Market Insights Consumer Household Appliances Small Appliances

Small Kitchen Appliances - Philippines

Philippines

In 2024, the Small Kitchen Appliances market in the Philippines generated a revenue of ₱US$1.66bn.
It is projected to experience an annual growth rate of 4.71% (CAGR 2024-2029).
When compared globally, in China leads the market with a revenue of ₱US$30,850m in 2024.
In terms of per household revenues, the Small Kitchen Appliances market in the Philippines generated ₱US$72.17 in 2024.
By 2029, the volume in this segment is expected to reach 26.0m pieces units.
There will be a volume growth of 1.6% in 2025.
The average volume per household in the Small Kitchen Appliances market in the Philippines is expected to be 1.05pieces units in 2024.
The demand for small kitchen appliances in the Philippines is on the rise, driven by the growing urban population and increasing interest in home cooking.

Key regions: Canada, China, Germany, Worldwide, Japan

Market

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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.