MERCOSUR: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2024

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in MERCOSUR

The MERCOSUR market for domestic, non-electric, cooking or heating appliances expanded slightly to $X in 2022, surging by X% against the previous year. The total consumption indicated a noticeable 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, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in MERCOSUR

In value terms, production of domestic, non-electric, cooking or heating appliances fell modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports in MERCOSUR

In 2022, after two years of growth, there was significant decline in overseas shipments of domestic, non-electric, cooking or heating appliances, when their volume decreased by X% to X units. Over the period under review, exports showed a perceptible decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, exports of domestic, non-electric, cooking or heating appliances dropped significantly to $X in 2022. Overall, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X units) and Brazil (X units) prevails in appliances structure, together committing X% of total exports. It was distantly followed by Peru (X units), Colombia (X units) and Chile (X units), together mixing up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Ecuador ($X) remains the largest domestic, non-electric, cooking or heating appliance supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

In Ecuador, exports of domestic, non-electric, cooking or heating appliances contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Ecuador ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports in MERCOSUR

In 2022, purchases abroad of domestic, non-electric, cooking or heating appliances decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X%. The volume of import peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances declined notably to $X in 2022. Over the period under review, imports showed a mild contraction. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced sharply in the following year.

Imports by Country

In 2022, Chile (X units) represented the key importer of domestic, non-electric, cooking or heating appliances, generating X% of total imports. Peru (X units) ranks second in terms of the total imports with a X% share, followed by Brazil (X%), Colombia (X%), Guyana (X%) and Argentina (X%). Uruguay (X units) and Ecuador (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to domestic, non-electric, cooking or heating appliance imports into Chile stood at X%. At the same time, Argentina (X%), Guyana (X%), Ecuador (X%) and Peru (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Uruguay experienced a relatively flat trend pattern. By contrast, Colombia (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Argentina, Guyana and Peru increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X), Chile ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Brazil, Uruguay, Ecuador, Argentina and Guyana lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Argentina, 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 MERCOSUR amounted to $X per unit, dropping by X% against the previous year. Overall, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Peru ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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