Saudi Arabia: 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 Saudi Arabia

The Saudi electric oven and cooker market was estimated at $X in 2022, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a resilient expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

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

Exports from Saudi Arabia

In 2022, approx. X units of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were exported from Saudi Arabia; falling by -2.5% against 2021 figures. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,156% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, electric oven and cooker exports shrank notably to $X in 2022. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 808% against the previous year. As a result, the exports reached the peak of $X, and then reduced rapidly in the following year.

Exports by Country

South Africa (X units) was the main destination for electric oven and cooker exports from Saudi Arabia, with a 98% share of total exports. It was followed by the UK (X units), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to South Africa amounted to +295.5%.

In value terms, South Africa ($X) emerged as the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Saudi Arabia, comprising 74% of total exports. The second position in the ranking was taken by the UK ($X), with a 26% share of total exports.

From 2012 to 2022, the average annual growth rate of value to South Africa stood at +153.3%.

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, which is down by -43.1% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2017 an increase of 283%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to South Africa totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+61.5%), 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 Saudi Arabia

In 2022, approx. X units of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were imported into Saudi Arabia; picking up by 3% against 2021. In general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2020 when imports increased by 63%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric oven and cooker imports declined to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.2% 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 +70.9% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 34% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, China (X units) was the main electric oven and cooker supplier to Saudi Arabia, with a 91% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.8% per year) and Turkey (+1.1% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Saudi Arabia, comprising 56% of total imports. The second position in the ranking was held by Italy ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.0% per year) and Turkey (+8.4% per year).

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, dropping by -7.7% against the previous year. Over the period under review, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2013 an increase of 23%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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