U.S. imports of domestic appliances – additional information
Electrical devices used within a household are part of a billion-dollar home appliance industry, which is projected to grow in the coming years. In 2013, the global consumption of household appliances amounted to 420 billion U.S. dollars, which is forecast to reach 589 billion by 2020. Leading companies of the home appliances industry include the Chinese Haier Electronics Group, U.S.-based Whirlpool, the German Bosch and Siemens Group, the Swedish company Electrolux, and the South Korean multinational giant LG Electronics.
The home appliance industry is composed of major and small home appliances. In both segments, the United States sits as the third largest market worldwide, with a 15 percent share of major appliances and a 24 percent share of small appliances. The import of household and kitchen appliances into the United States has shown a general upward trend over the past 10 years, despite taking a dip in 2008 and 2009. Exports of household appliances from the United States have displayed a similar trend. Although there had been a gradual increase from 2002, with a peak in 2008 at more than 7 billion U.S. dollars, it declined to less than 6 billion U.S. dollars in 2009. Sales of major appliances, such as washing machines, tumble dryers, dishwashers, refrigerators, freezers, cookers, ovens, hobs, hoods, or microwave ovens, are included in this segment.
In relation to small appliances and miscellaneous housewares, Americans spent an average of 106 U.S. dollars per person on these goods in 2014. Kitchen items such as blender and mixer systems, slow cookers, juice extractors, coffee makers, and compact wine coolers are grouped together within the small domestic appliance market. Other devices such as hair dryers, irons, and vacuum cleaners are also popular products in this market.