Asia: Iron Household Articles Market 2025

Iron Household Articles Market Size in Asia

In 2021, the Asian iron household articles market decreased by -8.8% to $X, falling for the second consecutive year after six years of growth. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.7% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Iron Household Articles Production in Asia

In value terms, iron household articles production stood at $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.7% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 21%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Iron Household Articles Exports

Exports in Asia

In 2021, shipments abroad of table, kitchen or household articles and parts of iron increased by 18% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, exports recorded a mild increase. The pace of growth was the most pronounced in 2017 when exports increased by 18%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, iron household articles exports skyrocketed to $X in 2021. Total exports indicated a perceptible 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 +101.6% 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, resulting at X tons, which was near 84% of total exports in 2021. It was distantly followed by Turkey (X tons) and Taiwan (Chinese) (X tons), together generating a 10% share of total exports. India (X tons) held a minor share of total exports.

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, Turkey (+8.2%) and Taiwan (Chinese) (+1.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of +8.2% from 2012-2021. By contrast, India (-11.8%) illustrated a downward trend over the same period. While the share of Turkey (+2.5 p.p.) and China (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of India (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron household articles supplier in Asia, comprising 89% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4% share of total exports. It was followed by Turkey, with a 2.6% share.

In China, iron household articles exports expanded at an average annual rate of +4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+2.4% per year) and Turkey (+6.3% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 7.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 when the export price increased by 11%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Turkey ($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

In 2021, after three years of decline, there was significant growth in overseas purchases of table, kitchen or household articles and parts of iron, when their volume increased by 14% to X tons. The total import volume increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 14%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, iron household articles imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +3.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 33% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons), distantly followed by South Korea (X tons), the United Arab Emirates (X tons), Thailand (X tons), Malaysia (X tons) and Iraq (X tons) were the main importers of table, kitchen or household articles and parts of iron, together creating 55% of total imports. The following importers - Indonesia (X tons), Saudi Arabia (X tons), Hong Kong SAR (X tons), Israel (X tons), India (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) - together made up 24% of total imports.

Imports into Japan increased at an average annual rate of +4.2% from 2012 to 2021. At the same time, Malaysia (+28.6%), South Korea (+13.9%), Taiwan (Chinese) (+13.6%), Thailand (+9.7%), Singapore (+6.9%), Israel (+6.7%), Iraq (+6.2%) and Indonesia (+3.7%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +28.6% from 2012-2021. India experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.4%), Hong Kong SAR (-6.5%) and Saudi Arabia (-8.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea, Japan, Malaysia, Thailand, Iraq and Taiwan (Chinese) increased by +5.7, +4.9, +4.9, +2.9, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported table, kitchen or household articles and parts of iron in Asia, comprising 24% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by South Korea, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled +6.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+2.2% per year) and South Korea (+15.1% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, approximately mirroring the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2013 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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