Northern America: Domestic Appliances Market 2024

Domestic Appliances Market Size in Northern America

The North American domestic appliances market skyrocketed to $X in 2021, increasing by 24% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Domestic Appliances Production in Northern America

In value terms, domestic appliances production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 13%. The level of production peaked at $X in 2020, and then reduced slightly in the following year.

Domestic Appliances Exports

Exports in Northern America

In 2021, shipments abroad of domestic appliances was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a pronounced curtailment. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, domestic appliances exports soared to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the largest exporter of domestic appliances in Northern America, with the volume of exports recording X units, which was near 84% of total exports in 2021. It was distantly followed by Canada (X units), comprising a 16% share of total exports.

Exports from the United States decreased at an average annual rate of -4.3% from 2012 to 2021. Canada (-3.5%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest domestic appliances supplier in Northern America, comprising 87% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports.

In the United States, domestic appliances exports increased at an average annual rate of +1.5% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, with a decrease of -1.9% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, domestic appliances export price increased by +61.6% against 2017 indices. The most prominent rate of growth was recorded in 2020 an increase of 41% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced slightly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.1%).

Domestic Appliances Imports

Imports in Northern America

Domestic appliances imports skyrocketed to X units in 2021, with an increase of 19% against the previous year's figure. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% 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 +77.4% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, domestic appliances imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 +77.4% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the main importing country with an import of about X units, which recorded 88% of total imports. It was distantly followed by Canada (X units), committing an 11% share of total imports.

The United States was also the fastest-growing in terms of the domestic appliances imports, with a CAGR of +7.1% from 2012 to 2021. At the same time, Canada (+3.4%) displayed positive paces of growth. While the share of the United States (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-3.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported domestic appliances in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +7.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, rising by 4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 6.8% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :