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

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in Germany

In 2022, the German metal liquid fuel appliances market increased by 105% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a strong increase. 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 Germany

In value terms, metal liquid fuel appliances production reduced to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 21%. Metal liquid fuel appliances production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from Germany

After two years of growth, shipments abroad of iron or steel liquid fuel domestic appliances decreased by -18.7% to X units in 2022. Over the period under review, exports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2020 with an increase of 70%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal liquid fuel appliances exports contracted notably to $X in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 96%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Switzerland (X units), France (X units) and Poland (X units) were the main destinations of metal liquid fuel appliances exports from Germany, with a combined 55% share of total exports. The Czech Republic, Austria, the Netherlands, Denmark, Italy, Slovakia, the UK and Romania lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +37.8%), while the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), France ($X) and Poland ($X) constituted the largest markets for metal liquid fuel appliances exported from Germany worldwide, together comprising 45% of total exports. Denmark, Austria, Italy, the UK, Romania, the Czech Republic, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further 26%.

In terms of the main countries of destination, Denmark, with a CAGR of +21.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average metal liquid fuel appliances export price stood at $X per unit in 2022, with a decrease of -15% against the previous year. Overall, the export price recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into Germany

In 2022, supplies from abroad of iron or steel liquid fuel domestic appliances increased by 159% to X units, rising for the third consecutive year after five years of decline. Overall, imports recorded a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, metal liquid fuel appliances imports surged to $X in 2022. Over the period under review, imports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 95%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of metal liquid fuel appliances to Germany, accounting for a 83% share of total imports. Moreover, metal liquid fuel appliances imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), ninefold. The third position in this ranking was taken by Poland (X units), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+51.1% per year) and Poland (+26.3% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel liquid fuel domestic appliances to Germany, comprising 61% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by Hungary, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+39.3% per year) and Hungary (-1.7% per year).

Import Prices by Country

In 2022, the average metal liquid fuel appliances import price amounted to $X per unit, waning by -33.9% against the previous year. Overall, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 37%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+23.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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