Overview of the Global Market for Electro-Thermic Appliances Or Domestic Purposes

Market Size for Electro-Thermic Appliances Or Domestic Purposes

In 2021, the global market for electro-thermic appliances or domestic purposes increased by 54% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption recorded a remarkable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Electro-Thermic Appliances Or Domestic Purposes

In value terms, electro-thermic appliances or domestic purposes production soared to $X in 2021 estimated in export price. Overall, production enjoyed a resilient expansion. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Electro-Thermic Appliances Or Domestic Purposes

Exports

For the fifth consecutive year, the global market recorded growth in shipments abroad of electro-thermic appliances or domestic purposes, which increased by 12% to X units in 2021. In general, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +99.5% against 2012 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 21%. Over the period under review, the global exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes exports soared to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +10.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +75.2% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Over the period under review, the global exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was near 79% of total exports in 2021. Germany (X units), the Netherlands (X units), Italy (X units) and France (X units) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electro-thermic appliances or domestic purposes exports from China stood at +7.2%. At the same time, the Netherlands (+30.2%), Germany (+23.4%), France (+17.1%) and Italy (+5.1%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +30.2% from 2012-2021. Germany (+2.6 p.p.) and the Netherlands (+2.6 p.p.) significantly strengthened its position in terms of the global exports, while China saw its share reduced by -5.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electro-thermic appliances or domestic purposes supplier worldwide, comprising 64% of global exports. The second position in the ranking was held by Germany ($X), with a 7% share of global exports. It was followed by France, with a 6% share.

In China, electro-thermic appliances or domestic purposes exports increased at an average annual rate of +10.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+14.8% per year) and France (+10.4% per year).

Export Prices by Country

The average export price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, increasing by 9.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was France ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the other global leaders experienced a decline in the export price figures.

Imports of Electro-Thermic Appliances Or Domestic Purposes

Imports

In 2021, the amount of electro-thermic appliances or domestic purposes imported worldwide soared to X units, increasing by 27% on the previous year's figure. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 +74.8% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electro-thermic appliances or domestic purposes imports skyrocketed to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.4% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the major importing country with an import of around X units, which finished at 32% of total imports. Germany (X units) took an 8.2% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (5.5%). Russia (X units), Italy (X units), Spain (X units), France (X units), Japan (X units), the UK (X units), Belgium (X units), Colombia (X units), Poland (X units) and India (X units) took a little share of total imports.

Imports into the United States increased at an average annual rate of +5.8% from 2012 to 2021. At the same time, the Netherlands (+27.9%), Belgium (+15.9%), Spain (+15.3%), Colombia (+14.9%), Germany (+10.9%), Poland (+8.8%), France (+7.5%), Italy (+5.7%), India (+3.2%), Russia (+1.2%) and Japan (+1.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of +27.9% from 2012-2021. The UK experienced a relatively flat trend pattern. From 2012 to 2021, the share of the Netherlands, Germany, the United States and Spain increased by +4.6, +3.4, +3.2 and +1.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported electro-thermic appliances or domestic purposes worldwide, comprising 23% of global imports. The second position in the ranking was held by Germany ($X), with an 8.3% share of global imports. It was followed by Japan, with a 5.4% share.

In the United States, electro-thermic appliances or domestic purposes imports increased at an average annual rate of +7.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+11.4% per year) and Japan (+3.6% per year).

Import Prices by Country

The average import price for electro-thermic appliances or domestic purposes stood at $X per unit in 2021, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 28%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+14.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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