Global Metal Gas Appliances Market 2024

Metal Gas Appliances Market Size

The global metal gas appliances market fell to $X in 2022, dropping by -6.2% against the previous year. Over the period under review, consumption continues to indicate a slight shrinkage. Over the period under review, the global market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Metal Gas Appliances Production

In value terms, metal gas appliances production expanded modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of 16%. Over the period under review, global production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Metal Gas Appliances Exports

Exports

In 2022, shipments abroad of iron or steel gas domestic appliances increased by 36% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 79%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, metal gas appliances exports contracted remarkably to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 35%. As a result, the exports reached the peak of $X, and then dropped dramatically in the following year.

Exports by Country

In 2022, China (X units) was the major exporter of iron or steel gas domestic appliances, creating 57% of total exports. Belarus (X units) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Poland (4.9%). The following exporters - Italy (X units), Thailand (X units), Spain (X units), Turkey (X units) and the Netherlands (X units) - together made up 13% of total exports.

Exports from China increased at an average annual rate of +10.0% from 2012 to 2022. At the same time, Belarus (+190.3%), Poland (+30.6%), Spain (+14.2%), Thailand (+11.5%), Italy (+3.8%) and Turkey (+3.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +190.3% from 2012-2022. By contrast, the Netherlands (-4.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus, Poland and China increased by +11, +4.1 and +2.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest metal gas appliances supplier worldwide, comprising 44% of global exports. The second position in the ranking was taken by Thailand ($X), with a 13% share of global exports. It was followed by the Netherlands, with a 5% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +12.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+13.5% per year) and the Netherlands (+3.9% per year).

Export Prices by Country

The average metal gas appliances export price stood at $X per unit in 2022, which is down by -38.1% against the previous year. In general, the export price recorded a perceptible descent. The pace of growth was the most pronounced in 2018 when the average export price increased by 26% against the previous year. The global export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a 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 Thailand ($X per unit), while Belarus ($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 Netherlands (+9.0%), while the other global leaders experienced more modest paces of growth.

Metal Gas Appliances Imports

Imports

In 2022, supplies from abroad of iron or steel gas domestic appliances decreased by -12.8% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, metal gas appliances imports shrank to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

The United States was the largest importing country with an import of about X units, which amounted to 42% of total imports. Germany (X units) took a 9.2% share (based on physical terms) of total imports, which put it in second place, followed by the UK (4.7%) and Poland (4.5%). The following importers - Canada (X units), Spain (X units), France (X units), South Africa (X units), Belarus (X units) and Chile (X units) - together made up 16% of total imports.

Imports into the United States increased at an average annual rate of +13.8% from 2012 to 2022. At the same time, Belarus (+45.0%), Poland (+25.1%), Germany (+17.0%), Spain (+12.8%), Canada (+12.0%), South Africa (+8.6%), Chile (+6.5%) and France (+1.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the world, with a CAGR of +45.0% from 2012-2022. The UK experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United States, Germany, Poland and Belarus increased by +18, +5.3, +3.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported iron or steel gas domestic appliances worldwide, comprising 44% of global imports. The second position in the ranking was taken by Canada ($X), with a 9.9% share of global imports. It was followed by Germany, with a 7.3% share.

In the United States, metal gas appliances imports expanded at an average annual rate of +11.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Canada (+9.7% per year) and Germany (+10.5% per year).

Import Prices by Country

In 2022, the average metal gas appliances import price amounted to $X per unit, picking up by 2.5% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2017 an increase of 20% against the previous year. Global import price peaked at $X per unit in 2015; however, from 2016 to 2022, 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 Canada ($X per unit), while Belarus ($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 UK (+5.9%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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