China: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in China

The Chinese metal liquid fuel appliances market fell sharply to $X in 2022, which is down by -78.6% against the previous year. Overall, consumption continues to indicate a precipitous descent. The pace of growth appeared the most rapid in 2016 when the market value increased by 7.7% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in China

In value terms, metal liquid fuel appliances production stood at $X in 2022 estimated in export price. Overall, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by 13% against the previous year. Metal liquid fuel appliances production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from China

In 2022, shipments abroad of iron or steel liquid fuel domestic appliances increased by 53% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 125% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, metal liquid fuel appliances exports surged to $X in 2022. In general, exports, however, showed a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 113%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and Japan (X units) were the main destinations of metal liquid fuel appliances exports from China, with a combined 55% share of total exports. Belgium, Sweden, the UK, Italy, South Korea, Spain, Indonesia, Russia, India and Malaysia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +24.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal liquid fuel appliances exported from China were the United States ($X), Germany ($X) and Japan ($X), with a combined 60% share of total exports. Italy, Belgium, South Korea, the UK, Sweden, Spain, Russia, Malaysia, India and Indonesia lagged somewhat behind, together accounting for a further 26%.

Italy, with a CAGR of +37.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal liquid fuel appliances export price amounted to $X per unit, picking up by 14% against the previous year. In general, the export price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2014 an increase of 22%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into China

In 2022, the amount of iron or steel liquid fuel domestic appliances imported into China surged to X units, growing by 29% on the previous year's figure. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 187% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal liquid fuel appliances imports dropped to $X in 2022. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 167% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

South Korea (X units), Japan (X units) and Spain (X units) were the main suppliers of metal liquid fuel appliances imports to China, together comprising 65% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +81.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of iron or steel liquid fuel domestic appliances to China, comprising 65% of total imports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled +102.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+31.8% per year) and Spain (-14.3% per year).

Import Prices by Country

In 2022, the average metal liquid fuel appliances import price amounted to $X per unit, which is down by -29.3% against the previous year. Overall, the import price, however, continues to indicate a mild increase. The growth pace was the most rapid in 2019 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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