Vietnam: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2025

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Vietnam

The Vietnamese electric oven and cooker market totaled $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.6% against 2020 indices. Electric oven and cooker consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in Vietnam

In value terms, electric oven and cooker production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 50% against the previous year. Electric oven and cooker production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports from Vietnam

For the third consecutive year, Vietnam recorded growth in overseas shipments of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, which increased by 17% to X units in 2022. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 97% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, electric oven and cooker exports expanded markedly to $X in 2022. In general, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 113%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Indonesia (X units) and Thailand (X units) were the main destinations of electric oven and cooker exports from Vietnam, with a combined 93% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +89.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric oven and cooker exported from Vietnam were the United States ($X), Indonesia ($X) and Thailand ($X), with a combined 89% share of total exports.

The United States, with a CAGR of +137.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electric oven and cooker export price amounted to $X per unit, falling by -8.3% against the previous year. In general, the export price showed a slight decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to the United States ($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 the United States (+25.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports into Vietnam

Electric oven and cooker imports into Vietnam contracted to X units in 2022, which is down by -13.3% on 2021. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, electric oven and cooker imports dropped dramatically to $X in 2022. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of $X, and then reduced remarkably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest electric oven and cooker supplier to Vietnam, with a 75% share of total imports. Moreover, electric oven and cooker imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. South Korea (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-2.1% per year) and South Korea (+7.0% per year).

In value terms, China ($X) constituted the largest supplier of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters to Vietnam, comprising 74% of total imports. The second position in the ranking was taken by Thailand ($X), with a 7.4% share of total imports. It was followed by South Korea, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-3.0% per year) and South Korea (+8.2% per year).

Import Prices by Country

The average electric oven and cooker import price stood at $X per unit in 2022, waning by -2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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