ASEAN: Iron Household Articles Market 2024

Iron Household Articles Market Size in ASEAN

The ASEAN iron household articles market totaled $X in 2023, stabilizing at the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption failed to regain momentum.

Iron Household Articles Production in ASEAN

In value terms, iron household articles production stood at $X in 2023 estimated in export price. The total production indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Iron Household Articles Exports

Exports in ASEAN

In 2023, approx. X tons of table, kitchen or household articles and parts of iron were exported in ASEAN; increasing by X% on the previous year's figure. Overall, exports continue to indicate measured growth. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, iron household articles exports contracted to $X in 2023. Total exports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Malaysia represented the major exporting country with an export of around X tons, which finished at X% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a X% share, followed by Thailand (X%), Cambodia (X%) and Indonesia (X%).

Exports from Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Thailand (X%), Vietnam (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), Vietnam (X p.p.), Thailand (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Indonesia (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Malaysia ($X) and Cambodia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

In terms of the main exporting countries, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, falling by X% against the previous year. In general, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2022, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Iron Household Articles Imports

Imports in ASEAN

In 2023, the amount of table, kitchen or household articles and parts of iron imported in ASEAN rose significantly to X tons, growing by X% against the year before. In general, imports enjoyed prominent growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of import peaked in 2023 and is likely to see steady growth in the near future.

In value terms, iron household articles imports contracted modestly to $X in 2023. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then reduced in the following year.

Imports by Country

The purchases of the three major importers of table, kitchen or household articles and parts of iron, namely Thailand, Malaysia and Indonesia, represented more than two-thirds of total import. It was distantly followed by Singapore (X tons), the Philippines (X tons) and Myanmar (X tons), together achieving a X% share of total imports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Myanmar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron household articles importing markets in ASEAN were the Philippines ($X), Singapore ($X) and Thailand ($X), with a combined X% share of total imports. Malaysia, Indonesia, Vietnam and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price saw a mild curtailment. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform