Southern Asia: Market for Iron Or Steel Solid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Southern Asia

In 2022, after two years of growth, there was decline in the South Asian metal solid fuel appliances market, when its value decreased by -0.1% to $X. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Iron Or Steel Solid Fuel Domestic Appliances in Southern Asia

In value terms, metal solid fuel appliances production declined slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced slump. The growth pace was the most rapid in 2014 with an increase of 21%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports in Southern Asia

In 2022, approx. X units of iron or steel solid fuel domestic appliances were exported in Southern Asia; falling by -1.6% compared with the year before. Overall, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2016 with an increase of 80%. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped modestly in the following year.

In value terms, metal solid fuel appliances exports dropped slightly to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 63%. As a result, the exports reached the peak of $X, and then contracted slightly in the following year.

Exports by Country

India dominates exports structure, amounting to X units, which was approx. 91% of total exports in 2022. It was distantly followed by Bangladesh (X units), committing a 5.2% share of total exports. Afghanistan (X units) held a minor share of total exports.

Exports from India increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Afghanistan (+49.0%) and Bangladesh (+35.7%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +49.0% from 2012-2022. From 2012 to 2022, the share of Bangladesh and Afghanistan increased by +4.6 and +2.8 percentage points, respectively.

In value terms, India ($X) remains the largest metal solid fuel appliances supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 3% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +11.9%. In the other countries, the average annual rates were as follows: Bangladesh (+32.3% per year) and Afghanistan (+13.6% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, leveling off at the previous year. Export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal solid fuel appliances export price decreased by -1.7% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 54% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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 India ($X per unit), while Afghanistan ($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 (+3.7%), while the other leaders experienced a decline in the export price figures.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports in Southern Asia

In 2022, the amount of iron or steel solid fuel domestic appliances imported in Southern Asia rose markedly to X units, picking up by 13% compared with 2021. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, metal solid fuel appliances imports shrank rapidly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 71%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Pakistan was the main importer of iron or steel solid fuel domestic appliances in Southern Asia, with the volume of imports resulting at X units, which was approx. 69% of total imports in 2022. Afghanistan (X units) held the second position in the ranking, distantly followed by India (X units). All these countries together took near 24% share of total imports. Sri Lanka (X units) and Nepal (X units) followed a long way behind the leaders.

Pakistan was also the fastest-growing in terms of the iron or steel solid fuel domestic appliances imports, with a CAGR of +35.3% from 2012 to 2022. At the same time, Sri Lanka (+25.9%) and Nepal (+15.6%) displayed positive paces of growth. India experienced a relatively flat trend pattern. By contrast, Afghanistan (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Pakistan and Sri Lanka increased by +63 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported iron or steel solid fuel domestic appliances in Southern Asia, comprising 62% of total imports. The second position in the ranking was held by Nepal ($X), with a 17% share of total imports. It was followed by Afghanistan, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to +4.4%. In the other countries, the average annual rates were as follows: Nepal (+21.2% per year) and Afghanistan (-19.3% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, reducing by -41.6% against the previous year. Overall, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by 120%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the 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 Nepal ($X per unit), while Pakistan ($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 (+5.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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