
U.S. - Iron or Steel Gas Domestic Appliances - Market Analysis, Forecast, Size, Trends and Insights
U.S.: Metal Gas Appliances Market 2023
Metal Gas Appliances Market Size in the U.S.
The U.S. metal gas appliances market dropped significantly to $X in 2022, with a decrease of -19.5% against the previous year. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.6% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced rapidly in the following year.
Metal Gas Appliances Production in the U.S.
In value terms, metal gas appliances production fell remarkably to $X in 2022. Overall, production saw a significant decrease. The most prominent rate of growth was recorded in 2013 with an increase of 13%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.
Metal Gas Appliances Exports
Exports from the U.S.
In 2022, shipments abroad of iron or steel gas domestic appliances decreased by -20% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. As a result, the exports reached the peak of X units, and then contracted significantly in the following year.
In value terms, metal gas appliances exports dropped rapidly to $X in 2022. Over the period under review, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 55%. As a result, the exports attained the peak of $X, and then shrank sharply in the following year.
Exports by Country
Canada (X units) was the main destination for metal gas appliances exports from the United States, with a 74% share of total exports. Moreover, metal gas appliances exports to Canada exceeded the volume sent to the second major destination, Australia (X units), fourfold.
From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+5.4% per year) and Mexico (-3.3% per year).
In value terms, Canada ($X) remains the key foreign market for iron or steel gas domestic appliances exports from the United States, comprising 74% of total exports. The second position in the ranking was held by Australia ($X), with a 20% share of total exports.
From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+5.4% per year) and Mexico (-2.5% per year).
Export Prices by Country
The average metal gas appliances export price stood at $X per unit in 2022, rising by 2.1% against the previous year. Over the period under review, the export price, however, saw a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 5.2% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Australia ($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 Mexico (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.
Metal Gas Appliances Imports
Imports into the U.S.
In 2022, after four years of growth, there was significant decline in purchases abroad of iron or steel gas domestic appliances, when their volume decreased by -22.5% to X units. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of X units, and then declined sharply in the following year.
In value terms, metal gas appliances imports shrank notably to $X in 2022. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.
Imports by Country
In 2022, China (X units) was the main metal gas appliances supplier to the United States, accounting for a 96% share of total imports. It was followed by Canada (X units), with a 1.8% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +14.6%.
In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic appliances to the United States, comprising 78% of total imports. The second position in the ranking was held by Canada ($X), with a 17% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.2%.
Import Prices by Country
The average metal gas appliances import price stood at $X per unit in 2022, growing by 8% against the previous year. In general, the import price, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2021 an increase of 13% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for China totaled $X per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.3%).
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the metal gas appliances market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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