China: Iron Household Articles Market 2024

Iron Household Articles Market Size in China

For the twelfth year in a row, the Chinese iron household articles market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption posted resilient growth. Iron household articles consumption peaked in 2023 and is likely to see gradual growth in years to come.

Iron Household Articles Production in China

In value terms, iron household articles production rose slightly to $X in 2023 estimated in export price. In general, the total production indicated a temperate 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 decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Iron Household Articles Exports

Exports from China

In 2023, approx. X tons of table, kitchen or household articles and parts of iron were exported from China; with an increase of X% compared with 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, iron household articles exports contracted to $X in 2023. In general, 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 decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for iron household articles exports from China, accounting for a X% share of total exports. Moreover, iron household articles exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), sixfold. Japan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Japan (X% per year).

In value terms, the United States ($X) remains the key foreign market for table, kitchen or household articles and parts of iron exports from China, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average iron household articles export price stood at $X per ton in 2023, falling by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Iron Household Articles Imports

Imports into China

For the third year in a row, China recorded decline in purchases abroad of table, kitchen or household articles and parts of iron, which decreased by X% to X tons in 2023. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, iron household articles imports reduced dramatically to $X in 2023. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2023, imports remained at a lower figure.

Imports by Country

Italy (X tons), Japan (X tons) and India (X tons) were the main suppliers of iron household articles imports to China, together comprising X% of total imports.

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

In value terms, Japan ($X), Italy ($X) and India ($X) appeared to be the largest iron household articles suppliers to China, together accounting for X% of total imports.

In terms of the main suppliers, Italy, with a CAGR of X%, saw 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 average iron household articles import price stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform