United Kingdom: Market for Electro-Thermic Appliances Or Domestic Purposes 2022

Market Size for Electro-Thermic Appliances Or Domestic Purposes in the UK

The UK market for electro-thermic appliances or domestic purposes soared to $X in 2021, with an increase of 48% against the previous year. Overall, the total consumption indicated tangible growth 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 +52.1% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Electro-Thermic Appliances Or Domestic Purposes in the UK

In value terms, electro-thermic appliances or domestic purposes production expanded slightly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports from the UK

In 2021, the amount of electro-thermic appliances or domestic purposes exported from the UK contracted modestly to X units, falling by -2.2% against the year before. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 17%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electro-thermic appliances or domestic purposes exports dropped to $X in 2021. Over the period under review, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X units) was the main destination for electro-thermic appliances or domestic purposes exports from the UK, accounting for a 47% share of total exports. Moreover, electro-thermic appliances or domestic purposes exports to Ireland exceeded the volume sent to the second major destination, the Netherlands (X units), fivefold. The Czech Republic (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ireland totaled -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-0.8% per year) and the Czech Republic (+46.0% per year).

In value terms, Ireland ($X) remains the key foreign market for electro-thermic appliances or domestic purposes exports from the UK, comprising 47% of total exports. The second position in the ranking was taken by France ($X), with a 7.5% share of total exports. It was followed by the Netherlands, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Ireland stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+1.7% per year) and the Netherlands (-3.7% per year).

Export Prices by Country

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, waning by -12.6% against the previous year. Over the period under review, the export price, however, recorded prominent growth. The pace of growth appeared the most rapid in 2014 an increase of 27%. The export price peaked at $X per unit in 2020, and then reduced in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+36.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports into the UK

In 2021, electro-thermic appliances or domestic purposes imports into the UK soared to X units, increasing by 43% against the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, electro-thermic appliances or domestic purposes imports surged to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.2% 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 +53.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electro-thermic appliances or domestic purposes to the UK, accounting for a 82% share of total imports. Moreover, electro-thermic appliances or domestic purposes imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. The third position in this ranking was held by the Netherlands (X units), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-8.1% per year) and the Netherlands (+21.8% per year).

In value terms, China ($X) constituted the largest supplier of electro-thermic appliances or domestic purposes to the UK, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with an 8.3% share of total imports. It was followed by Belgium, with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.6% per year) and Belgium (+24.3% per year).

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, remaining stable against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2021: its price 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, electro-thermic appliances or domestic purposes import price increased by +20.2% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 51%. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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