South-Eastern Asia: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in South-Eastern Asia

The Southeast Asian market for domestic, non-electric, cooking or heating appliances fell to $X in 2021, dropping by -5.5% against the previous year. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in South-Eastern Asia

In value terms, production of domestic, non-electric, cooking or heating appliances shrank to $X in 2021 estimated in export price. The total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +45.8% against 2012 indices. The growth pace was the most rapid in 2020 with an increase of 21% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

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

Exports in South-Eastern Asia

In 2021, exports of domestic, non-electric, cooking or heating appliances in South-Eastern Asia shrank to X tons, with a decrease of -9.4% against the previous year. Overall, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances expanded significantly to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

Vietnam represented the main exporting country with an export of about X tons, which recorded 64% of total exports. Indonesia (X tons) ranks second in terms of the total exports with a 17% share, followed by Thailand (9.7%). The following exporters - Singapore (X tons) and Malaysia (X tons) - each reached an 8.3% share of total exports.

Exports from Vietnam increased at an average annual rate of +1.9% from 2012 to 2021. At the same time, Thailand (+8.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +8.3% from 2012-2021. By contrast, Indonesia (-8.7%), Malaysia (-16.5%) and Singapore (-17.2%) illustrated a downward trend over the same period. While the share of Vietnam (+26 p.p.) and Thailand (+6.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-10 p.p.), Indonesia (-10.2 p.p.) and Singapore (-12.7 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 93% of total exports.

Thailand, with a CAGR of +26.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, jumping by 21% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for domestic, non-electric, cooking or heating appliances increased by +74.9% against 2012 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 24% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Thailand ($X per ton), while Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+17.0%), while the other leaders experienced more modest paces of growth.

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

Imports in South-Eastern Asia

After three years of decline, overseas purchases of domestic, non-electric, cooking or heating appliances increased by 15% to X tons in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 25%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of domestic, non-electric, cooking or heating appliances surged to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Philippines (X tons) and Malaysia (X tons) represented the main importers of domestic, non-electric, cooking or heating appliances in South-Eastern Asia, together finishing at near 54% of total imports. Thailand (X tons) ranks next in terms of the total imports with a 12% share, followed by Singapore (12%), Indonesia (7.8%) and Vietnam (6.5%). Myanmar (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +14.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Thailand ($X) and Malaysia ($X) were the countries with the highest levels of imports in 2021, with a combined 74% share of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +25.6%, recorded 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 13% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for domestic, non-electric, cooking or heating appliances increased by +92.4% against 2016 indices. The growth pace was the most rapid in 2018 when the import price increased by 25%. Over the period under review, import prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+18.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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