U.S.: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in the U.S.

In 2022, the U.S. market for iron or steel gas domestic cooking appliances and plate warmers decreased by -14.1% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +18.3% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then fell in the following year.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from the U.S.

In 2022, overseas shipments of iron or steel gas domestic cooking appliances and plate warmers decreased by -22.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers contracted remarkably to $X in 2022. Over the period under review, exports saw a noticeable decrease. The growth pace was the most rapid in 2021 when exports increased by 40%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for exports of iron or steel gas domestic cooking appliances and plate warmers from the United States, with a 60% share of total exports. Moreover, exports of iron or steel gas domestic cooking appliances and plate warmers to Canada exceeded the volume sent to the second major destination, the UK (X units), sevenfold. The third position in this ranking was held by Germany (X units), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-2.0% per year) and Germany (-25.4% per year).

In value terms, Canada ($X) remains the key foreign market for iron or steel gas domestic cooking appliances and plate warmers exports from the United States, comprising 68% of total exports. The second position in the ranking was held by Mexico ($X), with a 3.1% share of total exports. It was followed by the Dominican Republic, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Canada stood at +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+7.7% per year) and the Dominican Republic (+3.5% per year).

Export Prices by Country

The average export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, rising by 4.4% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or steel gas domestic cooking appliances and plate warmers increased by +34.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 28% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into the U.S.

In 2022, after two years of growth, there was significant decline in supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers, when their volume decreased by -17.7% to X units. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of 44% against the previous year. Imports peaked at X units in 2021, and then plummeted in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers contracted to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 20%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest iron or steel gas domestic cooking appliances and plate warmers supplier to the United States, accounting for a 79% share of total imports. Moreover, imports of iron or steel gas domestic cooking appliances and plate warmers from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), eightfold. Thailand (X units) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.3% per year) and Thailand (+30.7% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel gas domestic cooking appliances and plate warmers to the United States, comprising 56% of total imports. The second position in the ranking was taken by Mexico ($X), with a 23% share of total imports. It was followed by Thailand, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+4.4% per year) and Thailand (+36.0% per year).

Import Prices by Country

In 2022, the average import price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, picking up by 5.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform