Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK - 2024
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK (FOB) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK (CIF) - 2022
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK (FOB) - 2022
The average export price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $556 per unit in 2022, falling by -16.6% against the previous year. Over the period under review, the export price recorded a deep contraction. The most prominent rate of growth was recorded in 2019 an increase of 48%. As a result, the export price attained the peak level of $1,439 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($1,108 per unit), while the average price for exports to Germany ($287 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK (CIF) - 2022
The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $250 per unit in 2022, growing by 16% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 35% against the previous year. Over the period under review, average import prices hit record highs at $375 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($751 per unit), while the price for Thailand ($147 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK
In 2022, exports of furnaces and ovens; industrial or laboratory induction or dielectrics from the UK soared to 59K units, rising by 68% on 2021. In general, exports, however, showed a deep setback. The exports peaked at 73K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics soared to $33M in 2022. Over the period under review, exports, however, faced a dramatic setback. The exports peaked at $72M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.7 | 7.0 | 5.5 | 7.4 | -23.8% |
| United States | 1.3 | 1.1 | 4.6 | 4.9 | 55.6% |
| Canada | 23.9 | 7.3 | 2.3 | 3.4 | -47.8% |
| China | 3.8 | 0.1 | N/A | 2.4 | -14.2% |
| France | 5.0 | 0.4 | 0.3 | 1.7 | -30.2% |
| Ireland | 2.8 | 0.4 | 0.3 | 0.6 | -40.2% |
| Tunisia | 1.3 | N/A | N/A | 0.5 | -27.3% |
| Netherlands | 0.8 | 0.1 | 1.8 | 0.3 | -27.9% |
| Others | 16.1 | 15.8 | 10.0 | 11.9 | -9.6% |
| Total | 71.8 | 32.1 | 24.7 | 33.2 | -22.7% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from the UK in 2022:
- Germany (25.8K units)
- United States (14.0K units)
- Canada (8.7K units)
- China (2.5K units)
- France (1.6K units)
- Ireland (1.3K units)
- Tunisia (1.2K units)
- Netherlands (0.8K units)
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK
In 2022, the amount of furnaces and ovens; industrial or laboratory induction or dielectrics imported into the UK soared to 112K units, picking up by 97% compared with the year before. In general, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics surged to $28M in 2022. Overall, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 6.6 | 4.4 | 5.4 | 10.9 | 18.2% |
| Vietnam | N/A | N/A | N/A | 3.4 | 0% |
| Malaysia | 4.3 | 1.5 | 2.6 | 2.9 | -12.3% |
| Japan | 2.6 | 1.1 | 1.2 | 2.2 | -5.4% |
| Poland | N/A | N/A | N/A | 2.1 | 0% |
| United States | 0.4 | 1.3 | 0.6 | 1.5 | 55.4% |
| Sweden | N/A | N/A | 1.3 | 1.3 | 0.0% |
| China | 1.5 | 0.6 | 0.6 | 0.9 | -15.7% |
| Others | 1.7 | 1.1 | 0.5 | 2.6 | 15.2% |
| Total | 17.1 | 10.0 | 12.2 | 27.9 | 17.7% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to the UK in 2022:
- Thailand (74.2K units)
- Malaysia (12.4K units)
- Vietnam (6.1K units)
- Japan (5.4K units)
- China (3.6K units)
- Sweden (3.0K units)
- Poland (2.8K units)
- United States (2.0K units)
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