World - Non-Electric Furnaces And Ovens For The Roasting Or Melting - Market Analysis, Forecast, Size, Trends And Insights
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The non-electric roasting furnace market is projected to decline in both consumption and value terms over the next eight years. Sri Lanka plays a leading role in both consumption and importation of these furnaces. Global trends show fluctuating patterns in production, consumption, imports, and exports, with significant growth rates in certain countries like Sri Lanka, China, and India. Price variations are noticeable among different exporting and importing countries, with Germany and China featuring prominently with high export values and prices.
Market Forecast
The non-electric roasting furnace market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -1.4% for the eight-year period from 2022 to 2030, which is projected to depress the market volume to 261K units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +2.4% for the period from 2022 to 2030, which is projected to bring the market value to $6.2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Non-Electric Furnaces And Ovens For The Roasting Or Melting
In 2022, the amount of non-electric furnaces and ovens for the roasting or melting consumed worldwide skyrocketed to 292K units, picking up by 52% on the previous year. In general, consumption showed a prominent expansion. Over the period under review, global consumption reached the peak volume in 2022 and is expected to retain growth in the near future.
The global non-electric roasting furnace market value shrank to $5.1B in 2022, reducing by -8.6% 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, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +68.8% against 2017 indices. Global consumption peaked at $5.6B in 2021, and then declined in the following year.
Consumption By Country
Sri Lanka (126K units) constituted the country with the largest volume of non-electric roasting furnace consumption, accounting for 43% of total volume. Moreover, non-electric roasting furnace consumption in Sri Lanka exceeded the figures recorded by the second-largest consumer, China (34K units), fourfold. Malaysia (16K units) ranked third in terms of total consumption with a 5.4% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in Sri Lanka stood at +102.5%. In the other countries, the average annual rates were as follows: China (+7.0% per year) and Malaysia (+15.4% per year).
In value terms, China ($1.6B), Sri Lanka ($837M) and the United States ($129M) constituted the countries with the highest levels of market value in 2022, with a combined 50% share of the global market.
In terms of the main consuming countries, Sri Lanka, with a CAGR of +102.5%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of non-electric roasting furnace per capita consumption in 2022 were Sri Lanka (5.7 units per 1000 persons), Bahrain (3.5 units per 1000 persons) and Singapore (1.2 units per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Sri Lanka (with a CAGR of +101.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Non-Electric Furnaces And Ovens For The Roasting Or Melting
In 2022, production of non-electric furnaces and ovens for the roasting or melting decreased by -6.3% to 157K units for the first time since 2019, thus ending a two-year rising trend. In general, production, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 60%. As a result, production attained the peak volume of 168K units, and then declined in the following year.
In value terms, non-electric roasting furnace production shrank to $3.7B in 2022 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Over the period under review, global production reached the maximum level at $3.9B in 2021, and then dropped in the following year.
Production By Country
China (67K units) constituted the country with the largest volume of non-electric roasting furnace production, accounting for 43% of total volume. Moreover, non-electric roasting furnace production in China exceeded the figures recorded by the second-largest producer, India (25K units), threefold. Singapore (7.6K units) ranked third in terms of total production with a 4.9% share.
From 2012 to 2022, the average annual growth rate of volume in China totaled +14.4%. In the other countries, the average annual rates were as follows: India (+25.0% per year) and Singapore (+2.1% per year).
Imports
World Imports of Non-Electric Furnaces And Ovens For The Roasting Or Melting
In 2022, approx. 208K units of non-electric furnaces and ovens for the roasting or melting were imported worldwide; with an increase of 195% against 2021. Over the period under review, imports posted a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-electric roasting furnace imports amounted to $1B in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 46%. Over the period under review, global imports hit record highs at $1.4B in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.
Imports By Country
Sri Lanka dominates imports structure, recording 126K units, which was near 61% of total imports in 2022. The United States (16K units) took the second position in the ranking, followed by Malaysia (16K units) and Bolivia (9.4K units). All these countries together took near 20% share of total imports. Canada (7K units) and Bahrain (4.5K units) held a little share of total imports.
Sri Lanka was also the fastest-growing in terms of the non-electric furnaces and ovens for the roasting or melting imports, with a CAGR of +103.8% from 2012 to 2022. At the same time, Bolivia (+102.7%), Canada (+41.3%), Bahrain (+31.4%), Malaysia (+15.3%) and the United States (+9.3%) displayed positive paces of growth. Sri Lanka (+60 p.p.), Bolivia (+4.5 p.p.), Canada (+3 p.p.) and Bahrain (+1.7 p.p.) significantly strengthened its position in terms of the global imports, while the United States saw its share reduced by -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($68M), Bolivia ($49M) and Malaysia ($21M) were the countries with the highest levels of imports in 2022, together accounting for 13% of global imports.
Bolivia, with a CAGR of +103.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average non-electric roasting furnace import price amounted to $4,997 per unit, reducing by -61.7% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 206%. Over the period under review, average import prices attained the peak figure at $35,841 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bolivia ($5,277 per unit), while Sri Lanka ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+0.3%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Non-Electric Furnaces And Ovens For The Roasting Or Melting
For the third consecutive year, the global market recorded growth in overseas shipments of non-electric furnaces and ovens for the roasting or melting, which increased by 60% to 74K units in 2022. Over the period under review, exports saw a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 91%. The global exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, non-electric roasting furnace exports surged to $878M in 2022. In general, exports, however, recorded a relatively flat trend pattern. The global exports peaked at $941M in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
Exports By Country
In 2022, China (33K units) represented the main exporter of non-electric furnaces and ovens for the roasting or melting, mixing up 45% of total exports. It was distantly followed by India (14K units), Rwanda (5.8K units) and Bahrain (5.3K units), together generating a 34% share of total exports. The United States (2.9K units), Germany (2.2K units), Italy (1.8K units) and Japan (1.3K units) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to non-electric roasting furnace exports from China stood at +58.3%. At the same time, Rwanda (+68.6%), India (+24.8%) and the United States (+1.4%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in the world, with a CAGR of +68.6% from 2012-2022. By contrast, Bahrain (-1.9%), Italy (-6.7%), Japan (-11.6%) and Germany (-11.7%) illustrated a downward trend over the same period. While the share of China (+44 p.p.), India (+15 p.p.) and Rwanda (+7.8 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the United States (-2.7 p.p.), Italy (-7.2 p.p.), Bahrain (-9.7 p.p.), Japan (-9.9 p.p.) and Germany (-16.9 p.p.) displayed negative dynamics.
In value terms, China ($294M), Germany ($159M) and Italy ($87M) appeared to be the countries with the highest levels of exports in 2022, with a combined 62% share of global exports. The United States, Japan, India, Bahrain and Rwanda lagged somewhat behind, together comprising a further 14%.
In terms of the main exporting countries, Rwanda, with a CAGR of +74.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average non-electric roasting furnace export price stood at $11,870 per unit in 2022, shrinking by -15.5% against the previous year. In general, the export price saw a deep downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices attained the peak figure at $26,665 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Germany ($73,583 per unit), while Rwanda ($1.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global non-electric roasting furnace market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28211230 - Non-electric furnaces and ovens for the roasting, melting or other heat-treatment of ores, pyrites or of metals
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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