South-Eastern Asia: Market for Iron Or Steel Liquid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Liquid Fuel Domestic Appliances in South-Eastern Asia

The Southeast Asian metal liquid fuel appliances market contracted to $X in 2022, waning by -5.4% against the previous year. Over the period under review, consumption recorded a deep contraction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Production of Iron Or Steel Liquid Fuel Domestic Appliances in South-Eastern Asia

In value terms, metal liquid fuel appliances production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a deep reduction. The pace of growth was the most pronounced in 2016 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Iron Or Steel Liquid Fuel Domestic Appliances

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of iron or steel liquid fuel domestic appliances, when their volume decreased by -42.9% to X units. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,569% against the previous year. The volume of export peaked at X units in 2021, and then reduced notably in the following year.

In value terms, metal liquid fuel appliances exports dropped to $X in 2022. In general, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 2,487% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Thailand dominates exports structure, finishing at X units, which was approx. 97% of total exports in 2022. Vietnam (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances exports, with a CAGR of +103.3% from 2012 to 2022. At the same time, Vietnam (+10.7%) displayed positive paces of growth. From 2012 to 2022, the share of Thailand increased by +96 percentage points.

In value terms, Thailand ($X) remains the largest metal liquid fuel appliances supplier in South-Eastern Asia, comprising 96% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 3.4% share of total exports.

In Thailand, metal liquid fuel appliances exports expanded at an average annual rate of +84.1% over the period from 2012-2022.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, rising by 63% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 92% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.2%).

Imports of Iron Or Steel Liquid Fuel Domestic Appliances

Imports in South-Eastern Asia

In 2022, approx. X units of iron or steel liquid fuel domestic appliances were imported in South-Eastern Asia; rising by 86% against 2021 figures. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 126% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, metal liquid fuel appliances imports contracted to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 111%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand dominates imports structure, reaching X units, which was approx. 90% of total imports in 2022. Vietnam (X units) and Malaysia (X units) held a relatively small share of total imports.

Thailand was also the fastest-growing in terms of the iron or steel liquid fuel domestic appliances imports, with a CAGR of +37.9% from 2012 to 2022. At the same time, Malaysia (+7.0%) displayed positive paces of growth. By contrast, Vietnam (-9.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand increased by +77 percentage points.

In value terms, the largest metal liquid fuel appliances importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), with a combined 82% share of total imports.

Thailand, with a CAGR of +25.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, declining by -50.8% against the previous year. In general, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 82% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat 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 Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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