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

Market Size for Iron Or Steel Solid Fuel Domestic Appliances

In 2022, the global metal solid fuel appliances market increased by 6.7% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Iron Or Steel Solid Fuel Domestic Appliances

In value terms, metal solid fuel appliances production shrank to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced decrease. The growth pace was the most rapid in 2016 with an increase of 20%. Over the period under review, global production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports

After two years of growth, overseas shipments of iron or steel solid fuel domestic appliances decreased by less than 0.1% to X units in 2022. In general, exports showed a pronounced decline. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. The global exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports rose sharply to $X in 2022. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +94.8% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of 49%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from the Netherlands (X units), China (X units), Poland (X units), Italy (X units), Germany (X units), Belgium (X units), Turkey (X units), Serbia (X units), the Czech Republic (X units), Austria (X units), Hungary (X units) and Denmark (X units), together resulting at 77% of total export. Slovakia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +14.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest metal solid fuel appliances supplying countries worldwide were Italy ($X), China ($X) and Poland ($X), with a combined 46% share of global exports. Austria, Hungary, the Czech Republic, Germany, Denmark, the Netherlands, Slovakia, Serbia, Belgium and Turkey lagged somewhat behind, together accounting for a further 34%.

In terms of the main exporting countries, the Netherlands, with a CAGR of +15.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, picking up by 7.1% against the previous year. In general, the export price saw a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 120% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Turkey ($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 (+34.7%), while the other global leaders experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports

In 2022, after four years of growth, there was significant decline in supplies from abroad of iron or steel solid fuel domestic appliances, when their volume decreased by -18.6% to X units. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 74%. As a result, imports attained the peak of X units, and then declined notably in the following year.

In value terms, metal solid fuel appliances imports totaled $X in 2022. In general, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.3% 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 +98.9% against 2016 indices. The growth pace was the most rapid in 2021 when imports increased by 55%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, the United States (X units) represented the major importer of iron or steel solid fuel domestic appliances, achieving 38% of total imports. The Netherlands (X units) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by the UK (10%) and Germany (6.2%). France (X units), Poland (X units), Belgium (X units), Canada (X units), Australia (X units) and Italy (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to metal solid fuel appliances imports into the United States stood at +6.8%. At the same time, Australia (+11.7%), Germany (+11.5%), Belgium (+11.4%), France (+9.5%), the UK (+7.9%), the Netherlands (+7.4%), Poland (+5.9%), Canada (+4.5%) and Italy (+4.4%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in the world, with a CAGR of +11.7% from 2012-2022. While the share of Germany (+2.3 p.p.) and the United States (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal solid fuel appliances importing markets worldwide were France ($X), the United States ($X) and Germany ($X), together accounting for 48% of global imports. The UK, Italy, the Netherlands, Belgium, Canada, Australia and Poland lagged somewhat behind, together accounting for a further 22%.

In terms of the main importing countries, the Netherlands, with a CAGR of +13.1%, saw the highest growth rate of the value of imports, 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 solid fuel appliances import price stood at $X per unit in 2022, picking up by 34% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 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 France ($X per unit), while the Netherlands ($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 (+5.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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