India: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2025

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

The Indian metal liquid fuel appliances market reduced modestly to $X in 2022, dropping by -2.5% against the previous year. Over the period under review, consumption showed a slight decrease. The most prominent rate of growth was recorded in 2016 when the market value increased by 4% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in India

In value terms, metal liquid fuel appliances production fell slightly to $X in 2022 estimated in export price. Overall, production showed a slight decline. The most prominent rate of growth was recorded in 2016 with an increase of 3.9% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports from India

In 2022, metal liquid fuel appliances exports from India surged to X units, rising by 1,147% compared with 2021 figures. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2019 when exports increased by 34,150% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, metal liquid fuel appliances exports soared to $X in 2022. Overall, exports showed perceptible growth. The growth pace was the most rapid in 2017 with an increase of 238,033%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Seychelles (X units), Sri Lanka (X units) and Bhutan (X units) were the main destinations of metal liquid fuel appliances exports from India, together accounting for 98% of total exports. Bangladesh lagged somewhat behind, comprising a further 1.6%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +23.4%), while the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X) emerged as the key foreign market for iron or steel liquid fuel domestic appliances exports from India, comprising 48% of total exports. The second position in the ranking was taken by Bhutan ($X), with a 23% share of total exports. It was followed by Bangladesh, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sri Lanka was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bhutan (-20.1% per year) and Bangladesh (+8.1% per year).

Export Prices by Country

The average metal liquid fuel appliances export price stood at $X per unit in 2022, dropping by -88% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 an increase of 4,310%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bhutan ($X per unit), while the average price for exports to Seychelles (less than $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 the United Arab Emirates (+6.8%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports into India

For the third year in a row, India recorded decline in overseas purchases of iron or steel liquid fuel domestic appliances, which decreased by -18.2% to X units in 2022. Overall, imports recorded a sharp reduction. The pace of growth appeared the most rapid in 2019 with an increase of 3,241%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, metal liquid fuel appliances imports contracted notably to $X in 2022. Over the period under review, imports faced a sharp slump. The pace of growth was the most pronounced in 2019 with an increase of 2,559%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main metal liquid fuel appliances supplier to India, with a 98% share of total imports. It was followed by Poland (X units), with a 2.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled -19.7%.

In value terms, China ($X) constituted the largest supplier of iron or steel liquid fuel domestic appliances to India, comprising 97% of total imports. The second position in the ranking was held by Poland ($X), with a 3.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -18.3%.

Import Prices by Country

The average metal liquid fuel appliances import price stood at $X per unit in 2022, shrinking by -22.7% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price 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, metal liquid fuel appliances import price decreased by -25.9% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 52%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a lower figure.

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 Poland ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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