Southern Asia: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in Southern Asia

The South Asian domestic electro-thermic appliances market shrank modestly to $X in 2022, waning by X% against the previous year. The total consumption indicated a resilient 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 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Domestic Electro-Thermic Appliances Production in Southern Asia

In value terms, domestic electro-thermic appliances production contracted slightly to $X in 2022 estimated in export price. The total production indicated a buoyant 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 decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Domestic Electro-Thermic Appliances Exports

Exports in Southern Asia

For the fourth year in a row, Southern Asia recorded growth in overseas shipments of domestic electro-thermic appliances, which increased by X% to X units in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, domestic electro-thermic appliances exports surged to $X in 2022. Over the period under review, exports recorded resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The biggest shipments were from India (X units), together resulting at X% of total export.

India was also the fastest-growing in terms of the domestic electro-thermic appliances exports, with a CAGR of X% from 2012 to 2022. India (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest domestic electro-thermic appliances supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Domestic Electro-Thermic Appliances Imports

Imports in Southern Asia

In 2022, purchases abroad of domestic electro-thermic appliances was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, domestic electro-thermic appliances imports dropped to $X in 2022. Total imports indicated a notable 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 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

India dominates imports structure, reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X units), creating a X% share of total imports. The following importers - Nepal (X units), Pakistan (X units) and Sri Lanka (X units) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to domestic electro-thermic appliances imports into India stood at X%. At the same time, Nepal (X%), Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Bangladesh increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported domestic electro-thermic appliances in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India stood at X%. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, waning by X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Nepal ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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