CIS: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in CIS

The CIS non-electric industrial furnace market expanded sharply to $X.5B in 2022, picking up by X% against the previous year. Overall, consumption continues to indicate buoyant growth. Over the period under review, the market hit record highs at $X.4B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Industrial Furnace Production in CIS

In value terms, non-electric industrial furnace production rose notably to $X.3B in 2022 estimated in export price. In general, production posted a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level at $X.5B in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports in CIS

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported in the CIS expanded to X units, surging by X% compared with 2021. In general, exports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports expanded significantly to $X in 2022. Overall, exports enjoyed modest growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X units) was the key exporter of non-electric industrial or laboratory furnaces and ovens, creating X% of total exports. Kazakhstan (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (X%) and Uzbekistan (X%). Armenia (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-electric industrial furnace exports from Russia stood at X%. At the same time, Uzbekistan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Armenia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Kazakhstan, Uzbekistan, Belarus and Armenia increased by X, X, X and X percentage points, respectively.

In value terms, Russia ($X), Belarus ($X) and Kazakhstan ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Belarus, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price saw a buoyant increase. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while Armenia ($X per unit) was amongst the lowest.

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

Non-Electric Industrial Furnace Imports

Imports in CIS

In 2022, overseas purchases of non-electric industrial or laboratory furnaces and ovens were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked 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 reduced dramatically to $X in 2022. In general, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia was the largest importing country with an import of around X units, which reached X% of total imports. Uzbekistan (X units) took the second position in the ranking, followed by Kazakhstan (X units), Azerbaijan (X units) and Moldova (X units). All these countries together took near X% share of total imports.

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

In value terms, the largest non-electric industrial furnace importing markets in the CIS were Russia ($X), Uzbekistan ($X) and Kazakhstan ($X), with a combined X% share of total imports. Azerbaijan and Moldova lagged somewhat behind, together comprising a further X%.

Moldova, 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

In 2022, the import price in the CIS amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the 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 Uzbekistan ($X per unit), while Moldova ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :