ASEAN: 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 ASEAN

The ASEAN market for iron or steel gas domestic cooking appliances and plate warmers amounted to $X in 2022, approximately reflecting the previous year. In general, consumption, however, showed a mild slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, production of iron or steel gas domestic cooking appliances and plate warmers totaled $X in 2022 estimated in export price. In general, production continues to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 25%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in ASEAN

In 2022, overseas shipments of iron or steel gas domestic cooking appliances and plate warmers increased by 0.3% to X units, rising for the third consecutive year after three years of decline. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 25% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers expanded remarkably to $X in 2022. Total exports indicated a resilient expansion 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 +74.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Thailand (X units) and Vietnam (X units) were the main exporters of iron or steel gas domestic cooking appliances and plate warmers in 2022, resulting at near 43% and 30% of total exports, respectively. It was distantly followed by Malaysia (X units) and Indonesia (X units), together generating a 23% share of total exports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +13.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2022, with a combined 95% share of total exports.

Thailand, with a CAGR of +28.7%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, growing by 7.6% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +89.0% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 23%. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.2%), while the other leaders experienced more modest paces of growth.

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

Imports in ASEAN

In 2022, purchases abroad of iron or steel gas domestic cooking appliances and plate warmers increased by 4.1% to X units, rising for the second year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2022: its volume 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, imports increased by +8.2% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 24%. The volume of import peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers contracted modestly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +81.6% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 41% against the previous year. Over the period under review, imports of hit record highs at $X in 2021, and then contracted modestly in the following year.

Imports by Country

Thailand (X units) and the Philippines (X units) dominates warmers structure, together mixing up 79% of total imports. Myanmar (X units) ranks next in terms of the total imports with a 6.7% share, followed by Malaysia (5.9%) and Singapore (4.9%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Myanmar (with a CAGR of +52.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and the Philippines ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 75% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of +18.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, waning by -8.1% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 22% against the previous year. The level of import peaked at $X per unit in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per unit), while Myanmar ($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 leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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