China - Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Electric Oven and Cooker in China - 2023
Contents:
- Price for Electric Oven and Cooker in China (FOB) - 2023
- Price for Electric Oven and Cooker in China (CIF) - 2023
- Exports of Electric Oven and Cooker in China
- Imports of Electric Oven and Cooker in China
Price for Electric Oven and Cooker in China (FOB) - 2023
The average electric oven and cooker export price stood at $22.8 per unit in September 2023, standing approximately at the previous month. In general, the export price saw a slight decrease. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 9.2% m-o-m. Over the period under review, the average export prices reached the maximum at $28.3 per unit in March 2023; however, from April 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the UK ($35.5 per unit), while the average price for exports to the Philippines ($13.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electric Oven and Cooker in China (CIF) - 2023
The average electric oven and cooker import price stood at $336 per unit in September 2023, remaining constant against the previous month. Over the period under review, import price indicated a pronounced expansion from September 2022 to September 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, electric oven and cooker import price increased by +64.0% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 37% month-to-month. The import price peaked in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($931 per unit), while the price for South Korea ($132 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electric Oven and Cooker in China
After three years of growth, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by -17.5% to 278M units in 2022. The total export volume increased at an average annual rate of +2.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. As a result, the exports reached the peak of 337M units, and then declined markedly in the following year.
In value terms, electric oven and cooker exports contracted to $7.4B in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. As a result, the exports reached the peak of $8.6B, and then dropped in the following year.
| Export of Electric Oven and Cooker in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,727 | 2,090 | 2,387 | 1,743 | 0.3% |
| Vietnam | 150 | 285 | 418 | 438 | 42.9% |
| Japan | 320 | 423 | 425 | 370 | 5.0% |
| United Kingdom | 137 | 213 | 295 | 346 | 36.2% |
| Thailand | 112 | 201 | 266 | 263 | 32.9% |
| Germany | 181 | 212 | 331 | 244 | 10.5% |
| Netherlands | 169 | 205 | 317 | 243 | 12.9% |
| France | 160 | 207 | 276 | 223 | 11.7% |
| Russia | 135 | 166 | 231 | 223 | 18.2% |
| Philippines | 78.4 | 123 | 172 | 204 | 37.5% |
| Brazil | 182 | 171 | 250 | 185 | 0.5% |
| India | 97.5 | 88.0 | 120 | 127 | 9.2% |
| Indonesia | 79.4 | 98.5 | 135 | 126 | 16.6% |
| Others | 1,771 | 2,190 | 2,945 | 2,671 | 14.7% |
| Total | 5,299 | 6,674 | 8,569 | 7,406 | 11.8% |
Top Export Markets for Electric Oven and Cooker from China in 2022:
- United States (53.2M units)
- Vietnam (16.0M units)
- Thailand (13.2M units)
- Japan (11.8M units)
- Philippines (11.5M units)
- United Kingdom (10.3M units)
- Brazil (10.1M units)
- Netherlands (9.6M units)
- Germany (9.1M units)
- Russia (7.0M units)
- India (6.9M units)
- Indonesia (6.8M units)
- France (6.8M units)
Imports of Electric Oven and Cooker in China
In 2022, after three years of growth, there was significant decline in purchases abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters, when their volume decreased by -9.5% to 769K units. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 6.8% against the previous year. As a result, imports attained the peak of 849K units, and then contracted in the following year.
In value terms, electric oven and cooker imports contracted to $203M in 2022. Overall, imports continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2020 with an increase of 8.6%. Imports peaked at $237M in 2021, and then declined in the following year.
| Import of Electric Oven and Cooker in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 42.4 | 50.5 | 64.6 | 54.5 | 8.7% |
| Japan | 29.4 | 28.8 | 38.3 | 40.0 | 10.8% |
| France | 94.1 | 98.1 | 63.6 | 34.6 | -28.4% |
| South Korea | 17.3 | 20.9 | 25.8 | 29.5 | 19.5% |
| Spain | 4.2 | 11.3 | 13.7 | 16.8 | 58.7% |
| Italy | 6.3 | 4.4 | 6.1 | 7.2 | 4.6% |
| Others | 19.8 | 17.7 | 25.4 | 20.9 | 1.8% |
| Total | 213 | 232 | 237 | 203 | -1.6% |
Top Suppliers of Electric Oven and Cooker to China in 2022:
- South Korea (249.1K units)
- Japan (248.2K units)
- Germany (87.1K units)
- France (55.5K units)
- Spain (46.9K units)
- Italy (14.2K units)
This report provides an in-depth analysis of the market for electric oven and cooker in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27512810 - Domestic electric cookers with at least an oven and a hob (including combined gas-electric appliances)
- Prodcom 27512830 - Electric cooking plates, boiling rings and hobs for domestic use
- Prodcom 27512850 - Domestic electric grills and roasters
- Prodcom 27512870 - Domestic electric ovens for building-in
- Prodcom 27512890 - Domestic electric ovens (excluding those for building-in, m icrowave ovens)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, electric oven and cooker exports skyrocketed to $738M in March 2023.
300
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87
In August 2023, Domestic Toaster exports reached a peak at 9.6M units. Unfortunately, from September to December 2023, the exports were unable to regain momentum. However, in terms of value, domestic toaster exports saw a slight increase to $83M in December 2023.
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During the reviewed period, exports of Domestic Coffee Machines peaked at 9.6M units in September 2023. However, from October to December 2023, the exports remained at a slightly lower level. In terms of value, domestic coffee machine exports rose significantly to $188M in December 2023.
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In February 2023, the cost of a domestic coffee machine in China was $27.0, a 26% increase month-on-month (FOB)
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Microwave Oven exports declined to $287M in June 2023 in terms of value.
