Germany: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Germany

In 2022, the German metal solid fuel appliances market increased by 14% to $X, rising for the fifth consecutive year after two years of decline. Over the period under review, consumption showed a buoyant increase. Metal solid fuel appliances consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Germany

In value terms, metal solid fuel appliances production expanded significantly to $X in 2022 estimated in export price. Overall, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +68.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38%. Metal solid fuel appliances production peaked in 2022 and is likely to see steady growth in years to come.

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Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Germany

In 2022, shipments abroad of iron or steel solid fuel domestic appliances decreased by -9.9% to X units for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 46%. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, metal solid fuel appliances exports reduced slightly to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $X, and then reduced modestly in the following year.

Exports by Country

Austria (X units) was the main destination for metal solid fuel appliances exports from Germany, accounting for a 27% share of total exports. Moreover, metal solid fuel appliances exports to Austria exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was taken by France (X units), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+13.3% per year) and France (+2.4% per year).

In value terms, France ($X), Austria ($X) and Switzerland ($X) constituted the largest markets for metal solid fuel appliances exported from Germany worldwide, with a combined 53% share of total exports. Denmark, the Netherlands, Italy, Sweden, the UK, Luxembourg, Poland, Belgium, the Czech Republic and Russia lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Denmark, with a CAGR of +37.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, picking up by 9.8% against the previous year. Overall, the export price, however, recorded a abrupt curtailment. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Germany

In 2022, after four years of growth, there was decline in supplies from abroad of iron or steel solid fuel domestic appliances, when their volume decreased by -2.3% to X units. In general, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, metal solid fuel appliances imports surged to $X in 2022. Overall, imports, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest metal solid fuel appliances supplier to Germany, with a 65% share of total imports. Moreover, metal solid fuel appliances imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), eightfold. The third position in this ranking was taken by the Czech Republic (X units), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+70.6% per year) and the Czech Republic (-1.7% per year).

In value terms, Austria ($X), Hungary ($X) and China ($X) appeared to be the largest metal solid fuel appliances suppliers to Germany, with a combined 55% share of total imports. The Czech Republic, Italy, Denmark, Serbia, Poland, Slovakia and the Netherlands lagged somewhat behind, together accounting for a further 36%.

The Netherlands, with a CAGR of +31.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average metal solid fuel appliances import price stood at $X per unit in 2022, jumping by 24% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+26.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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