Asia-Pacific: Iron Household Articles Market 2024

Iron Household Articles Market Size in Asia-Pacific

For the twelfth consecutive year, the Asia-Pacific iron household articles market recorded growth in sales value, which increased by X% to $X in 2023. The total consumption indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2012 indices. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Iron Household Articles Production in Asia-Pacific

In value terms, iron household articles production rose to $X in 2023 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Iron Household Articles Exports

Exports in Asia-Pacific

In 2023, iron household articles exports in Asia-Pacific totaled X tons, increasing by X% against the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, iron household articles exports dropped to $X in 2023. In general, exports showed a slight increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

China dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a X% share of total exports. Malaysia (X tons) and India (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of table, kitchen or household articles and parts of iron. At the same time, Malaysia (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, India (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and Malaysia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest iron household articles supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Iron Household Articles Imports

Imports in Asia-Pacific

In 2023, supplies from abroad of table, kitchen or household articles and parts of iron decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, iron household articles imports reduced to $X in 2023. Total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Japan (X tons), distantly followed by South Korea (X tons), Australia (X tons), Thailand (X tons), Malaysia (X tons), Indonesia (X tons) and India (X tons) were the key importers of table, kitchen or household articles and parts of iron, together achieving X% of total imports. The following importers - Singapore (X tons), Taiwan (Chinese) (X tons), the Philippines (X tons), New Zealand (X tons) and Myanmar (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to iron household articles imports into Japan stood at X%. At the same time, Myanmar (X%), Malaysia (X%), South Korea (X%), Taiwan (Chinese) (X%), Thailand (X%), Singapore (X%), Indonesia (X%), India (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. New Zealand experienced a relatively flat trend pattern. By contrast, Australia (X%) illustrated a downward trend over the same period. South Korea (X p.p.), Malaysia (X p.p.), Thailand (X p.p.), Taiwan (Chinese) (X p.p.) and Myanmar (X p.p.) significantly strengthened its position in terms of the total imports, while Japan and Australia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest iron household articles importing markets in Asia-Pacific were Japan ($X), Australia ($X) and South Korea ($X), with a combined X% share of total imports. India, the Philippines, Singapore, Thailand, Taiwan (Chinese), Malaysia, New Zealand, Indonesia and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in Asia-Pacific amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform