Electric Kettles - Belize
Belize- The Electric Kettles market in Belize is projected to generate a revenue of US$255.10k in 2024.
- With an estimated annual growth rate of 2.81% (CAGR 2024-2029), the market is expected to expand steadily.
- When compared globally, China leads the way in revenue generation, projected to reach an impressive US$1bn in 2024.
- In terms of per household revenue, the Electric Kettles market is forecasted to generate US$2.35 in 2024.
- This indicates the potential for market growth and consumer demand withBelizean households.
- Looking ahead, the volume of the Electric Kettles market is expected to reach 7.8k pieces units by 2029.
- Furthermore, the segment is anticipated to experience a marginal volume growth of 1.2% in 2025.0, reflecting a positive trend.
- On average, each household in Belize is projected to have a volume of 0.07pieces units in the Electric Kettles market by 2024.
- These numbers highlight the potential for market development and consumer adoption within the country.
- "Despite the hot climate in Belize, the market for electric kettles is thriving due to the growing popularity of tea and coffee consumption among locals and tourists."
- Key regions:
- Indonesia,
- Worldwide,
- China,
- Canada,
- United States
Definition: Electric kettles are a convenient and efficient method for boiling water, eliminating the need for a stove top. These kettles come in various materials, such as stainless steel, glass, and plastic, and offer additional features like adjustable temperature and Wi-Fi control. As tea and coffee culture continues to grow, electric kettles have become a popular choice for both home and workplace settings. This segment excludes teapots, coffee machines, hot-water dispensers, and stove kettles.
Additional information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
For more information on the displayed data, please use the info button right next to the boxes.
In-Scope
- Stainless-steel electric kettles
- Glass electric kettles
- Plastic electric kettles
Out-Of-Scope
- Hot tea machines/ teapot
- Coffee machines
- Hot water dispensers
- Stove kettles
