U.S.: Domestic Toaster Market 2024

Domestic Toaster Market Size in the U.S.

In 2022, after two years of growth, there was significant decline in the U.S. domestic toaster market, when its value decreased by -10.7% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Domestic Toaster Production in the U.S.

In value terms, domestic toaster production surged to $X in 2022. Overall, production, however, showed a deep downturn. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Domestic Toaster Exports

Exports from the U.S.

In 2022, the amount of domestic electric toasters exported from the United States declined to X units, falling by -9.9% compared with the previous year's figure. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, domestic toaster exports dropped to $X in 2022. Overall, total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Canada (X units) was the main destination for domestic toaster exports from the United States, with a 71% share of total exports. Moreover, domestic toaster exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), sevenfold. The Dominican Republic (X units) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to Canada amounted to +6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.7% per year) and the Dominican Republic (+10.7% per year).

In value terms, Canada ($X) remains the key foreign market for domestic electric toasters exports from the United States, comprising 77% of total exports. The second position in the ranking was held by Mexico ($X), with a 7.7% share of total exports. It was followed by the Dominican Republic, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.7% per year) and the Dominican Republic (+10.6% per year).

Export Prices by Country

The average domestic toaster export price stood at $X per unit in 2022, rising by 2.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 50% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Mexico ($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 Colombia (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Toaster Imports

Imports into the U.S.

In 2022, after two years of growth, there was significant decline in overseas purchases of domestic electric toasters, when their volume decreased by -15.1% to X units. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 43%. Imports peaked at X units in 2021, and then contracted remarkably in the following year.

In value terms, domestic toaster imports declined to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 21%. Over the period under review, imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of domestic toaster to the United States, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of domestic electric toasters to the United States.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

The average domestic toaster import price stood at $X per unit in 2022, picking up by 4.5% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.1% per year.

Source: IndexBox Platform

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