Middle East: 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 the Middle East

In 2022, the Middle Eastern electric oven and cooker market increased by 8.2% to $X, rising for the fourth consecutive year after four years of decline. Overall, consumption enjoyed a prominent increase. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in the Middle East

In value terms, electric oven and cooker production declined markedly to $X in 2022 estimated in export price. Overall, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 102% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports in the Middle East

In 2022, after five years of growth, there was significant decline in shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, when their volume decreased by -14.2% to X units. The total export volume increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, electric oven and cooker exports contracted to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Turkey (X units) represented roughly 99% of total exports in 2022.

Turkey was also the fastest-growing in terms of the electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports, with a CAGR of +2.1% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest electric oven and cooker supplier in the Middle East.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +4.8%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, with an increase of 3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2021 when the export price increased by 15% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +2.6% per year.

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

Imports in the Middle East

In 2022, supplies from abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters increased by 2.4% to X units, rising for the fourth consecutive year after four years of decline. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 54%. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, electric oven and cooker imports rose slightly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +79.8% against 2018 indices. The growth pace was the most rapid in 2020 when imports increased by 22%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Saudi Arabia (X units), distantly followed by the United Arab Emirates (X units), Turkey (X units), Iraq (X units) and Israel (X units) were the major importers of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, together generating 93% of total imports. The following importers - Kuwait (X units) and Qatar (X units) - together made up 4.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Turkey (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest electric oven and cooker importing markets in the Middle East were Saudi Arabia ($X), Israel ($X) and the United Arab Emirates ($X), with a combined 65% share of total imports. Turkey, Iraq, Kuwait and Qatar lagged somewhat behind, together accounting for a further 30%.

Among the main importing countries, Iraq, with a CAGR of +13.9%, 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 import price in the Middle East amounted to $X per unit, picking up by 2.2% against the previous year. Overall, the import price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 an increase of 9.6%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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