China: Market for Iron Or Steel Solid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in China

After two years of decline, the Chinese metal solid fuel appliances market increased by 1.2% to $X in 2022. Over the period under review, consumption, however, showed a mild reduction. Metal solid fuel appliances consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Iron Or Steel Solid Fuel Domestic Appliances in China

In value terms, metal solid fuel appliances production shrank to $X in 2022 estimated in export price. Overall, production saw a noticeable contraction. The pace of growth was the most pronounced in 2016 with an increase of 61%. Metal solid fuel appliances production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from China

In 2022, overseas shipments of iron or steel solid fuel domestic appliances decreased by -16.8% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 44% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports fell significantly to $X in 2022. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 68%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

The United States (X units) was the main destination for metal solid fuel appliances exports from China, with a 47% share of total exports. Moreover, metal solid fuel appliances exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X units), sixfold. The UK (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-7.0% per year) and the UK (-12.9% per year).

In value terms, the United States ($X) remains the key foreign market for iron or steel solid fuel domestic appliances exports from China, comprising 40% of total exports. The second position in the ranking was held by the UK ($X), with a 13% share of total exports. It was followed by the Netherlands, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.5% per year) and the Netherlands (+19.7% per year).

Export Prices by Country

In 2022, the average metal solid fuel appliances export price amounted to $X per unit, with a decrease of -3% against the previous year. Over the period under review, the export price, however, posted significant growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 447% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then fell in the following year.

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 United States (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into China

For the sixth consecutive year, China recorded growth in supplies from abroad of iron or steel solid fuel domestic appliances, which increased by 129% to X units in 2022. Overall, imports saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 160% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, metal solid fuel appliances imports surged to $X in 2022. In general, imports saw a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 92%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

South Korea (X units), Japan (X units) and Spain (X units) were the main suppliers of metal solid fuel appliances imports to China, together comprising 12% of total imports. Denmark, Poland, Italy, Germany, Slovakia, Australia and the Netherlands lagged somewhat behind, together comprising a further 3.8%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +65.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal solid fuel appliances suppliers to China were Spain ($X), Italy ($X) and Poland ($X), together accounting for 55% of total imports.

In terms of the main suppliers, Poland, with a CAGR of +77.9%, recorded 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

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, falling by -49.1% against the previous year. In general, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2016 an increase of 11% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, 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 Italy ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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