Home Appliance Market in India
Market Overview
The Indian home appliance market stood at $
in , approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in ; afterwards, it flattened through to .
In value terms, home appliance production stood at $ in estimated in export price. Overall, the total production indicated a mild increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth was the most pronounced in 2015 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in ; afterwards, it flattened through to .
in , approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in ; afterwards, it flattened through to .In value terms, home appliance production stood at $
in estimated in export price. Overall, the total production indicated a mild increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against indices. The pace of growth was the most pronounced in 2015 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in ; afterwards, it flattened through to .Consumption
In , the amount of domestic, non-electric, cooking or heating appliances consumed in India amounted to units, remaining relatively unchanged against . In general, consumption, however, showed a pronounced slump. Home appliance consumption peaked at units in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the home appliance market in India reached $ in , remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in ; afterwards, it flattened through to .
, the amount of domestic, non-electric, cooking or heating appliances consumed in India amounted to units, remaining relatively unchanged against . In general, consumption, however, showed a pronounced slump. Home appliance consumption peaked at units in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the home appliance market in India reached $
in , remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $ in ; afterwards, it flattened through to .Market Forecast
Depressed by shrinking demand for home appliance in India, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of home appliance in India were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for home appliance. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
India remains a net exporter of home appliance; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a trade surplus of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
. In , there was a trade surplus of units, which was equal to $. Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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