EU: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in the EU

For the third consecutive year, the EU metal liquid fuel appliances market recorded growth in sales value, which increased by 33% to $X in 2022. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +104.4% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in the EU

In value terms, metal liquid fuel appliances production rose sharply to $X in 2022 estimated in export price. Over the period under review, production showed pronounced growth. The pace of growth was the most pronounced in 2018 with an increase of 2,043% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in the EU

For the fourth year in a row, the European Union recorded growth in shipments abroad of iron or steel liquid fuel domestic appliances, which increased by 75% to X units in 2022. Over the period under review, exports showed a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal liquid fuel appliances exports surged to $X in 2022. Overall, exports posted a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 34%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Belgium (X units) and the Netherlands (X units) prevails in exports structure, together comprising 79% of total exports. Spain (X units), Poland (X units), Italy (X units), Finland (X units) and Greece (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +47.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the largest metal liquid fuel appliances supplier in the European Union, comprising 37% of total exports. The second position in the ranking was held by Poland ($X), with a 16% share of total exports. It was followed by Finland, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled +15.4%. In the other countries, the average annual rates were as follows: Poland (+18.2% per year) and Finland (+37.5% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, reducing by -23.2% against the previous year. Overall, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 20%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Greece ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.0%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in the EU

In 2022, purchases abroad of iron or steel liquid fuel domestic appliances increased by 20% to X units, rising for the second year in a row after three years of decline. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +82.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, metal liquid fuel appliances imports soared to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +91.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The Netherlands (X units) and Germany (X units) represented roughly 41% of total imports in 2022. France (X units) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (11%), Italy (8.7%), Spain (5.5%) and Austria (4.8%). Denmark (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), France ($X) and Germany ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 47% share of total imports.

The Netherlands, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 the European Union stood at $X per unit in 2022, falling by -4% against the previous year. In general, the import price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2021 when the import price increased by 8.9%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 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 France ($X per unit), while Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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