Eastern Europe: 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 Eastern Europe

The East European market for iron or steel gas domestic cooking appliances and plate warmers shrank to $X in 2022, waning by -4% against the previous year. In general, consumption recorded a pronounced reduction. Over the period under review, the market attained the peak level 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 Eastern Europe

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers reduced to $X in 2022 estimated in export price. Over the period under review, production saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Eastern Europe

Exports of iron or steel gas domestic cooking appliances and plate warmers dropped remarkably to X units in 2022, which is down by -19.2% compared with the previous year's figure. In general, exports showed a pronounced contraction. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers contracted markedly to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 13%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus was the largest exporting country with an export of about X units, which finished at 44% of total exports. Poland (X units) took the second position in the ranking, distantly followed by the Czech Republic (X units), Slovakia (X units) and Russia (X units). All these countries together held near 48% share of total exports. Romania (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +15.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest iron or steel gas domestic cooking appliances and plate warmers supplying countries in Eastern Europe were Belarus ($X), Poland ($X) and Slovakia ($X), with a combined 73% share of total exports. The Czech Republic, Russia and Romania lagged somewhat behind, together accounting for a further 22%.

Among the main exporting countries, Russia, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, dropping by -13.2% against the previous year. Overall, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 7.9%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (-0.9%), 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 Eastern Europe

In 2022, purchases abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -3.3% to X units for the first time since 2019, thus ending a two-year rising trend. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2015 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers declined to $X in 2022. Over the period under review, imports showed a mild shrinkage. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the largest importer of iron or steel gas domestic cooking appliances and plate warmers in Eastern Europe, with the volume of imports accounting for X units, which was approx. 41% of total imports in 2022. Poland (X units) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Romania (11%), Ukraine (7.5%) and the Czech Republic (4.6%). The following importers - Hungary (X units) and Belarus (X units) - together made up 7.6% 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%), Hungary (+12.7%), Poland (+11.0%), Romania (+8.9%), the Czech Republic (+7.3%) and Ukraine (+2.8%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +26.3% from 2012-2022. While the share of Poland (+9.4 p.p.), Romania (+4 p.p.), Belarus (+2.8 p.p.) and Hungary (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-18.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported iron or steel gas domestic cooking appliances and plate warmers in Eastern Europe, comprising 48% of total imports. The second position in the ranking was held by Poland ($X), with a 16% share of total imports. It was followed by Romania, with a 14% share.

In Russia, imports of iron or steel gas domestic cooking appliances and plate warmers shrank by an average annual rate of -3.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+4.2% per year) and Romania (+7.4% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, with a decrease of -6.1% against the previous year. In general, the import price recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 2.4%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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