Asia: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Asia

The Asian domestic electro-thermic appliances market expanded notably to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Domestic Electro-Thermic Appliances Production in Asia

In value terms, domestic electro-thermic appliances production shrank slightly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Domestic Electro-Thermic Appliances Exports

Exports in Asia

In 2022, after five years of growth, there was significant decline in overseas shipments of domestic electro-thermic appliances, when their volume decreased by X% to X units. Overall, exports, however, saw a pronounced expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then reduced in the following year.

In value terms, domestic electro-thermic appliances exports contracted to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to domestic electro-thermic appliances exports from China stood at X%. At the same time, Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) and Kyrgyzstan (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest domestic electro-thermic appliances supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Kyrgyzstan ($X), with less than X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%.

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price recorded pronounced growth. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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 China ($X per unit), while Kyrgyzstan amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Domestic Electro-Thermic Appliances Imports

Imports in Asia

In 2022, supplies from abroad of domestic electro-thermic appliances increased by less than X% to X units, rising for the seventh year in a row after three years of decline. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, domestic electro-thermic appliances imports totaled $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2014 indices. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The countries with the highest levels of domestic electro-thermic appliances imports in 2022 were Thailand (X units), Japan (X units), India (X units), the United Arab Emirates (X units), South Korea (X units) and Turkey (X units), together resulting at X% of total import. Iraq (X units), the Philippines (X units), Singapore (X units), Taiwan (Chinese) (X units), Malaysia (X units), Hong Kong SAR (X units) and Saudi Arabia (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic electro-thermic appliances importing markets in Asia were Japan ($X), South Korea ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Singapore, Saudi Arabia, Taiwan (Chinese), Turkey, Hong Kong SAR, India, Thailand, Iraq, Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Saudi Arabia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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