Spain: 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 Spain

In 2022, the Spanish market for iron or steel gas domestic cooking appliances and plate warmers increased by 263% to $X, rising for the fourth year in a row after four years of decline. In general, consumption posted prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

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 recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 1,108% against the previous year. Production of peaked at $X in 2021, and then reduced in the following year.

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

Exports from Spain

In 2022, exports of iron or steel gas domestic cooking appliances and plate warmers from Spain reduced to X units, declining by -14.5% against 2021 figures. The total export volume increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 75% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers shrank to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), France (X units) and Italy (X units) were the main destinations of exports of iron or steel gas domestic cooking appliances and plate warmers from Spain, with a combined 47% share of total exports. The UK, Turkey, Portugal, Poland, Morocco, Australia, South Africa, Russia, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +33.7%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and France ($X) were the largest markets for iron or steel gas domestic cooking appliances and plate warmers exported from Spain worldwide, with a combined 40% share of total exports. Turkey, Italy, Portugal, Australia, Poland, Morocco, South Africa, Russia, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further 42%.

Russia, with a CAGR of +29.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 export price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, surging by 11% against the previous year. Overall, the export price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Italy ($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 Portugal (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Spain

In 2022, supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers increased by 3.3% to X units, rising for the second year in a row after three years of decline. In general, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 44%. Over the period under review, imports of reached the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers rose markedly to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +73.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 62%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of iron or steel gas domestic cooking appliances and plate warmers to Spain, accounting for a 43% share of total imports. Moreover, imports of iron or steel gas domestic cooking appliances and plate warmers from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold. Turkey (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.7% per year) and Turkey (+2.6% per year).

In value terms, China ($X), Turkey ($X) and Italy ($X) constituted the largest iron or steel gas domestic cooking appliances and plate warmers suppliers to Spain, with a combined 72% share of total imports. France, Portugal, South Korea and Germany lagged somewhat behind, together accounting for a further 20%.

South Korea, with a CAGR of +86.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, surging by 4.1% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 20%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :