CIS: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in CIS

The CIS market for iron or steel gas domestic cooking appliances and plate warmers fell to $X in 2022, which is down by -9.7% against the previous year. Overall, consumption recorded a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in CIS

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 30% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports in CIS

In 2022, exports of iron or steel gas domestic cooking appliances and plate warmers in the CIS rose modestly to X units, picking up by 2.7% compared with 2021. The total export volume increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 14% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers fell significantly to $X in 2022. Over the period under review, exports, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 21%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus represented the main exporter of iron or steel gas domestic cooking appliances and plate warmers in the CIS, with the volume of exports resulting at X units, which was near 77% of total exports in 2022. It was distantly followed by Russia (X units) and Uzbekistan (X units), together achieving an 18% share of total exports. Kazakhstan (X units) and Moldova (X units) followed a long way behind the leaders.

Belarus experienced a relatively flat trend pattern with regard to volume of exports of iron or steel gas domestic cooking appliances and plate warmers. At the same time, Kazakhstan (+41.5%), Moldova (+15.7%), Russia (+15.4%) and Uzbekistan (+11.1%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +41.5% from 2012-2022. Russia (+9.1 p.p.), Uzbekistan (+5.1 p.p.) and Kazakhstan (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -17.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest iron or steel gas domestic cooking appliances and plate warmers supplier in the CIS, comprising 72% of total exports. The second position in the ranking was held by Russia ($X), with a 16% share of total exports. It was followed by Kazakhstan, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value in Belarus totaled -7.6%. In the other countries, the average annual rates were as follows: Russia (+12.7% per year) and Kazakhstan (+73.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, with a decrease of -21.9% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2017 when the export price increased by 8.8%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+22.5%), while the other leaders experienced a decline in the export price figures.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports in CIS

After two years of growth, supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -8.3% to X units in 2022. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of X units, and then fell in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers fell to $X in 2022. Over the period under review, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 20% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in warmers structure, finishing at X units, which was near 80% of total imports in 2022. Belarus (X units) held the second position in the ranking, followed by Azerbaijan (X units). All these countries together took near 11% share of total imports. The following importers - Kazakhstan (X units) and Moldova (X units) - together made up 5.6% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of iron or steel gas domestic cooking appliances and plate warmers. At the same time, Belarus (+26.3%), Azerbaijan (+25.8%) and Moldova (+2.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +26.3% from 2012-2022. By contrast, Kazakhstan (-8.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus and Azerbaijan increased by +5.7 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel gas domestic cooking appliances and plate warmers in the CIS, comprising 80% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 9% share of total imports. It was followed by Belarus, with a 2.7% share.

In Russia, imports of iron or steel gas domestic cooking appliances and plate warmers decreased by an average annual rate of -3.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (-4.5% per year) and Belarus (+3.9% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, rising by 1.8% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when the import price increased by 15%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+4.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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