Global Market for Metal Solid Fuel Appliances
In value terms, metal solid fuel appliances production declined modestly to $ in estimated in export price. Overall, production recorded noticeable growth. The growth pace was the most rapid in 2018 with an increase of %. Over the period under review, global production reached the maximum level at $ in , and then fell slightly in the following year.
China ( units) remains the largest metal solid fuel appliances producing country worldwide, accounting for % of total volume. Moreover, metal solid fuel appliances production in China exceeded the figures recorded by the second-largest producer, India ( units), threefold. Russia ( units) ranked third in terms of total production with a % share.
From 2007 to , the average annual rate of growth in terms of volume in China totaled +%. The remaining producing countries recorded the following average annual rates of production growth: India (+% per year) and Russia (+% per year).
The global metal solid fuel appliances market size stood at $ in , remaining stable 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). Overall, consumption continues to indicate resilient growth. Global consumption peaked in and is likely to continue growth in the immediate term.
From 2007 to , the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Singapore (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($) led the market, alone. The second position in the ranking was held by India ($). It was followed by Bangladesh.
In China, the metal solid fuel appliances market expanded at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: India (+% per year) and Bangladesh (+% per year).
The countries with the highest levels of metal solid fuel appliances per capita consumption in were the Netherlands ( units per persons), Singapore ( units per persons) and the UK ( units per persons).
From 2007 to , the biggest increases were in Singapore (with a CAGR of +%), while consumption for the other global leaders experienced more modest paces of growth.