Overview of the Global Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

In 2022, after two years of growth, there was significant decline in the global market for iron or steel gas domestic cooking appliances and plate warmers, when its value decreased by -7% to $X. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 8.8%. Global consumption peaked at $X in 2021, and then reduced in the following year.

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

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 29% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports

For the fourth consecutive year, the global market recorded growth in overseas shipments of iron or steel gas domestic cooking appliances and plate warmers, which increased by 83% to X units in 2022. In general, exports saw a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of 106% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers declined rapidly to $X in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

China prevails in warmers structure, finishing at X units, which was near 70% of total exports in 2022. It was distantly followed by Turkey (X units), mixing up a 7.6% share of total exports. The following exporters - Mexico (X units), India (X units) and Italy (X units) - together made up 9.3% of total exports.

From 2012 to 2022, average annual rates of growth with regard to iron or steel gas domestic cooking appliances and plate warmers exports from China stood at +3.9%. At the same time, India (+21.6%), Mexico (+12.5%) and Turkey (+5.8%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.6% from 2012-2022. By contrast, Italy (-4.8%) illustrated a downward trend over the same period. While the share of China (+3.9 p.p.), India (+2.5 p.p.), Mexico (+2.3 p.p.) and Turkey (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-2.8 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest iron or steel gas domestic cooking appliances and plate warmers supplier worldwide, comprising 47% of global exports. The second position in the ranking was taken by Mexico ($X), with a 9.6% share of global exports. It was followed by Turkey, with a 7.9% share.

In China, exports of iron or steel gas domestic cooking appliances and plate warmers expanded at an average annual rate of +6.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (+5.2% per year) and Turkey (+4.7% per year).

Export Prices by Country

In 2022, the average export price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, falling by -53.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 99%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then reduced dramatically 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 Italy ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other global leaders experienced more modest paces of growth.

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

Imports

After five years of growth, purchases abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -13.3% to X units in 2022. In general, total imports indicated a moderate increase from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by +43.4% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers declined to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +24.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The United States represented the largest importer of iron or steel gas domestic cooking appliances and plate warmers in the world, with the volume of imports accounting for X units, which was near 25% of total imports in 2022. The UK (X units) held the second position in the ranking, followed by Germany (X units) and Russia (X units). All these countries together took near 17% share of total imports. The following importers - France (X units), Thailand (X units), Canada (X units), the Philippines (X units), Australia (X units), Spain (X units), the Netherlands (X units), Poland (X units) and Italy (X units) - together made up 26% of total imports.

Imports into the United States increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, Germany (+13.2%), Poland (+11.0%), the UK (+8.3%), Spain (+7.7%), Thailand (+6.9%), Italy (+4.0%), the Netherlands (+3.5%), the Philippines (+3.4%) and Canada (+3.3%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing importer imported in the world, with a CAGR of +13.2% from 2012-2022. France, Russia and Australia experienced a relatively flat trend pattern. While the share of the United States (+3.2 p.p.), Germany (+3.1 p.p.) and the UK (+2.4 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Russia (-1.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel gas domestic cooking appliances and plate warmers worldwide, comprising 35% of global imports. The second position in the ranking was held by Germany ($X), with a 6.7% share of global imports. It was followed by Canada, with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +5.3%. In the other countries, the average annual rates were as follows: Germany (+11.5% per year) and Canada (+3.1% per year).

Import Prices by Country

The average import price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, increasing by 1.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 7.7% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Canada ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+14.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform