South-Eastern Asia: Metal Gas Appliances Market 2025

Metal Gas Appliances Market Size in South-Eastern Asia

In 2022, after two years of growth, there was decline in the Southeast Asian metal gas appliances market, when its value decreased by -5% to $X. The total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 +69.7% against 2019 indices. As a result, consumption reached the peak level of $X, and then dropped modestly in the following year.

Metal Gas Appliances Production in South-Eastern Asia

In value terms, metal gas appliances production contracted 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; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Metal Gas Appliances Exports

Exports in South-Eastern Asia

In 2022, after two years of decline, there was growth in shipments abroad of iron or steel gas domestic appliances, when their volume increased by 4.8% to X units. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 48% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal gas appliances exports rose slightly to $X in 2022. Over the period under review, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 70%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand dominates exports structure, resulting at X units, which was near 87% of total exports in 2022. It was distantly followed by Singapore (X units) and Vietnam (X units), together making up a 13% share of total exports.

Exports from Thailand increased at an average annual rate of +11.5% from 2012 to 2022. At the same time, Singapore (+16.6%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +16.6% from 2012-2022. Vietnam experienced a relatively flat trend pattern. While the share of Thailand (+12 p.p.) and Singapore (+3.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Vietnam (-9.2 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest metal gas appliances supplier in South-Eastern Asia, comprising 94% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 3.5% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled +13.5%. In the other countries, the average annual rates were as follows: Vietnam (-0.1% per year) and Singapore (+32.9% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, therefore, remained relatively stable against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal gas appliances export price increased by +55.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the export price increased by 58%. The level of export peaked at $X per unit in 2015; however, from 2016 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 Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+14.0%), while the other leaders experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports in South-Eastern Asia

In 2022, after three years of growth, there was significant decline in purchases abroad of iron or steel gas domestic appliances, when their volume decreased by -33.5% to X units. Over the period under review, imports showed a slight decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 35% against the previous year. The volume of import peaked at X units in 2021, and then dropped notably in the following year.

In value terms, metal gas appliances imports amounted to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 67% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X units) and Singapore (X units) represented roughly 71% of total imports in 2022. The Philippines (X units) ranks next in terms of the total imports with an 11% share, followed by Malaysia (8.1%). The following importers - Myanmar (X units), Vietnam (X units) and Indonesia (X units) - together made up 8% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +8.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X) constitutes the largest market for imported iron or steel gas domestic appliances in South-Eastern Asia, comprising 52% of total imports. The second position in the ranking was held by Thailand ($X), with a 15% share of total imports. It was followed by Vietnam, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at +12.4%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-5.7% per year) and Vietnam (-7.4% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, picking up by 53% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the import price increased by 59%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Malaysia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+20.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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