Asia-Pacific: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Asia-Pacific

In 2022, the Asia-Pacific metal liquid fuel appliances market increased by 4.6% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a noticeable decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Asia-Pacific

In value terms, metal liquid fuel appliances production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 8%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in Asia-Pacific

In 2022, overseas shipments of iron or steel liquid fuel domestic appliances increased by 43% to X units, rising for the second year in a row after seven years of decline. Overall, exports enjoyed a modest increase. The most prominent rate of growth was recorded in 2021 with an increase of 71%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, metal liquid fuel appliances exports soared to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 60% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China (X units), Japan (X units) and South Korea (X units) represented roughly 94% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), committing a 4.5% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by South Korea (with a CAGR of +14.5%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 96% of total exports.

South Korea, with a CAGR of +8.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, declining by -10.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 33%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in Asia-Pacific

In 2022, the amount of iron or steel liquid fuel domestic appliances imported in Asia-Pacific reduced to X units, which is down by -14.8% compared with 2021 figures. In general, imports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 272% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal liquid fuel appliances imports dropped remarkably to $X in 2022. Overall, imports showed a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 147% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X units) and Taiwan (Chinese) (X units) were the largest importers of iron or steel liquid fuel domestic appliances in Asia-Pacific, together amounting to approx. 61% of total imports. It was distantly followed by Japan (X units), China (X units) and Pakistan (X units), together constituting a 29% share of total imports. The following importers - Thailand (X units) and Australia (X units) - each amounted to an 8.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +47.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported iron or steel liquid fuel domestic appliances in Asia-Pacific, comprising 54% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by China, with an 8.9% share.

In South Korea, metal liquid fuel appliances imports expanded at an average annual rate of +23.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-13.8% per year) and China (+31.0% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, approximately equating the previous year. Over the period under review, the import price, however, enjoyed a noticeable increase. The pace of growth was the most pronounced in 2019 an increase of 75%. Over the period under review, import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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