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

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

The South Asian market for electro-thermic appliances or domestic purposes skyrocketed to $X in 2021, rising by 102% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electro-Thermic Appliances Or Domestic Purposes in Southern Asia

In value terms, electro-thermic appliances or domestic purposes production soared to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports in Southern Asia

In 2021, approx. X units of electro-thermic appliances or domestic purposes were exported in Southern Asia; with a decrease of -35.1% against the previous year's figure. Over the period under review, exports, however, posted a resilient increase. The growth pace was the most rapid in 2020 with an increase of 197% against the previous year. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, electro-thermic appliances or domestic purposes exports skyrocketed to $X in 2021. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 when exports increased by 64%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

The biggest shipments were from India (X units), together accounting for 99% of total export.

India was also the fastest-growing in terms of the electro-thermic appliances or domestic purposes exports, with a CAGR of +18.7% from 2012 to 2021. From 2012 to 2021, the share of India increased by +7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest electro-thermic appliances or domestic purposes supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India stood at +16.7%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, surging by 119% against the previous year. Over the period under review, the export price, however, showed a mild contraction. 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 stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -1.7% per year.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports in Southern Asia

In 2021, after seven years of growth, there was significant decline in overseas purchases of electro-thermic appliances or domestic purposes, when their volume decreased by -21.3% to X units. Overall, imports, however, saw noticeable growth. The growth pace was the most rapid in 2014 with an increase of 43%. Over the period under review, imports attained the peak figure at X units in 2020, and then dropped markedly in the following year.

In value terms, electro-thermic appliances or domestic purposes imports declined dramatically to $X in 2021. In general, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2020 when imports increased by 29%. As a result, imports reached the peak of $X, and then contracted significantly in the following year.

Imports by Country

India dominates imports structure, resulting at X units, which was approx. 74% of total imports in 2021. Sri Lanka (X units) ranks second in terms of the total imports with an 8.6% share, followed by Bangladesh (8.1%) and Nepal (6.1%). Pakistan (X units) followed a long way behind the leaders.

Imports into India increased at an average annual rate of +3.2% from 2012 to 2021. At the same time, Nepal (+41.0%), Bangladesh (+12.9%), Pakistan (+7.4%) and Sri Lanka (+2.9%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +41.0% from 2012-2021. Nepal (+5.7 p.p.) and Bangladesh (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -8.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported electro-thermic appliances or domestic purposes in Southern Asia, comprising 74% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an 8.4% share of total imports. It was followed by Sri Lanka, with a 7.4% share.

In India, electro-thermic appliances or domestic purposes imports increased at an average annual rate of +2.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bangladesh (+5.5% per year) and Sri Lanka (+4.2% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, stabilizing at the previous year. Overall, the import price, however, recorded a slight decline. The pace of growth appeared the most rapid in 2013 when the import price increased by 53% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Bangladesh ($X per unit) and India ($X per unit), while Nepal ($X per unit) and Sri Lanka ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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