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

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

The East Asian cast iron household articles market expanded sharply to $X in 2022, picking up by 9.9% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, cast iron household articles production reached $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 97%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports in Eastern Asia

After two years of growth, overseas shipments of table, kitchen or household articles of cast iron decreased by -25.3% to X tons in 2022. In general, exports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2017 when exports increased by 499% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then reduced remarkably in the following year.

In value terms, cast iron household articles exports declined sharply to $X in 2022. Total exports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +74.7% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by 45%. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

The biggest shipments were from China (X tons), together amounting to 98% of total export.

China was also the fastest-growing in terms of the table, kitchen or household articles of cast iron exports, with a CAGR of +2.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest cast iron household articles supplier in Eastern Asia.

In China, cast iron household articles exports expanded at an average annual rate of +2.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, growing by 12% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 359%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.1% per year.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports in Eastern Asia

In 2022, supplies from abroad of table, kitchen or household articles of cast iron decreased by -7.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +34.1% against 2018 indices. The most prominent rate of growth was recorded in 2016 with an increase of 43%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, cast iron household articles imports amounted to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +9.6% 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 +70.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 30%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) and South Korea (X tons) represented the major importers of table, kitchen or household articles of cast iron in Eastern Asia, together creating 64% of total imports. China (X tons) took the next position in the ranking, followed by Taiwan (Chinese) (X tons). All these countries together held near 27% share of total imports. The following importers - Democratic People's Republic of Korea (X tons) and Hong Kong SAR (X tons) - each recorded an 8.2% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +33.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cast iron household articles importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), with a combined 84% share of total imports. Taiwan (Chinese), Hong Kong SAR and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further 15%.

In terms of the main importing countries, Democratic People's Republic of Korea, with a CAGR of +24.8%, saw 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 import price in Eastern Asia amounted to $X per ton, rising by 17% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2017 an increase of 37% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+12.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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