Macedonia: Home Appliance Market 2020

Home Appliance Market Size in Macedonia

The revenue of the home appliance market in Macedonia amounted to $X in 2018, declining by -X% against the previous year. In general, home appliance consumption continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. In that year, the home appliance market attained its peak level of $X. From 2009 to 2018, the growth of the home appliance market failed to regain its momentum.

Home Appliance Production in Macedonia

In value terms, home appliance production amounted to $X in 2018 estimated in export prices. In general, home appliance production continues to indicate tangible growth. The pace of growth appeared the most rapid in 2009 with an increase of X% against the previous year. Over the period under review, home appliance production attained its peak figure level at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Home Appliance Exports

Exports from Macedonia

Home appliance exports from Macedonia amounted to X tons in 2018, rising by X% against the previous year. Overall, home appliance exports, however, continue to indicate a temperate deduction. The pace of growth appeared the most rapid in 2009 with an increase of X% year-to-year. Macedonia exports peaked at X tons in 2011; however, from 2012 to 2018, exports stood at a somewhat lower figure.

In value terms, home appliance exports stood at $X in 2018. Overall, home appliance exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2009 when exports increased by X% against the previous year. Macedonia exports peaked at $X in 2011; however, from 2012 to 2018, exports remained at a lower figure.

Exports by Country

China dominates home appliance exports structure, accounting for X tons, which was approx. X% of total exports in 2018. Turkey (X tons) ranks second in terms of the total exports with a X% share, followed by Mexico (X%) and the U.S. (X%). Italy (X tons), Belarus (X tons), Germany (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2018. At the same time, Mexico (+X%), the U.S. (+X%), Turkey (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. Belarus experienced a relatively flat trend pattern. By contrast, Ecuador (-X%) and Italy (-X%) illustrated a downward trend over the same period. China (+X p.p.), Mexico (+X p.p.) and Turkey (+X p.p.) significantly strengthened its position in terms of the global exports, while Italy saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest home appliance supplier from Macedonia, comprising X% of global exports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global exports. It was followed by Italy, with a X% share.

In China, home appliance exports increased at an average annual rate of +X% over the period from 2007-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+X% per year) and Italy (-X% per year).

Export Prices by Country

In 2018, the home appliance export price in Macedonia amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the home appliance export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. In that year, the export prices for domestic, non-electric, cooking or heating appliances attained their peak level of $X per ton. From 2009 to 2018, the growth in terms of the export prices for domestic, non-electric, cooking or heating appliances failed to regain its momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Italy ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Home Appliance Imports

Imports into Macedonia

In 2018, approx. X tons of domestic, non-electric, cooking or heating appliances were imported into Macedonia; dropping by -X% against the previous year. Over the period under review, home appliance imports continue to indicate a drastic downturn. The growth pace was the most rapid in 2011 when imports decreased by -X% y-o-y. Over the period under review, home appliance imports reached their maximum at X tons in 2007; however, from 2008 to 2018, imports stood at a somewhat lower figure.

In value terms, home appliance imports stood at $X in 2018. Over the period under review, home appliance imports continue to indicate an abrupt curtailment. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Macedonia imports peaked at $X in 2008; however, from 2009 to 2018, imports stood at a somewhat lower figure.

Imports by Country

The U.S. was the major importer of domestic, non-electric, cooking or heating appliances imported in the world, with the volume of imports recording X tons, which was near X% of total imports in 2018. It was distantly followed by Germany (X tons), comprising a X% share of total imports. The UK (X tons), Canada (X tons), France (X tons), Russia (X tons), the Netherlands (X tons), Algeria (X tons), Australia (X tons) and Saudi Arabia (X tons) held a minor share of total imports.

The U.S. experienced a relatively flat trend pattern of domestic, non-electric, cooking or heating appliances imports. At the same time, Algeria (+X%), the Netherlands (+X%), Germany (+X%) and Saudi Arabia (+X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. Canada, the UK, Russia and France experienced a relatively flat trend pattern. By contrast, Australia (-X%) illustrated a downward trend over the same period. Algeria (+X p.p.), the U.S. (+X p.p.), Germany (+X p.p.) and the Netherlands (+X p.p.) significantly strengthened its position in terms of the global imports, while Australia saw its share reduced by -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported domestic, non-electric, cooking or heating appliances into Macedonia, comprising X% of global imports. The second position in the ranking was occupied by Germany ($X), with a X% share of global imports. It was followed by Canada, with a X% share.

In the U.S., home appliance imports increased at an average annual rate of +X% over the period from 2007-2018. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Canada (+X% per year).

Import Prices by Country

In 2018, the home appliance import price in Macedonia amounted to $X per ton, going up by X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the import price increased by X% year-to-year. Over the period under review, the import prices for domestic, non-electric, cooking or heating appliances reached their maximum at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Saudi Arabia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Saudi Arabia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform