Asia: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Asia

The Asian metal gas appliances market contracted to $X in 2022, waning by -8.3% against the previous year. In general, consumption showed a pronounced downturn. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Metal Gas Appliances Production in Asia

In value terms, metal gas appliances production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal Gas Appliances Exports

Exports in Asia

In 2022, shipments abroad of iron or steel gas domestic appliances increased by 41% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of 92%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, metal gas appliances exports dropped remarkably to $X in 2022. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $X, and then contracted rapidly in the following year.

Exports by Country

China dominates exports structure, recording X units, which was approx. 87% of total exports in 2022. It was distantly followed by Thailand (X units), creating a 4.8% share of total exports. The following exporters - Turkey (X units) and Iran (X units) - together made up 4.6% of total exports.

From 2012 to 2022, average annual rates of growth with regard to metal gas appliances exports from China stood at +10.0%. At the same time, Thailand (+11.5%), Iran (+11.4%) and Turkey (+3.2%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +11.5% from 2012-2022. From 2012 to 2022, the share of China increased by +5.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal gas appliances supplier in Asia, comprising 68% of total exports. The second position in the ranking was taken by Thailand ($X), with a 20% share of total exports. It was followed by Turkey, with a 2.3% share.

In China, metal gas appliances exports increased at an average annual rate of +12.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+13.5% per year) and Turkey (-0.5% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, falling by -43.2% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 77%. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Iran ($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 (+2.0%), while the other leaders experienced mixed trends in the export price figures.

Metal Gas Appliances Imports

Imports in Asia

In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or steel gas domestic appliances, when their volume decreased by -10.1% to X units. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, metal gas appliances imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Azerbaijan (X units), distantly followed by Japan (X units), Israel (X units), Thailand (X units), Georgia (X units), the United Arab Emirates (X units) and Singapore (X units) represented the major importers of iron or steel gas domestic appliances, together committing 72% of total imports. The following importers - China (X units), Kuwait (X units), Cyprus (X units), the Philippines (X units), Turkey (X units) and Malaysia (X units) - together made up 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Azerbaijan (with a CAGR of +84.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal gas appliances importing markets in Asia were Japan ($X), Azerbaijan ($X) and Georgia ($X), with a combined 48% share of total imports.

In terms of the main importing countries, Azerbaijan, with a CAGR of +75.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2013 an increase of 18% against the previous year. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 Malaysia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+20.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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