Saudi Arabia: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Saudi Arabia

The Saudi domestic electro-thermic appliances market reduced to $X in 2022, dropping 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 throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2021, and then declined slightly in the following year.

Domestic Electro-Thermic Appliances Production in Saudi Arabia

In value terms, domestic electro-thermic appliances production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Domestic electro-thermic appliances production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Domestic Electro-Thermic Appliances Exports

Exports from Saudi Arabia

In 2022, exports of domestic electro-thermic appliances from Saudi Arabia reduced to X units, with a decrease of X% compared with the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, domestic electro-thermic appliances exports dropped dramatically to $X in 2022. Over the period under review, exports showed a mild slump. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped notably in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for domestic electro-thermic appliances exports from Saudi Arabia, with a X% share of total exports. Moreover, domestic electro-thermic appliances exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X units), twofold. Bahrain (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and Bahrain (X% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for domestic electro-thermic appliances exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Jordan ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Jordan (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average domestic electro-thermic appliances export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price showed a noticeable slump. The pace of growth was the most pronounced in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while the average price for exports to South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Eritrea (X%), while the prices for the other major destinations experienced mixed trend patterns.

Domestic Electro-Thermic Appliances Imports

Imports into Saudi Arabia

In 2022, domestic electro-thermic appliances imports into Saudi Arabia stood at X units, stabilizing at the previous year. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, domestic electro-thermic appliances imports fell to $X in 2022. Over the period under review, total imports indicated a prominent 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 2016 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank modestly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of domestic electro-thermic appliances to Saudi Arabia, with a X% share of total imports. Moreover, domestic electro-thermic appliances imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was taken by Turkey (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of domestic electro-thermic appliances to Saudi Arabia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2022, the average domestic electro-thermic appliances import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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