Asia-Pacific: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Asia-Pacific

In 2022, the Asia-Pacific non-electric roasting furnace market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. In general, consumption showed a resilient expansion. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Non-Electric Roasting Furnace Production in Asia-Pacific

In value terms, non-electric roasting furnace production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports in Asia-Pacific

Non-electric roasting furnace exports soared to X units in 2022, increasing by X% compared with the previous year. In general, exports saw a resilient increase. As a result, the exports attained 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 a measured expansion 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 appeared the most rapid in 2015 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, China (X units) represented the major exporter of non-electric furnaces and ovens for the roasting or melting, creating X% of total exports. It was distantly followed by India (X units), generating a X% share of total exports. The following exporters - Japan (X units) and Singapore (X units) - together made up X% 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, 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 ($X) remains the largest non-electric roasting furnace supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by India, with a X% share.

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

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, shrinking by X% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while India ($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-Pacific

In 2022, imports of non-electric furnaces and ovens for the roasting or melting in Asia-Pacific skyrocketed to X units, rising by X% on the previous year. Overall, imports showed significant growth. 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 expanded 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Sri Lanka represented the main importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Malaysia (X units), making up a X% share of total imports. The following importers - Vietnam (X units), Indonesia (X units), the Philippines (X units), India (X units) and Nepal (X units) - each resulted at an X% 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 X% from 2012 to 2022. At the same time, Nepal (X%), the Philippines (X%), Malaysia (X%), Vietnam (X%), India (X%) and Indonesia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Sri Lanka increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-electric roasting furnace importing markets in Asia-Pacific were Indonesia ($X), Vietnam ($X) and India ($X), with a combined X% share of total imports. Malaysia, Nepal, the Philippines and Sri Lanka lagged somewhat behind, together comprising a further X%.

Nepal, with a CAGR of X%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price showed a deep reduction. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 mixed trends in the import price figures.

Source: IndexBox Platform

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