Market Insights Consumer Household Appliances Major Appliances

Cookers & Ovens - Malawi

Malawi

The revenue generated in the Cookers & Ovens market in 2024 is US$222.20m.
This market is projected to have an annual growth rate of 5.43% (CAGR 2024-2029).
In comparison to other countries, the highest revenue is generated in China, reaching US$30,780m in 2024.
In terms of household income, the per household revenue in the Cookers & Ovens market is expected to be US$53.04 in 2024.
Looking ahead, the volume in the Cookers & Ovens market is projected to reach 0.5m pieces units by 2029.
Furthermore, the segment is anticipated to experience a volume growth of 5.5% units in 2025.
When considering the average volume per household in the Cookers & Ovens market, it is expected to be 0.08pieces units in 2024.
It is important to note that these figures specifically pertain to the market segment for Cookers & Ovens market in Malawi.
Malawian consumers are increasingly opting for energy-efficient cookers and ovens to combat rising energy costs.

Key regions: Japan, China, India, Germany, Indonesia

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.