Southern Asia: Iron Household Articles Market 2024

Iron Household Articles Market Size in Southern Asia

In 2023, the South Asian iron household articles market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. The total consumption indicated prominent growth 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. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Iron Household Articles Production in Southern Asia

In value terms, iron household articles production fell to $X in 2023 estimated in export price. The total production 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2023.

Iron Household Articles Exports

Exports in Southern Asia

In 2023, shipments abroad of table, kitchen or household articles and parts of iron decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, iron household articles exports declined sharply to $X in 2023. In general, exports saw a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

India dominates exports structure, accounting for X tons, which was near X% of total exports in 2023. It was distantly followed by Pakistan (X tons), constituting a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to iron household articles exports from India stood at X%. At the same time, Pakistan (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2023. While the share of Pakistan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of India (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest iron household articles supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Pakistan ($X), with a X% share of total exports.

In India, iron household articles exports shrank by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. Export price indicated a modest expansion from 2012 to 2023: its price 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, iron household articles export price decreased by X% against 2020 indices. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%).

Iron Household Articles Imports

Imports in Southern Asia

In 2023, after two years of growth, there was significant decline in overseas purchases of table, kitchen or household articles and parts of iron, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, iron household articles imports rose slightly to $X in 2023. Total imports 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, India (X tons) was the key importer of table, kitchen or household articles and parts of iron, constituting X% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a X% share, followed by Sri Lanka (X%). Pakistan (X tons) followed a long way behind the leaders.

Imports into India increased at an average annual rate of X% from 2012 to 2023. At the same time, Bangladesh (X%) and Sri Lanka (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2023. By contrast, Pakistan (X%) illustrated a downward trend over the same period. Bangladesh (X p.p.), India (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total imports, while Pakistan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, India ($X) constitutes the largest market for imported table, kitchen or household articles and parts of iron in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

In India, iron household articles imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform