China: Metal Gas Appliances Market 2025

Metal Gas Appliances Market Size in China

The Chinese metal gas appliances market dropped significantly to $X in 2022, waning by -39.6% against the previous year. In general, consumption showed a abrupt contraction. Metal gas appliances consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Gas Appliances Production in China

In value terms, metal gas appliances production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 17%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Metal Gas Appliances Exports

Exports from China

In 2022, shipments abroad of iron or steel gas domestic appliances increased by 51% to X units, rising for the third year in a row after two years of decline. Overall, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 167% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, metal gas appliances exports shrank significantly to $X in 2022. Over the period under review, exports saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 95%. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

The United States (X units) was the main destination for metal gas appliances exports from China, with a 60% share of total exports. Moreover, metal gas appliances exports to the United States exceeded the volume sent to the second major destination, Canada (X units), more than tenfold. The third position in this ranking was taken by South Africa (X units), with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+16.0% per year) and South Africa (+10.2% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel gas domestic appliances exports from China, comprising 59% of total exports. The second position in the ranking was held by Canada ($X), with a 4.7% share of total exports. It was followed by the UK, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+19.8% per year) and the UK (+13.5% per year).

Export Prices by Country

In 2022, the average metal gas appliances export price amounted to $X per unit, waning by -51.7% against the previous year. Over the period under review, the export price, however, saw a tangible expansion. The growth pace was the most rapid in 2018 when the average export price increased by 115% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports into China

In 2022, supplies from abroad of iron or steel gas domestic appliances increased by 177% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal gas appliances imports soared to $X in 2022. In general, imports recorded resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 137% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of metal gas appliances to China, with a 57% share of total imports. Moreover, metal gas appliances imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. Estonia (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+64.5% per year) and Estonia (+64.7% per year).

In value terms, South Korea ($X) constituted the largest supplier of iron or steel gas domestic appliances to China, comprising 34% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by the UK, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value from South Korea totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+36.4% per year) and the UK (+42.7% per year).

Import Prices by Country

In 2022, the average metal gas appliances import price amounted to $X per unit, waning by -30.5% against the previous year. Over the period under review, the import price showed a abrupt contraction. The growth pace was the most rapid in 2013 when the average import price increased by 17%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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