Northern America: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in Northern America

For the third year in a row, Northern America recorded growth in shipments abroad of electro-thermic appliances or domestic purposes, which increased by 26% to X units in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +10.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +44.0% against 2018 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 29%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, electro-thermic appliances or domestic purposes exports soared to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +65.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States dominates exports structure, finishing at X units, which was approx. 93% of total exports in 2021. It was distantly followed by Canada (X units), constituting a 6.7% share of total exports.

The United States was also the fastest-growing in terms of the electro-thermic appliances or domestic purposes exports, with a CAGR of +11.4% from 2012 to 2021. At the same time, Canada (+5.8%) displayed positive paces of growth. The United States (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -3.6% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest electro-thermic appliances or domestic purposes supplier in Northern America, comprising 84% of total exports. The second position in the ranking was held by Canada ($X), with a 16% share of total exports.

In the United States, electro-thermic appliances or domestic purposes exports expanded at an average annual rate of +6.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, picking up by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2017 when the export price increased by 12%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.1%).

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports in Northern America

In 2021, approx. X units of electro-thermic appliances or domestic purposes were imported in Northern America; growing by 25% compared with the year before. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% 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 +57.4% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes imports soared to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.9% 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 +82.0% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, accounting for X units, which was approx. 96% of total imports in 2021. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the electro-thermic appliances or domestic purposes imports, with a CAGR of +5.8% from 2012 to 2021. At the same time, Canada (+3.8%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported electro-thermic appliances or domestic purposes in Northern America, comprising 92% of total imports. The second position in the ranking was held by Canada ($X), with an 8.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +7.4%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, rising by 1.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 11%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.5%).

Source: IndexBox Platform

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