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

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

In 2022, the Europe metal solid fuel appliances market increased by 34% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Europe

In value terms, metal solid fuel appliances production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports in Europe

In 2022, the amount of iron or steel solid fuel domestic appliances exported in Europe was estimated at X units, therefore, remained relatively stable against 2021. Total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +69.4% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 43%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, metal solid fuel appliances exports soared to $X in 2022. Total exports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +66.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, the Netherlands (X units), followed by Poland (X units), Italy (X units), Germany (X units), Belgium (X units), Serbia (X units) and the Czech Republic (X units) were the key exporters of iron or steel solid fuel domestic appliances, together mixing up 66% of total exports. Austria (X units), Hungary (X units), Denmark (X units), Slovakia (X units), France (X units) and Bulgaria (X units) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Serbia (with a CAGR of +14.3%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) remains the largest metal solid fuel appliances supplier in Europe, comprising 29% of total exports. The second position in the ranking was held by Poland ($X), with a 6.2% share of total exports. It was followed by Austria, with a 6.2% share.

In Italy, metal solid fuel appliances exports increased at an average annual rate of +6.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+14.8% per year) and Austria (+1.5% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, picking up by 17% against the previous year. In general, the export price saw a relatively flat trend pattern. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Europe

In 2022, after six years of growth, there was significant decline in overseas purchases of iron or steel solid fuel domestic appliances, when their volume decreased by -15.3% to X units. Overall, imports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 103%. As a result, imports attained the peak of X units, and then shrank markedly in the following year.

In value terms, metal solid fuel appliances imports soared to $X in 2022. Total imports indicated a pronounced increase 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, imports increased by +74.9% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 51% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

In 2022, the Netherlands (X units) and the UK (X units) represented the major importers of iron or steel solid fuel domestic appliances in Europe, together constituting 45% of total imports. It was distantly followed by Germany (X units), France (X units), Poland (X units) and Belgium (X units), together committing a 31% share of total imports. Italy (X units), Spain (X units), Slovakia (X units), the Czech Republic (X units) and Denmark (X units) held a relatively small 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 Germany (with a CAGR of +11.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the UK ($X) were the countries with the highest levels of imports in 2022, with a combined 51% share of total imports. Italy, the Netherlands, Belgium, the Czech Republic, Poland, Spain, Denmark and Slovakia lagged somewhat behind, together comprising a further 23%.

Among 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 Europe amounted to $X per unit, growing by 36% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 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 ($X per unit), while the Netherlands ($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