Eastern Asia: Iron Household Articles Market 2025

Iron Household Articles Market Size in Eastern Asia

After six years of growth, the East Asian iron household articles market decreased by -17% to $X in 2021. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. 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 fell significantly in the following year.

Iron Household Articles Production in Eastern Asia

In value terms, iron household articles production contracted modestly to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.7% 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 +51.0% against 2014 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 15%. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

Iron Household Articles Exports

Exports in Eastern Asia

In 2021, overseas shipments of table, kitchen or household articles and parts of iron increased by 18% to X tons, rising for the fifth year in a row after three years of decline. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of 21% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, iron household articles exports surged to $X in 2021. Total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 +107.1% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X tons, which was near 93% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), achieving a 5.5% 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, Taiwan (Chinese) (+1.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +1.9% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron household articles supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +4.4%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, growing by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

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 Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.2%).

Iron Household Articles Imports

Imports in Eastern Asia

In 2021, the amount of table, kitchen or household articles and parts of iron imported in Eastern Asia expanded sharply to X tons, surging by 10% on 2020 figures. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 17%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, iron household articles imports surged to $X in 2021. The total import value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) was the key importer of table, kitchen or household articles and parts of iron, generating 58% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 23% share, followed by Hong Kong SAR (9.5%) and Taiwan (Chinese) (7.5%).

From 2012 to 2021, average annual rates of growth with regard to iron household articles imports into Japan stood at +4.2%. At the same time, South Korea (+13.9%) and Taiwan (Chinese) (+13.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +13.9% from 2012-2021. By contrast, Hong Kong SAR (-6.5%) illustrated a downward trend over the same period. While the share of South Korea (+13 p.p.) and Taiwan (Chinese) (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-15.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported table, kitchen or household articles and parts of iron in Eastern Asia, comprising 62% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by Hong Kong SAR, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value in Japan amounted to +6.2%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+15.1% per year) and Hong Kong SAR (-6.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, with an increase of 7.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per ton) and South Korea ($X per ton), while Hong Kong SAR ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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