Australia: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Australia

The Australian non-electric industrial furnace market surged to $X in 2022, growing by X% against the previous year. In general, consumption recorded a remarkable increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Non-Electric Industrial Furnace Production in Australia

In value terms, non-electric industrial furnace production soared to $X in 2022 estimated in export price. In general, production saw prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports from Australia

Non-electric industrial furnace exports from Australia contracted sharply to X units in 2022, reducing by X% against the previous year. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units), New Zealand (X units) and Cote d'Ivoire (X units) were the main destinations of non-electric industrial furnace exports from Australia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with a X% share of total exports. It was followed by New Zealand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and New Zealand (X% per year).

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price, however, continues to indicate a deep contraction. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Cote d'Ivoire ($X 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 Singapore (X%), while the prices for the other major destinations experienced a decline.

Non-Electric Industrial Furnace Imports

Imports into Australia

In 2022, imports of non-electric industrial or laboratory furnaces and ovens into Australia shrank to X units, waning by X% compared with the previous year's figure. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric industrial furnace imports surged to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), China (X units) and Italy (X units) were the main suppliers of non-electric industrial furnace imports to Australia, together accounting for X% of total imports. The United States, Thailand, Malaysia and Spain lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Australia, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the UK totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a drastic downturn. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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