Africa: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Africa

The African non-electric industrial furnace market expanded significantly to $X in 2022, surging by X% against the previous year. Overall, consumption saw a prominent increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in Africa

In value terms, non-electric industrial furnace production rose significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Non-Electric Industrial Furnace Exports

Exports in Africa

In 2022, after two years of decline, there was significant growth in overseas shipments of non-electric industrial or laboratory furnaces and ovens, when their volume increased by X% to X units. Over the period under review, exports enjoyed significant growth. 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 soared to $X in 2022. Overall, exports saw a moderate increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of non-electric industrial or laboratory furnaces and ovens, namely South Africa, represented more than two-thirds of total export.

South Africa was also the fastest-growing in terms of the non-electric industrial or laboratory furnaces and ovens exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest non-electric industrial furnace supplier in Africa.

In South Africa, non-electric industrial furnace exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price showed a precipitous shrinkage. The pace of growth was the most pronounced in 2020 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Non-Electric Industrial Furnace Imports

Imports in Africa

In 2022, overseas purchases of non-electric industrial or laboratory furnaces and ovens were finally on the rise to reach X units after two years of decline. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Africa (X units) was the largest importer of non-electric industrial or laboratory furnaces and ovens, creating X% of total imports. It was distantly followed by Senegal (X units), committing a X% share of total imports. Mozambique (X units), Ghana (X units), Nigeria (X units), Kenya (X units), Democratic Republic of the Congo (X units) and Egypt (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-electric industrial furnace imports into South Africa stood at X%. At the same time, Senegal (X%), Ghana (X%), Nigeria (X%), Mozambique (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. By contrast, Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.), Ghana (X p.p.), Mozambique (X p.p.), Nigeria (X p.p.) and Democratic Republic of the Congo (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-electric industrial furnace importing markets in Africa were South Africa ($X), Egypt ($X) and Nigeria ($X), together comprising X% of total imports. Ghana, Kenya, Senegal, Democratic Republic of the Congo and Mozambique lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Ghana, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, dropping by X% against the previous year. Overall, the import price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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