.3 and +3.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ecuador ($X) remains the largest domestic, non-electric, cooking or heating appliance supplier in MERCOSUR, comprising 65% of total exports. The second position in the ranking was taken by Brazil ($X), with a 22% share of total exports. It was followed by Colombia, with a 6.3% share.

In Ecuador, exports of domestic, non-electric, cooking or heating appliances expanded at an average annual rate of +1.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-4.8% per year) and Colombia (-2.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, with an increase of 7.5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Colombia ($X per ton) and Peru ($X per ton), while Brazil ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+6.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports in MERCOSUR

In 2021, approx. X tons of domestic, non-electric, cooking or heating appliances were imported in MERCOSUR; surging by 53% on 2020 figures. Total imports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of domestic, non-electric, cooking or heating appliances skyrocketed to $X in 2021. Total imports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +84.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Peru (X tons) and Chile (X tons) represented roughly 62% of total imports in 2021. Colombia (X tons) ranks next in terms of the total imports with an 8.1% share, followed by Uruguay (5%), Paraguay (4.8%), Ecuador (4.7%) and Brazil (4.5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +13.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic, non-electric, cooking or heating appliance importing markets in MERCOSUR were Chile ($X), Peru ($X) and Colombia ($X), together comprising 73% of total imports.

Chile, with a CAGR of +16.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, with an increase of 15% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform