Key Market Indicators
Santomean Home Appliance Imports are forecast to reach $170,150 by 2026, growing at an average rate of 2.8% year on year. This follows a decrease in demand of 2.2% year on year since 2004. Burkina Faso overtook Santomean in 2021, with imports of $144,270. Germany, Japan and France ranked 2nd, 3rd and 4th respectively. Meanwhile, Home Appliance Exports from Santomean dropped 22.6%, from $1,960 in 2020 to $1,520 in 2021. This is despite a 44.9% year on year increase in supply since 2010. Guyana overtook Santomean in 2021, with exports of $1,520. Germany, Malaysia and the United States were 2nd, 3rd and 4th respectively.
Sao Tome and Principe Home Appliance Market Data and Forecasts
How much will Sao Tome and Principe Home Appliance Market grow to 2026?
Improve your Knowledge with the latest Indicators and Trends
The domestic appliance market, a vibrant sector in the global economy, is demonstrating considerable growth. The rise can be attributed to several factors, such as the increased per capita income, growth of the urban population, consumer awareness and advancements in appliance technology. While factual figures of market size differ among...Read more
Retail performance continues to significantly influence the domestic appliance sector. With a considerable shift to online and digital transactions due to the pandemic, digital retail platforms have become increasingly dominant in shaping market trends. Prominent brands are leveraging technology to distinguish themselves and compete. Consequently, retail strategies are impacting consumer...Read more
Technology is reshaping the kitchen appliances sector. Advancements such as IoT integration, energy efficiency and smart features, are prompting shift in consumer preferences. Consumers are increasingly investing in smart, energy-efficient kitchen appliances that offer convenience and improved functionality. Manufacturers are responding to this shift by producing innovative products, thus fueling...Read more
The built-in kitchen appliances industry is currently witnessing an upsurge, largely propelled by factors such as technological advancements, rapidly changing consumer preferences, and increasing disposable income. Notable advancements include energy-efficient appliances and smart, multi-functional devices that serve multiple cooking needs yet can accommodate space constraints. Additionally, consumers desire for a...Read more
The home-based appliances market is presently experiencing notable growth. This can be primarily attributed to the increasing worldwide population, escalating urbanisation, and technological advancements. E-commerce platforms have also revolutionised the way domestic devices are sold, providing consumers with an extensive array of options while comparing prices right at their fingertips.Read more