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

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

In 2021, the South Asian market for domestic, non-electric, cooking or heating appliances decreased by -1.9% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +4.2% against 2015 indices. The level of consumption peaked at $X in 2020, and then declined modestly in the following year.

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

In value terms, production of domestic, non-electric, cooking or heating appliances shrank slightly to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then declined slightly in the following year.

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

Exports in Southern Asia

In 2021, exports of domestic, non-electric, cooking or heating appliances in Southern Asia skyrocketed to X tons, with an increase of 61% against the year before. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2013 with an increase of 114% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, exports of domestic, non-electric, cooking or heating appliances skyrocketed to $X in 2021. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 110%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

India dominates appliances structure, resulting at X tons, which was approx. 96% of total exports in 2021. Pakistan (X tons) held a minor share of total exports.

India was also the fastest-growing in terms of the domestic, non-electric, cooking or heating appliances exports, with a CAGR of +24.9% from 2012 to 2021. At the same time, Pakistan (+1.9%) displayed positive paces of growth. India (+21 p.p.) significantly strengthened its position in terms of the total exports, while Pakistan saw its share reduced by -12.5% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest domestic, non-electric, cooking or heating appliance supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was held by Pakistan ($X), with a 2.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India totaled +27.4%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, falling by -5.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2016 an increase of 22%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was India ($X per ton), while Pakistan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.5%).

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

Imports in Southern Asia

In 2021, after two years of decline, there was growth in purchases abroad of domestic, non-electric, cooking or heating appliances, when their volume increased by 4.3% to X tons. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 36% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of domestic, non-electric, cooking or heating appliances soared to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 39%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of domestic, non-electric, cooking or heating appliances, namely India, Sri Lanka and Bangladesh, represented more than two-thirds of total import. It was distantly followed by Nepal (X tons), comprising a 12% share of total imports. The following importers - Maldives (X tons) and Pakistan (X tons) - together made up 4.8% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +23.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Sri Lanka ($X) and Bangladesh ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 80% of total imports.

Bangladesh, with a CAGR of +21.2%, saw the highest growth rate of the value of imports, among the main importing countries 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 Southern Asia stood at $X per ton in 2021, surging by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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