World - Iron Or Steel Solid Fuel Domestic Appliances - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the increasing demand for iron or steel solid fuel domestic appliances worldwide, with the market projected to grow in both consumption and value from 2022 to 2030. It covers trends in market performance, production, imports, and exports, as well as the countries with the highest volumes of consumption and production. The Netherlands emerges as a key player with significant growth rates in consumption, production, imports, and exports. The average prices and growth rates in the industry are also highlighted, providing a comprehensive overview of the global market.
Market Forecast
Driven by increasing demand for iron or steel solid fuel domestic appliances worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 67M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market value to $9.7B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Iron Or Steel Solid Fuel Domestic Appliances
After two years of growth, consumption of iron or steel solid fuel domestic appliances decreased by -10% to 54M units in 2022. The total consumption volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption attained the peak volume at 60M units in 2021, and then fell in the following year.
The global metal solid fuel appliances market value declined slightly to $6.8B in 2022, shrinking by -2.7% 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). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at $7.5B in 2016; however, from 2017 to 2022, consumption remained at a lower figure.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (12M units), the United States (9M units) and India (5M units), with a combined 48% share of global consumption. The Netherlands, the UK, Russia, Indonesia, France, Mexico, Germany, South Korea and Italy lagged somewhat behind, together accounting for a further 27%.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Germany (with a CAGR of +13.6%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Indonesia ($874M), India ($491M) and South Korea ($462M) appeared to be the countries with the highest levels of market value in 2022, together comprising 27% of the global market. France, Russia, China, the United States, Germany, Italy, Mexico, the UK and the Netherlands lagged somewhat behind, together comprising a further 33%.
The Netherlands, with a CAGR of +11.8%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of metal solid fuel appliances per capita consumption was registered in the Netherlands (154 units per 1000 persons), followed by the UK (37 units per 1000 persons), the United States (27 units per 1000 persons) and France (19 units per 1000 persons), while the world average per capita consumption of metal solid fuel appliances was estimated at 6.9 units per 1000 persons.
In the Netherlands, metal solid fuel appliances per capita consumption increased at an average annual rate of +12.4% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the UK (+6.3% per year) and the United States (+6.1% per year).
Production
World Production of Iron Or Steel Solid Fuel Domestic Appliances
In 2022, global metal solid fuel appliances production expanded slightly to 52M units, increasing by 1.5% compared with 2021. The total output volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 8%. Global production peaked at 54M units in 2016; however, from 2017 to 2022, production failed to regain momentum.
In value terms, metal solid fuel appliances production reached $10.5B in 2022 estimated in export price. The total output value increased at an average annual rate of +4.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 34% against the previous year. Global production peaked at $11.7B in 2018; however, from 2019 to 2022, production failed to regain momentum.
Production By Country
China (25M units) constituted the country with the largest volume of metal solid fuel appliances production, comprising approx. 48% of total volume. Moreover, metal solid fuel appliances production in China exceeded the figures recorded by the second-largest producer, India (5M units), fivefold. Italy (2.2M units) ranked third in terms of total production with a 4.3% share.
In China, metal solid fuel appliances production expanded at an average annual rate of +2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+2.4% per year) and Italy (+4.1% per year).
Imports
World Imports of Iron Or Steel Solid Fuel Domestic Appliances
After four years of growth, overseas purchases of iron or steel solid fuel domestic appliances decreased by -21.3% to 32M units in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 70%. Over the period under review, global imports attained the maximum at 40M units in 2021, and then shrank sharply in the following year.
In value terms, metal solid fuel appliances imports rose remarkably to $2.3B in 2022. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the near future.
Imports By Country
The Netherlands (10M units) and the United States (9.1M units) represented roughly 60% of total imports in 2022. The UK (2.5M units) ranks next in terms of the total imports with a 7.7% share, followed by Germany (4.9%) and France (4.5%). The following importers - Canada (558K units), Belgium (551K units) and Australia (503K units) - each recorded a 5.1% share of total imports.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +20.8%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest metal solid fuel appliances importing markets worldwide were France ($402M), the United States ($357M) and Germany ($344M), with a combined 48% share of global imports. The UK, the Netherlands, Belgium, Canada and Australia lagged somewhat behind, together comprising a further 17%.
In terms of the main importing countries, the Netherlands, with a CAGR of +14.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average metal solid fuel appliances import price stood at $72 per unit in 2022, rising by 40% against the previous year. In general, the import price, however, recorded a perceptible descent. Over the period under review, average import prices attained the peak figure at $123 per unit in 2013; however, from 2014 to 2022, import prices stood 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 France ($280 per unit), while the Netherlands ($9.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Iron Or Steel Solid Fuel Domestic Appliances
In 2022, shipments abroad of iron or steel solid fuel domestic appliances decreased by -5.8% to 30M units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 70% against the previous year. The global exports peaked at 31M units in 2021, and then contracted in the following year.
In value terms, metal solid fuel appliances exports rose markedly to $2.8B in 2022. In general, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +94.9% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of 48%. The global exports peaked in 2022 and are likely to see steady growth in the near future.
Exports By Country
China was the key exporting country with an export of about 13M units, which resulted at 42% of total exports. The Netherlands (7.5M units) held a 25% share (based on physical terms) of total exports, which put it in second place, followed by Italy (6.2%). The following exporters - Hungary (920K units), Poland (891K units), the Czech Republic (588K units), Denmark (581K units) and Germany (458K units) - together made up 12% of total exports.
From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +26.0%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, Italy ($583M), China ($548M) and Hungary ($131M) constituted the countries with the highest levels of exports in 2022, with a combined 46% share of global exports. Poland, Germany, the Czech Republic, the Netherlands and Denmark lagged somewhat behind, together accounting for a further 22%.
In terms of the main exporting countries, the Netherlands, with a CAGR of +16.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average metal solid fuel appliances export price amounted to $94 per unit, picking up by 15% against the previous year. In general, the export price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by 25% against the previous year. The global export price peaked at $121 per unit in 2019; however, from 2020 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 Italy ($319 per unit), while the Netherlands ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.5%), while the other global leaders experienced mixed trends in the export price figures.
This report provides an in-depth analysis of the global market for metal solid fuel appliances. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27521270 - Iron or steel solid fuel domestic appliances, including heaters, g rates, fires and braziers (excluding cooking appliances and plate warmers)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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