Southern Asia: Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size in Southern Asia

The South Asian metal gas appliances market expanded slightly to $X in 2022, with an increase of 3% against the previous year. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Metal Gas Appliances Production in Southern Asia

In value terms, metal gas appliances production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.0% 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 2017 with an increase of 16%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Metal Gas Appliances Exports

Exports in Southern Asia

In 2022, shipments abroad of iron or steel gas domestic appliances increased by 48% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2013 when exports increased by 73% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, metal gas appliances exports totaled $X in 2022. Over the period under review, exports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 106%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) and Bangladesh (X units) were the key exporters of iron or steel gas domestic appliances in 2022, recording near 49% and 34% of total exports, respectively. It was distantly followed by Sri Lanka (X units), generating a 16% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Sri Lanka (with a CAGR of +27.5%), while the other leaders experienced a decline in the exports figures.

In value terms, India ($X) remains the largest metal gas appliances supplier in Southern Asia, comprising 57% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 23% share of total exports.

In India, metal gas appliances exports contracted by an average annual rate of -2.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Sri Lanka (+28.7% per year) and Bangladesh (-16.0% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with a decrease of -27.3% against the previous year. Overall, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the export price increased by 160% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2021, and then reduced markedly in the following year.

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 Sri Lanka ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.4%), while the other leaders experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports in Southern Asia

In 2022, the amount of iron or steel gas domestic appliances imported in Southern Asia shrank notably to X units, which is down by -22.2% against the previous year's figure. Over the period under review, imports showed a pronounced setback. The growth pace was the most rapid in 2013 with an increase of 89%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, metal gas appliances imports fell dramatically to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Nepal (X units) and India (X units) represented roughly 72% of total imports in 2022. Afghanistan (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (7%) and Bangladesh (4.9%). Pakistan (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Afghanistan ($X) constitutes the largest market for imported iron or steel gas domestic appliances in Southern Asia, comprising 51% of total imports. The second position in the ranking was held by Nepal ($X), with a 17% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Afghanistan amounted to +6.8%. In the other countries, the average annual rates were as follows: Nepal (+3.6% per year) and India (-2.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, increasing by 4.1% against the previous year. Over the period under review, the import price saw a temperate expansion. The pace of growth was the most pronounced in 2020 when the import price increased by 80%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Afghanistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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