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

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

In 2022, the EU metal solid fuel appliances market increased by 55% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +79.5% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, metal solid fuel appliances production rose rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when the production volume increased by 31%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in years to come.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports in the EU

After three years of growth, shipments abroad of iron or steel solid fuel domestic appliances decreased by -2.7% to X units in 2022. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +67.1% against 2018 indices. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. As a result, the exports attained the peak of X units, and then declined in the following year.

In value terms, metal solid fuel appliances exports totaled $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +60.0% against 2018 indices. The growth pace was the most rapid in 2021 with an increase of 44%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, the Netherlands (X units), distantly followed by Poland (X units), Italy (X units), Germany (X units), Belgium (X units), the Czech Republic (X units) and Austria (X units) represented the key exporters of iron or steel solid fuel domestic appliances, together comprising 73% of total exports. Hungary (X units), Denmark (X units), Slovakia (X units), France (X units), Bulgaria (X units) and Croatia (X units) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Croatia (with a CAGR of +9.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest metal solid fuel appliances supplier in the European Union, comprising 31% of total exports. The second position in the ranking was held by Poland ($X), with a 6.8% share of total exports. It was followed by Austria, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Italy amounted to +6.6%. In the other countries, the average annual rates were as follows: Poland (+14.8% per year) and Austria (+1.5% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, picking up by 18% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Italy ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+11.5%), while the other leaders experienced more modest paces of growth.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports in the EU

After six years of growth, purchases abroad of iron or steel solid fuel domestic appliances decreased by -11.8% to X units in 2022. In general, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 103% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, metal solid fuel appliances imports soared to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value 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 +75.9% against 2018 indices. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands was the major importer of iron or steel solid fuel domestic appliances in the European Union, with the volume of imports recording X units, which was near 33% of total imports in 2022. Germany (X units) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by France (8.7%), Poland (8.2%) and Belgium (7.6%). The following importers - Italy (X units), Spain (X units), Slovakia (X units), the Czech Republic (X units), Denmark (X units) and Sweden (X units) - together made up 18% of total imports.

Imports into the Netherlands increased at an average annual rate of +7.4% from 2012 to 2022. At the same time, Germany (+11.5%), Belgium (+11.4%), France (+9.5%), Sweden (+6.3%), Poland (+5.9%), Italy (+4.4%), Denmark (+3.3%), the Czech Republic (+2.0%) and Slovakia (+1.3%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the European Union, with a CAGR of +11.5% from 2012-2022. By contrast, Spain (-3.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Germany, the Netherlands, Belgium and France increased by +6.8, +6.3, +3.3 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest metal solid fuel appliances importing markets in the European Union were France ($X), Germany ($X) and Italy ($X), together accounting for 59% of total imports. The Netherlands, Belgium, the Czech Republic, Poland, Spain, Denmark, Sweden and Slovakia lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, the Netherlands, with a CAGR of +13.1%, 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 the European Union amounted to $X per unit, picking up by 35% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while the Netherlands ($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 (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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