South-Eastern Asia: Market for Table, Kitchen Or Household Articles Of Cast Iron 2024

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in the Southeast Asian cast iron household articles market, when its value decreased by -14.5% to $X. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2021, and then reduced in the following year.

Production of Table, Kitchen Or Household Articles Of Cast Iron in South-Eastern Asia

In value terms, cast iron household articles production declined markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 221% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of table, kitchen or household articles of cast iron, when their volume decreased by -20.5% to X tons. In general, exports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2015 when exports increased by 83% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cast iron household articles exports fell remarkably to $X in 2022. Over the period under review, exports saw a mild decline. The growth pace was the most rapid in 2015 with an increase of 80% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of table, kitchen or household articles of cast iron, namely Thailand, Vietnam and Singapore, represented more than two-thirds of total export. It was distantly followed by Indonesia (X tons), comprising a 5% share of total exports. Malaysia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +26.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, with a combined 93% share of total exports.

Vietnam, with a CAGR of +37.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, declining by -5.9% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cast iron household articles export price increased by +17.1% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by 42%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.4%), while the other leaders experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in supplies from abroad of table, kitchen or household articles of cast iron, when their volume decreased by -26.1% to X tons. In general, imports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 84% against the previous year. The volume of import peaked at X tons in 2021, and then shrank rapidly in the following year.

In value terms, cast iron household articles imports declined remarkably to $X in 2022. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year. The level of import peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Malaysia (X tons) and Thailand (X tons) were the largest importers of table, kitchen or household articles of cast iron in South-Eastern Asia, together committing 62% of total imports. It was distantly followed by Singapore (X tons), Indonesia (X tons), Vietnam (X tons) and the Philippines (X tons), together committing a 34% share of total imports. Myanmar (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined 64% share of total imports.

Among the main importing countries, Thailand, with a CAGR of +15.1%, saw the highest growth rate of 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 South-Eastern Asia amounted to $X per ton, growing by 8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2017 when the import price increased by 30%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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