Market Insights Consumer Household Appliances Small Appliances

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, in China leads the way in revenue generation, projected to reach an impressive US$1,183m 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, 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

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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.