Asia: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Asia

The Asian non-electric roasting furnace market reduced to $X in 2022, falling by X% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Non-Electric Roasting Furnace Production in Asia

In value terms, non-electric roasting furnace production shrank to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Non-Electric Roasting Furnace Exports

Exports in Asia

In 2022, approx. X units of non-electric furnaces and ovens for the roasting or melting were exported in Asia; increasing by X% on the year before. Overall, exports enjoyed a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric roasting furnace exports skyrocketed to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

China represented the key exporter of non-electric furnaces and ovens for the roasting or melting in Asia, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by India (X units) and Bahrain (X units), together mixing up a X% share of total exports. The following exporters - Japan (X units) and Singapore (X units) - each resulted at a X% share of total exports.

China was also the fastest-growing in terms of the non-electric furnaces and ovens for the roasting or melting exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%) displayed positive paces of growth. Singapore experienced a relatively flat trend pattern. By contrast, Bahrain (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and India increased by X and X percentage points, respectively.

In value terms, China ($X) remains the largest non-electric roasting furnace supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Japan (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the export price figures.

Non-Electric Roasting Furnace Imports

Imports in Asia

In 2022, imports of non-electric furnaces and ovens for the roasting or melting in Asia surged to X units, growing by X% compared with the year before. In general, imports continue to indicate a significant increase. 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 rose notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Sri Lanka dominates imports structure, recording X units, which was approx. X% of total imports in 2022. It was distantly followed by Malaysia (X units), making up a X% share of total imports. Bahrain (X units), Vietnam (X units), Indonesia (X units) and the Philippines (X units) followed a long way behind the leaders.

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 X% from 2012 to 2022. At the same time, Bahrain (X%), the Philippines (X%), Malaysia (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Sri Lanka (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, Indonesia and Malaysia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Indonesia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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