EU: 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 the EU

In 2022, the EU market for iron or steel gas domestic cooking appliances and plate warmers increased by 11% to $X, rising for the sixth consecutive year after two years of decline. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +73.4% against 2016 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

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

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers contracted to $X in 2022 estimated in export price. In general, production, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 13%. 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 the EU

In 2022, shipments abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -18.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, the exports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers contracted sharply to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

In 2022, Italy (X units), distantly followed by the Netherlands (X units), Germany (X units), Spain (X units), France (X units) and Poland (X units) represented the key exporters of iron or steel gas domestic cooking appliances and plate warmers, together constituting 81% of total exports. The Czech Republic (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +6.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest iron or steel gas domestic cooking appliances and plate warmers supplier in the European Union, comprising 33% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total exports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy amounted to -4.1%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+17.8% per year) and Germany (+5.6% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 7.9%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Italy ($X per unit), while the Czech Republic ($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 Netherlands (+10.4%), while the other leaders experienced more modest paces of growth.

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

Imports in the EU

In 2022, purchases abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -14.8% to X units for the first time since 2015, thus ending a six-year rising trend. Total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% 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 +56.6% against 2014 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers shrank to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +46.8% against 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, Germany (X units) and France (X units) were the major importers of iron or steel gas domestic cooking appliances and plate warmers in the European Union, together mixing up 36% of total imports. It was distantly followed by Spain (X units), the Netherlands (X units), Poland (X units), Italy (X units) and Romania (X units), together generating a 40% share of total imports. The following importers - Denmark (X units), Belgium (X units), Sweden (X units), Greece (X units), Austria (X units) and the Czech Republic (X units) - together made up 15% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Austria (with a CAGR of +15.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel gas domestic cooking appliances and plate warmers in the European Union, comprising 30% of total imports. The second position in the ranking was held by France ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +11.5%. The remaining importing countries recorded the following average annual rates of imports growth: France (-0.1% per year) and the Netherlands (+8.4% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, rising by 5.4% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 7.4% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Greece ($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 Netherlands (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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