Asia-Pacific: Iron Household Articles Market 2025

Iron Household Articles Market Size in Asia-Pacific

In 2021, the Asia-Pacific iron household articles market decreased by -9.9% to $X for the first time since 2013, thus ending a seven-year rising trend. The total consumption indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Iron Household Articles Production in Asia-Pacific

In value terms, iron household articles production fell slightly to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +53.1% against 2014 indices. The growth pace was the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Iron Household Articles Exports

Exports in Asia-Pacific

In 2021, overseas shipments of table, kitchen or household articles and parts of iron increased by 17% to X tons, rising for the fifth year in a row after four years of decline. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 19% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, iron household articles exports skyrocketed to $X in 2021. Total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +102.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 90% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 5.3% share of total exports. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to iron household articles exports from China stood at +1.2%. At the same time, Taiwan (Chinese) (+1.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +1.9% from 2012-2021. By contrast, India (-11.8%) illustrated a downward trend over the same period. China (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -4.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron household articles supplier in Asia-Pacific, comprising 92% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.1% share of total exports.

In China, iron household articles exports expanded at an average annual rate of +4.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+2.4% per year) and India (-7.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 7.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2018 when the export price increased by 12%. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the other leaders experienced more modest paces of growth.

Iron Household Articles Imports

Imports in Asia-Pacific

In 2021, iron household articles imports in Asia-Pacific surged to X tons, with an increase of 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, iron household articles imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 29%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Japan (X tons), distantly followed by Australia (X tons), South Korea (X tons), Thailand (X tons), Malaysia (X tons), Indonesia (X tons) and Hong Kong SAR (X tons) represented the major importers of table, kitchen or household articles and parts of iron, together constituting 76% of total imports. India (X tons), Taiwan (Chinese) (X tons), Singapore (X tons), New Zealand (X tons), the Philippines (X tons) and Sri Lanka (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Malaysia (with a CAGR of +28.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together accounting for 60% of total imports. These countries were followed by Singapore, Malaysia, Hong Kong SAR, Thailand, India, Taiwan (Chinese), New Zealand, the Philippines, Indonesia and Sri Lanka, which together accounted for a further 33%.

In terms of the main importing countries, Sri Lanka, with a CAGR of +24.1%, 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-Pacific stood at $X per ton in 2021, increasing by 3.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2013 when the import price increased by 9.7%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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