Appliance Part Brush Market

The article discusses the forecasted growth of the global appliance part brush market in terms of volume and value over the period from 2022 to 2030. It highlights trends in consumption, production, imports, and exports, as well as key players in the market such as China, Germany, and the United States. The data reveals fluctuations in market performance over the years and showcases the varying growth rates amongst different countries in the industry.

Market Forecast

Driven by increasing demand for brushes constituting parts of appliances worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market volume to 1.3B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.3% for the period from 2022 to 2030, which is projected to bring the market value to $3.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Brushes Constituting Parts Of Appliances

In 2022, global appliance part brush consumption amounted to 1.1B units, increasing by 5.6% compared with the previous year. The total consumption volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption reached the peak volume in 2022 and is likely to continue growth in the near future.

The global appliance part brush market value rose modestly to $2.3B in 2022, growing by 3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $2.3B; afterwards, it flattened through to 2022.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Germany (369M units), China (215M units) and India (85M units), together comprising 61% of global consumption.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +7.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($421M), Germany ($318M) and India ($141M) appeared to be the countries with the highest levels of market value in 2022, with a combined 39% share of the global market.

India, with a CAGR of +5.8%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of appliance part brush per capita consumption was registered in Germany (4,445 units per 1000 persons), followed by Canada (509 units per 1000 persons), the UK (376 units per 1000 persons) and Japan (284 units per 1000 persons), while the world average per capita consumption of appliance part brush was estimated at 1.9 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the appliance part brush per capita consumption in Germany totaled +7.0%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Canada (+3.8% per year) and the UK (-0.6% per year).

Production

World Production of Brushes Constituting Parts Of Appliances

In 2022, global appliance part brush production expanded modestly to 1.4B units, increasing by 3.1% compared with 2021 figures. In general, the total production indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +58.0% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 46% against the previous year. Over the period under review, global production hit record highs in 2022 and is likely to continue growth in years to come.

In value terms, appliance part brush production reached $2.3B in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 41%. As a result, production attained the peak level of $2.9B. From 2014 to 2022, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (648M units), Germany (376M units) and India (71M units), with a combined 78% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Germany (with a CAGR of +5.6%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Brushes Constituting Parts Of Appliances

In 2022, after five years of growth, there was decline in supplies from abroad of brushes constituting parts of appliances, when their volume decreased by -3.8% to 409M units. In general, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.4% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 425M units, and then fell in the following year.

In value terms, appliance part brush imports contracted modestly to $1.1B in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +25.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $1.1B, and then reduced in the following year.

Imports By Country

China (76M units) and the United States (71M units) represented the major importers of brushes constituting parts of appliances in 2022, amounting to near 19% and 17% of total imports, respectively. Russia (22M units) ranks next in terms of the total imports with a 5.4% share, followed by Mexico (5%) and Germany (4.6%). India (16M units), Canada (12M units), Malaysia (9.6M units), Thailand (8.5M units), France (7.5M units), Belarus (7.4M units), Japan (7.3M units) and the Philippines (6.8M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +26.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest appliance part brush importing markets worldwide were the United States ($121M), Germany ($86M) and China ($79M), with a combined 27% share of global imports. Mexico, Canada, France, Japan, Malaysia, Russia, Thailand, India, Belarus and the Philippines lagged somewhat behind, together comprising a further 24%.

Among the main importing countries, the Philippines, with a CAGR of +30.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average appliance part brush import price stood at $2.6 per unit in 2022, picking up by 2.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 13%. Global import price peaked at $2.7 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($5.7 per unit), while India ($0.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+7.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Brushes Constituting Parts Of Appliances

In 2022, shipments abroad of brushes constituting parts of appliances decreased by -4.4% to 709M units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2018 when exports increased by 103%. Over the period under review, the global exports hit record highs at 741M units in 2021, and then contracted slightly in the following year.

In value terms, appliance part brush exports contracted slightly to $1.1B in 2022. In general, total exports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +50.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 23%. As a result, the exports attained the peak of $1.1B, and then shrank in the following year.

Exports By Country

China dominates exports structure, accounting for 509M units, which was near 72% of total exports in 2022. It was distantly followed by Hong Kong SAR (40M units), generating a 5.7% share of total exports. The following exporters - Germany (26M units), Vietnam (21M units) and the United States (18M units) - together made up 9.1% of total exports.

Exports from China increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, Vietnam (+23.9%) and Hong Kong SAR (+7.1%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.9% from 2012-2022. By contrast, the United States (-4.6%) and Germany (-6.9%) illustrated a downward trend over the same period. While the share of China (+8.2 p.p.), Vietnam (+2.4 p.p.) and Hong Kong SAR (+1.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-2.9 p.p.) and Germany (-6.4 p.p.) displayed negative dynamics.

In value terms, China ($291M), Germany ($223M) and the United States ($118M) were the countries with the highest levels of exports in 2022, with a combined 57% share of global exports. Vietnam and Hong Kong SAR lagged somewhat behind, together comprising a further 3.3%.

Among the main exporting countries, Hong Kong SAR, with a CAGR of +11.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average appliance part brush export price stood at $1.6 per unit in 2022, picking up by 1.6% against the previous year. In general, the export price continues to indicate mild growth. The pace of growth was the most pronounced in 2015 an increase of 60% against the previous year. Over the period under review, the average export prices attained the peak figure at $2.8 per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($8.6 per unit), while Hong Kong SAR ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform