Philippines: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2025

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

The Philippine market for domestic, non-electric, cooking or heating appliances was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption posted a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

Exports from the Philippines

In 2021, overseas shipments of domestic, non-electric, cooking or heating appliances increased by 3.3% to X tons, rising for the second year in a row after two years of decline. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 560% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 419%. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of domestic, non-electric, cooking or heating appliances from the Philippines, accounting for a 49% share of total exports. Moreover, exports of domestic, non-electric, cooking or heating appliances to Saudi Arabia exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled +118.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+231.7% per year) and Vietnam (+12.2% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for domestic, non-electric, cooking or heating appliances exports from the Philippines, comprising 67% of total exports. The second position in the ranking was held by the Netherlands ($X), with an 8.8% share of total exports. It was followed by Vietnam, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia totaled +138.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+286.1% per year) and Vietnam (+6.7% per year).

Export Prices by Country

The average export price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, jumping by 25% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 111%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ethiopia ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+329.5%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the Philippines

In 2021, purchases abroad of domestic, non-electric, cooking or heating appliances was finally on the rise to reach X tons after three years of decline. Over the period under review, imports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 40%. Over the period under review, imports of reached the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of domestic, non-electric, cooking or heating appliance to the Philippines, with a 77% share of total imports. Moreover, imports of domestic, non-electric, cooking or heating appliances from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+19.7% per year) and Italy (+18.3% per year).

In value terms, China ($X) constituted the largest supplier of domestic, non-electric, cooking or heating appliances to the Philippines, comprising 76% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.7% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +30.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+26.1% per year) and Italy (+33.5% per year).

Import Prices by Country

The average import price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, surging by 14% against the previous year. Overall, the import price showed resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 97% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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