Amid ongoing economic headwinds, including inflated manufacturing and transport costs, further price rises are being implemented across the appliance industry.

Upon analysing the growing cost of global componentry and raw materials, Smeg has advised business partners of a price rise, effective 1 July. 

“While we made every effort to minimise the impact, the price rise will be implemented in most product categories,” Smeg Australia managing director, Wayne Campbell told Appliance Retailer.

“Although supply chain issues remain challenging, we anticipate an improvement before the end of the year. Our team will continue to assess the situation and keep our business partners updated. We remain grateful for the support and understanding of our partners.”

Glem Gas will be increasing prices across its entire cooking range, effective 1 July, due to rising manufacturing costs.

“All Italian stock arriving from June is at a higher cost. The increases in shipping and other expenses have been absorbed through the favourable exchange rate with the Euro,” Glem Gas managing director, David Gilmore said.

“We are adjusting our forecasts and trying to stay ahead of the supply curve. The supply chain in our business is reliable, partly because the Glem Gas factory in Italy places priority on fulfilling Australian orders.

“Price increases are unavoidable at the moment but in the cooking segment we should have room to increase RRPs following years of reductions. Theoretically, in this scenario, cooking should be a segment that retains sales volume despite increases in prices. We don’t anticipate any further price increases this year.”

Due to increased manufacturing costs, the ILVE Agency range will see a price rise in July.

“While for the most part, the continuing sharp increase in shipping costs is being absorbed, it seems it’s just a matter of time until it impacts pricing in Australia. In positive news our delivery times from ILVE Italy continue to be reasonable and it is only shipping that is slowing it down,” Eurolinx national sales manager, Tristan Peters told Appliance Retailer.

Schweigen implemented a price rise on 1 May 2022 to help offset increasing transport and componentry costs. “We work closely with our factories and have been able to forecast and increase our stock orders during the past couple years,” Schweigen director of sales, Anthony Fletcher said.

Electrolux is continually assessing market conditions and the effect changes to production and supply costs, such as raw materials and freight, may have on the ability to deliver products competitively to market.

“The uncertainty of the nature and timing of these factors is constantly evolving and as such providing a definitive position for the balance of the year is not possible. However, we do see conspiring factors both global and local contributing to material cost headwinds that warrant continuous and dynamic assessment of our product pricing,” Electrolux Australia and New Zealand, Kurt Hegvold told Appliance Retailer.

Asko does not have any further price increases planned but acknowledges the situation remains dynamic so will adjust if required.

“We run a detailed weekly CPFR process and the Asko factory has done an excellent job of maintaining supply to Australia since the start of Covid,” Asko sales and marketing director, Owen Holbourn told Appliance Retailer.

“Our stock of cooking appliances, most dishwashers and tumble dryers continue to be in a good position. We are seeing some interruptions to supply of dishwashers and washing machines at the moment but expect that to be resolved by August.

“We believe supply issues will persist into 2023 as issues relating to raw materials, components and logistics continue. Retailers are doing well to be nimble through this period of uncertainty with stock and they are working as best they can with what is available.”