Global Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size

The global non-electric industrial furnace market expanded markedly to $X.5B in 2022, surging by X% against the previous year. In general, consumption, however, showed a buoyant expansion. Global consumption peaked at $X.7B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production

In value terms, non-electric industrial furnace production stood at $X.9B in 2022 estimated in export price. Overall, production, however, posted prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Global production peaked at $X.6B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports

In 2022, overseas shipments of non-electric industrial or laboratory furnaces and ovens increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electric industrial furnace exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporter of non-electric industrial or laboratory furnaces and ovens in the world, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. South Africa (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%). The United States (X units), Italy (X units) and Australia (X units) held a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Africa (X%), India (X%), Australia (X%) and the United States (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Italy (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa and India 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 ($X) remains the largest non-electric industrial furnace supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Italy ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and the United States (X% per year).

Export Prices by Country

The average non-electric industrial furnace export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the export price recorded a abrupt descent. The growth pace was the most rapid in 2020 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average 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 ($X per unit), while South Africa ($X per unit) was amongst the lowest.

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

Non-Electric Industrial Furnace Imports

Imports

In 2022, global imports of non-electric industrial or laboratory furnaces and ovens skyrocketed to X units, with an increase of X% against the previous year. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of global imports failed to regain momentum.

In value terms, non-electric industrial furnace imports rose remarkably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, global imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X units), distantly followed by South Africa (X units), India (X units), Thailand (X units) and Mexico (X units) were the largest importers of non-electric industrial or laboratory furnaces and ovens, together generating X% of total imports. The United States (X units), Singapore (X units), Canada (X units), the Philippines (X units), Pakistan (X units), Brazil (X units), Switzerland (X units) and Senegal (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-electric industrial furnace imports into Indonesia stood at X%. At the same time, Senegal (X%), Brazil (X%), Thailand (X%), the Philippines (X%), Pakistan (X%), the United States (X%), India (X%), Singapore (X%) and Switzerland (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Mexico experienced a relatively flat trend pattern. By contrast, South Africa (X%) and Canada (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Thailand, India, the United States, Singapore, the Philippines, Senegal, Brazil and Pakistan increased by X, X, X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported non-electric industrial or laboratory furnaces and ovens worldwide, comprising X% of global imports. The second position in the ranking was taken by Brazil ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia totaled X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Mexico (X% per year).

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric industrial furnace import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Global import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brazil ($X per unit), while Senegal ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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