MERCOSUR: 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 MERCOSUR

In 2022, after two years of growth, there was decline in the MERCOSUR market for iron or steel gas domestic cooking appliances and plate warmers, when its value decreased by -1.8% to $X. In general, consumption, however, showed a perceptible contraction. The growth pace was the most rapid in 2017 when the market value increased by 4.7%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers reached $X in 2022 estimated in export price. In general, production, however, saw a deep slump. The pace of growth appeared the most rapid in 2017 with an increase of 3.5% against the previous year. Over the period under review, production of attained the peak level 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 MERCOSUR

After two years of growth, shipments abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -28.6% to X units in 2022. Over the period under review, exports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 50% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers dropped significantly to $X in 2022. Overall, exports saw a noticeable contraction. The pace of growth was the most pronounced in 2021 with an increase of 87%. 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

Ecuador was the main exporting country with an export of about X units, which reached 52% of total exports. Brazil (X units) took the second position in the ranking, distantly followed by Colombia (X units). All these countries together held near 42% share of total exports. Peru (X units) and Chile (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +1.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Ecuador ($X) remains the largest iron or steel gas domestic cooking appliances and plate warmers supplier in MERCOSUR, comprising 71% of total exports. The second position in the ranking was held by Brazil ($X), with a 19% share of total exports. It was followed by Colombia, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ecuador stood at -1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (-8.0% per year) and Colombia (-6.8% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, increasing by 3.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 an increase of 24% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+10.9%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MERCOSUR

In 2022, after two years of growth, there was significant decline in supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers, when their volume decreased by -17.4% to X units. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of X units, and then reduced sharply in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers shrank significantly to $X in 2022. In general, imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Chile (X units) represented the major importer of iron or steel gas domestic cooking appliances and plate warmers, committing 40% of total imports. It was distantly followed by Peru (X units), Brazil (X units), Colombia (X units), Uruguay (X units) and Argentina (X units), together mixing up a 46% share of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to iron or steel gas domestic cooking appliances and plate warmers imports into Chile stood at +11.2%. At the same time, Argentina (+18.7%), Ecuador (+3.9%) and Peru (+2.2%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +18.7% from 2012-2022. Brazil and Uruguay experienced a relatively flat trend pattern. By contrast, Colombia (-3.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Argentina and Peru increased by +26, +4.2 and +3.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X), Chile ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, together comprising 65% of total imports. Brazil, Ecuador, Uruguay and Argentina lagged somewhat behind, together accounting for a further 23%.

Argentina, with a CAGR of +28.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, waning by -10.9% against the previous year. In general, the import price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2019 an increase of 8.2%. The level of import peaked at $X per unit in 2013; however, from 2014 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 Ecuador ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :