Overview of the Global Market for Iron Or Steel Liquid Fuel Domestic Appliances

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances

In 2022, the global metal liquid fuel appliances market increased by 5.7% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a mild decrease. Over the period under review, the global market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Iron Or Steel Liquid Fuel Domestic Appliances

In value terms, metal liquid fuel appliances production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 260%. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth failed to regain momentum.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports

Global metal liquid fuel appliances exports skyrocketed to X units in 2022, picking up by 46% on the previous year. In general, exports enjoyed a pronounced increase. The pace of growth appeared the most rapid in 2021 with an increase of 58%. The global exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, metal liquid fuel appliances exports soared to $X in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +90.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units), Japan (X units) and South Korea (X units) was the major exporter of iron or steel liquid fuel domestic appliances in the world, constituting 67% of total export. It was distantly followed by Belgium (X units) and the Netherlands (X units), together creating a 20% share of total exports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of +14.5%), while the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 58% of global exports.

The Netherlands, with a CAGR of +15.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Export Prices by Country

The average metal liquid fuel appliances export price stood at $X per unit in 2022, waning by -12.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 23%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a 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 the Netherlands ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.7%), while the other global leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports

In 2022, the amount of iron or steel liquid fuel domestic appliances imported worldwide fell modestly to X units, waning by -3.7% compared with the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 85% against the previous year. As a result, imports attained the peak of X units, and then fell modestly in the following year.

In value terms, metal liquid fuel appliances imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 64%. As a result, imports attained the peak of $X, and then contracted slightly in the following year.

Imports by Country

The United States was the major importer of iron or steel liquid fuel domestic appliances in the world, with the volume of imports amounting to X units, which was approx. 25% of total imports in 2022. The Netherlands (X units) took a 7.9% share (based on physical terms) of total imports, which put it in second place, followed by Germany (7.3%), South Korea (5.8%), Chile (5.5%), Taiwan (Chinese) (4.8%) and France (4.6%). The following importers - Belgium (X units), the UK (X units), Italy (X units), Norway (X units), Iraq (X units) and Japan (X units) - together made up 18% of total imports.

From 2012 to 2022, average annual rates of growth with regard to metal liquid fuel appliances imports into the United States stood at +2.1%. At the same time, South Korea (+15.7%), Germany (+15.0%), Norway (+14.4%), the Netherlands (+9.3%), Italy (+8.1%), Taiwan (Chinese) (+6.8%) and the UK (+3.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +15.7% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, France (-2.9%), Chile (-6.8%), Iraq (-7.8%) and Japan (-17.5%) illustrated a downward trend over the same period. Germany (+5.5 p.p.), the United States (+4.8 p.p.), the Netherlands (+4.7 p.p.), South Korea (+4.5 p.p.), Taiwan (Chinese) (+2.3 p.p.), Italy (+1.8 p.p.) and Norway (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while France, Iraq, Chile and Japan saw its share reduced by -1.5%, -2.7%, -5.6% and -12.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal liquid fuel appliances importing markets worldwide were the United States ($X), Chile ($X) and the Netherlands ($X), together comprising 38% of global imports. France, South Korea, Iraq, Germany, Belgium, Italy, Norway, Japan, the UK and Taiwan (Chinese) lagged somewhat behind, together comprising a further 39%.

South Korea, with a CAGR of +23.5%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average metal liquid fuel appliances import price stood at $X per unit in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2019 an increase of 18%. Over the period under review, average import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iraq ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+9.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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