Southern Asia: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Southern Asia

In 2022, the South Asian metal liquid fuel appliances market increased by 1.3% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.1% against the previous year. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in Southern Asia

In value terms, metal liquid fuel appliances production reduced modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 11% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in Southern Asia

In 2022, approx. X units of iron or steel liquid fuel domestic appliances were exported in Southern Asia; jumping by 828% on the year before. Overall, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal liquid fuel appliances exports contracted to $X in 2022. In general, exports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2013 when exports increased by 303%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

India dominates exports structure, accounting for X units, which was approx. 97% of total exports in 2022. Pakistan (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances exports, with a CAGR of +12.0% from 2012 to 2022. At the same time, Pakistan (+10.7%) displayed positive paces of growth. India (+16 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) emerged as the largest metal liquid fuel appliances supplier in Southern Asia, comprising 69% of total exports. The second position in the ranking was held by Pakistan ($X), with a 31% share of total exports.

In India, metal liquid fuel appliances exports expanded at an average annual rate of +2.8% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, shrinking by -90.5% against the previous year. Over the period under review, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the export price increased by 719%. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 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 Pakistan ($X per unit), while India amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-1.0%).

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in Southern Asia

In 2022, purchases abroad of iron or steel liquid fuel domestic appliances increased by 63% to X units, rising for the third consecutive year after two years of decline. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 313%. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, metal liquid fuel appliances imports reached $X in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 76%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Pakistan prevails in imports structure, finishing at X units, which was near 96% of total imports in 2022. Sri Lanka (X units) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances imports, with a CAGR of +47.9% from 2012 to 2022. Sri Lanka (-4.6%) illustrated a downward trend over the same period. While the share of Pakistan (+86 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-20 p.p.) displayed negative dynamics.

In value terms, Pakistan ($X) constitutes the largest market for imported iron or steel liquid fuel domestic appliances in Southern Asia, comprising 76% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 1% share of total imports.

In Pakistan, metal liquid fuel appliances imports expanded at an average annual rate of +31.0% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, reducing by -37.9% against the previous year. Overall, the import price showed a abrupt slump. The pace of growth was the most pronounced in 2019 when the import price increased by 43%. 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 Pakistan ($X per unit), while Sri Lanka stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (-11.4%).

Source: IndexBox Platform

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