United Kingdom: Market for Table, Kitchen Or Household Articles Of Cast Iron 2025

Market Size for Table, Kitchen Or Household Articles Of Cast Iron in the UK

The UK cast iron household articles market shrank rapidly to $X in 2022, with a decrease of -24.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.9% 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 +37.4% against 2017 indices. As a result, consumption reached the peak level of $X, and then dropped notably in the following year.

Exports of Table, Kitchen Or Household Articles Of Cast Iron

Exports from the UK

In 2022, overseas shipments of table, kitchen or household articles of cast iron decreased by -41.6% to X tons, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by 299%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cast iron household articles exports contracted sharply to $X in 2022. Overall, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 212% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Ireland (X tons) and Canada (X tons) were the main destinations of cast iron household articles exports from the UK, together comprising 57% of total exports. The United Arab Emirates, the United States, India, France, Germany, Belgium, Switzerland, China, Australia and Sweden lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +29.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cast iron household articles exported from the UK were Ireland ($X), the Netherlands ($X) and Canada ($X), together comprising 49% of total exports. India, the United States, Belgium, the United Arab Emirates, Australia, Sweden, Switzerland, China, Germany and France lagged somewhat behind, together accounting for a further 37%.

China, with a CAGR of +49.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cast iron household articles export price stood at $X per ton in 2022, with an increase of 10% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 29% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Table, Kitchen Or Household Articles Of Cast Iron

Imports into the UK

Cast iron household articles imports into the UK reduced rapidly to X tons in 2022, dropping by -17.7% compared with 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 50%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, cast iron household articles imports reduced remarkably to $X in 2022. Over the period under review, imports, however, showed tangible growth. The pace of growth appeared the most rapid in 2013 with an increase of 84% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest cast iron household articles supplier to the UK, with a 84% share of total imports. Moreover, cast iron household articles imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold. The third position in this ranking was taken by India (X tons), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-3.1% per year) and India (-12.1% per year).

In value terms, China ($X) constituted the largest supplier of table, kitchen or household articles of cast iron to the UK, comprising 63% of total imports. The second position in the ranking was taken by France ($X), with a 31% share of total imports. It was followed by India, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.7% per year) and India (-3.3% per year).

Import Prices by Country

In 2022, the average cast iron household articles import price amounted to $X per ton, falling by -13.9% against the previous year. Over the period under review, import price indicated a tangible 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, cast iron household articles import price increased by +62.4% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 53% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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