Asia: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in Asia

In 2022, the Asian cast iron household articles market decreased by -1.8% to $X, falling for the third year in a row after three years of growth. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Table, Kitchen Or Household Articles Of Cast Iron in Asia

In value terms, cast iron household articles production declined slightly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.2% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 66%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports in Asia

After three years of growth, overseas shipments of table, kitchen or household articles of cast iron decreased by -20.2% to X tons in 2022. Over the period under review, exports, however, showed a tangible expansion. The pace of growth was the most pronounced in 2017 when exports increased by 316% against the previous year. The volume of export peaked at X tons in 2021, and then fell dramatically in the following year.

In value terms, cast iron household articles exports dropped dramatically to $X in 2022. Total exports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 +79.0% against 2017 indices. The pace of growth was the most pronounced in 2021 when exports increased by 41%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 84% of total exports in 2022. It was distantly followed by Uzbekistan (X tons) and India (X tons), together achieving a 12% share of total exports.

Exports from China increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, Uzbekistan (+149.4%) and India (+14.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +149.4% from 2012-2022. Uzbekistan (+7.4 p.p.) and India (+3 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -9% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest cast iron household articles supplier in Asia, comprising 85% of total exports. The second position in the ranking was taken by India ($X), with a 5.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +2.0%. In the other countries, the average annual rates were as follows: India (+14.4% per year) and Uzbekistan (+163.9% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, picking up by 6.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 230% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.8%), while the other leaders experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports in Asia

In 2022, after three years of growth, there was significant decline in overseas purchases of table, kitchen or household articles of cast iron, when their volume decreased by -9.3% to X tons. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +72.7% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 27% against the previous year. The volume of import peaked at X tons in 2021, and then declined in the following year.

In value terms, cast iron household articles imports dropped modestly to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +62.7% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 23%. The level of import peaked at $X in 2021, and then reduced slightly in the following year.

Imports by Country

In 2022, Kyrgyzstan (X tons), distantly followed by Malaysia (X tons), Japan (X tons), South Korea (X tons), Thailand (X tons) and Saudi Arabia (X tons) represented the largest importers of table, kitchen or household articles of cast iron, together making up 67% of total imports. The following importers - China (X tons), Singapore (X tons), Taiwan (Chinese) (X tons), India (X tons), Indonesia (X tons), Vietnam (X tons) and the Philippines (X tons) - together made up 20% of total imports.

Kyrgyzstan was also the fastest-growing in terms of the table, kitchen or household articles of cast iron imports, with a CAGR of +96.8% from 2012 to 2022. At the same time, Taiwan (Chinese) (+18.8%), Thailand (+17.4%), Malaysia (+15.3%), China (+12.3%), Vietnam (+11.0%), Singapore (+10.8%), South Korea (+8.7%), Saudi Arabia (+4.5%), Japan (+3.7%) and India (+3.3%) displayed positive paces of growth. By contrast, the Philippines (-5.5%) and Indonesia (-7.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan, Malaysia, Thailand, South Korea, Taiwan (Chinese), China and Singapore increased by +23, +6.3, +5.4, +2.6, +2.3, +2.1 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 52% share of total imports. Saudi Arabia, Taiwan (Chinese), Singapore, Malaysia, Kyrgyzstan, Thailand, Indonesia, Vietnam, the Philippines and India lagged somewhat behind, together comprising a further 35%.

Kyrgyzstan, with a CAGR of +67.8%, saw the highest growth rate of the value of imports, among the main importing countries 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 ton in 2022, surging by 7.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the import price increased by 18%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 China ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :