South-Eastern Asia: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in South-Eastern Asia

In 2021, the Southeast Asian market for electro-thermic appliances or domestic purposes decreased by -50.2% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a sharp slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Electro-Thermic Appliances Or Domestic Purposes in South-Eastern Asia

In value terms, electro-thermic appliances or domestic purposes production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt decline. The growth pace was the most rapid in 2019 when the production volume increased by 31% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in South-Eastern Asia

In 2021, shipments abroad of electro-thermic appliances or domestic purposes increased by 33% to X units, rising for the second year in a row after two years of decline. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +68.7% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports plummeted to $X in 2021. In general, exports, however, continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand was the main exporter of electro-thermic appliances or domestic purposes in South-Eastern Asia, with the volume of exports resulting at X units, which was approx. 70% of total exports in 2021. Singapore (X units) took the second position in the ranking, followed by Vietnam (X units) and Malaysia (X units). All these countries together held approx. 25% share of total exports. Indonesia (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electro-thermic appliances or domestic purposes exports from Thailand stood at +7.3%. At the same time, Indonesia (+31.5%) and Singapore (+4.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.5% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, Vietnam (-2.3%) illustrated a downward trend over the same period. While the share of Thailand (+10 p.p.) and Indonesia (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-4.4 p.p.) and Vietnam (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest electro-thermic appliances or domestic purposes supplier in South-Eastern Asia, comprising 47% of total exports. The second position in the ranking was held by Singapore ($X), with a 21% share of total exports. It was followed by Indonesia, with an 11% share.

In Thailand, electro-thermic appliances or domestic purposes exports shrank by an average annual rate of -8.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+12.5% per year) and Indonesia (+32.7% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, falling by -37.8% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 16%. 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 Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.3%), while the other leaders experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports in South-Eastern Asia

In 2021, overseas purchases of electro-thermic appliances or domestic purposes decreased by -19.8% to X units, falling for the third year in a row after two years of growth. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 32% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electro-thermic appliances or domestic purposes imports declined sharply to $X in 2021. In general, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2014 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X units) was the key importer of electro-thermic appliances or domestic purposes, achieving 49% of total imports. It was distantly followed by Malaysia (X units), the Philippines (X units), Singapore (X units) and Vietnam (X units), together mixing up a 45% share of total imports. Indonesia (X units) held a little share of total imports.

Imports into Thailand decreased at an average annual rate of -22.3% from 2012 to 2021. At the same time, Malaysia (+7.6%) and Singapore (+6.4%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +7.6% from 2012-2021. By contrast, the Philippines (-1.3%), Vietnam (-4.7%) and Indonesia (-15.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia, the Philippines, Singapore and Vietnam increased by +14, +10, +9.2 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electro-thermic appliances or domestic purposes importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Singapore ($X), together comprising 61% of total imports. Malaysia, the Philippines and Indonesia lagged somewhat behind, together comprising a further 36%.

Among the main importing countries, Malaysia, with a CAGR of +5.3%, saw the highest rates of growth with regard to 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

The import price in South-Eastern Asia stood at $X per unit in 2021, with a decrease of -11% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when the import price increased by 197% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020, and then contracted in the following year.

Prices varied noticeably country of destination: the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+20.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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