Singapore: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2025

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Singapore

In 2022, the Singaporean electric oven and cooker market decreased by -6.8% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined in the following year.

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

Exports from Singapore

In 2022, electric oven and cooker exports from Singapore contracted notably to X units, waning by -23.3% compared with the year before. In general, exports saw a mild decline. The pace of growth was the most pronounced in 2018 with an increase of 32%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric oven and cooker exports expanded notably to $X in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 101% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for electric oven and cooker exports from Singapore, accounting for a 36% share of total exports. Moreover, electric oven and cooker exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), threefold. The third position in this ranking was held by Malaysia (X units), with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +43.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+128.6% per year) and Malaysia (-5.6% per year).

In value terms, the United States ($X) remains the key foreign market for electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports from Singapore, comprising 44% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total exports. It was followed by the UK, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +71.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+136.2% per year) and the UK (+81.2% per year).

Export Prices by Country

The average electric oven and cooker export price stood at $X per unit in 2022, picking up by 44% against the previous year. In general, the export price saw prominent growth. The pace of growth was the most pronounced in 2017 an increase of 64% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+20.7%), 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 Singapore

In 2022, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -16.7% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. Over the period under review, imports hit record highs at X units in 2021, and then declined markedly in the following year.

In value terms, electric oven and cooker imports fell to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric oven and cooker to Singapore, with a 77% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), more than tenfold. Malaysia (X units) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+50.4% per year) and Malaysia (+9.1% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Singapore, comprising 51% of total imports. The second position in the ranking was held by Indonesia ($X), with a 5.3% share of total imports. It was followed by Malaysia, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+51.5% per year) and Malaysia (+10.5% per year).

Import Prices by Country

In 2022, the average electric oven and cooker import price amounted to $X per unit, increasing by 9.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :