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 Europe

For the fourth consecutive year, the Europe market for iron or steel gas domestic cooking appliances and plate warmers recorded growth in sales value, which increased by 1.8% to $X in 2022. The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

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

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers fell to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports in Europe

In 2022, after two years of growth, there was significant decline in overseas shipments of iron or steel gas domestic cooking appliances and plate warmers, when their volume decreased by -15.7% to X units. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 17% against the previous year. As a result, the exports attained the peak of X units, and then fell dramatically in the following year.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers dropped notably to $X in 2022. In general, exports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

In 2022, Italy (X units), distantly followed by the Netherlands (X units), Germany (X units), Belarus (X units), Spain (X units), France (X units) and Poland (X units) were the main exporters of iron or steel gas domestic cooking appliances and plate warmers, together making up 77% of total exports. The UK (X units), the Czech Republic (X units), Austria (X units), Denmark (X units), Slovakia (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Austria (with a CAGR of +34.7%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest iron or steel gas domestic cooking appliances and plate warmers supplier in Europe, comprising 29% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Germany, with a 12% share.

In Italy, exports of iron or steel gas domestic cooking appliances and plate warmers shrank by an average annual rate of -4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+17.8% per year) and Germany (+5.6% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, dropping by -2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 9.6%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by 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 Europe

In 2022, supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -14% to X units for the first time since 2015, thus ending a six-year rising trend. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.6% 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 +63.4% against 2015 indices. The pace of growth was the most pronounced in 2021 when imports increased by 36% against the previous year. 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 declined to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +50.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

The UK (X units), Germany (X units), Russia (X units) and France (X units) represented roughly 52% of total imports in 2022. It was distantly followed by Spain (X units), the Netherlands (X units) and Poland (X units), together creating a 19% share of total imports. The following importers - Italy (X units), Romania (X units), Ukraine (X units), Denmark (X units), Belgium (X units) and Sweden (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 Germany (with a CAGR of +13.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported iron or steel gas domestic cooking appliances and plate warmers in Europe, comprising 22% of total imports. The second position in the ranking was held by the UK ($X), with a 10% share of total imports. It was followed by France, with a 10% share.

In Germany, imports of iron or steel gas domestic cooking appliances and plate warmers increased at an average annual rate of +11.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (+1.2% per year) and France (-0.1% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, with an increase of 3.3% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2014 an increase of 6.4%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Ukraine ($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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