Eastern Asia: Electrical Induction Industrial Oven Market 2020

Electrical Induction Industrial Oven Market Size in Eastern Asia

The revenue of the electrical induction industrial oven market in Eastern Asia amounted to $X in 2017, shrinking by -X% against the previous year. The electrical induction industrial oven consumption continues to indicate a slight decline. The growth pace was the most rapid in 2014, when it surged by X% against the previous year. The level of electrical induction industrial oven consumption peaked of $X in 2010; however, from 2011 to 2017, it stood at a somewhat lower level.

Electrical Induction Industrial Oven Production in Eastern Asia

In 2017, approx. X units of electrical induction industrial or laboratory furnaces and ovens were produced in Eastern Asia; surging by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2016, when the output figure increased by X% y-o-y. The volume of electrical induction industrial oven production peaked in 2017, and is likely to continue its growth in the near future.

Electrical Induction Industrial Oven Exports in Eastern Asia

The exports totaled X units in 2017, rising by X% against the previous year. The electrical induction industrial oven exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2012, when exports increased by X% year-to-year. Over the period under review, the electrical induction industrial oven exports attained its maximum volume of X units in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

In value terms, electrical induction industrial oven exports amounted to $X in 2017. The total exports indicated a prominent increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electrical induction industrial oven exports increased by +X% against 2015 indices. The level of exports peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Electrical Induction Industrial Oven Exports by Country in Eastern Asia

In 2017, China (X units) was the key exporter for electrical induction industrial or laboratory furnaces and ovens, generating X% of total exports. South Korea (X units) took a X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%). Taiwan, Chinese (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +X% from 2007 to 2017. At the same time, South Korea (+X%), Taiwan, Chinese (+X%) and Japan (+X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest growing exporter in Eastern Asia, with a CAGR of +X% from 2007-2017. While the share of South Korea (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electrical induction industrial oven markets worldwide were China ($X), Japan ($X) and South Korea ($X), together accounting for X% of total exports. Taiwan, Chinese lagged somewhat behind, comprising a further X%.

Taiwan, Chinese (+X% per year) experienced the highest growth rate of exports, in terms of the main exporting countries over the last decade, while the other leaders experienced more modest paces of growth.

Electrical Induction Industrial Oven Export Prices by Country in Eastern Asia

The electrical induction industrial oven export price in Eastern Asia stood at $X thousand per unit in 2017, coming down by -X% against the previous year. The electrical induction industrial oven export price continues to indicate a pronounced deduction. The growth pace was the most rapid in 2014, when the export prices increased by X% against the previous year. The level of export price peaked of $X thousand per unit in 2010; however, from 2011 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Taiwan, Chinese ($X thousand per unit), while China ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Electrical Induction Industrial Oven Imports in Eastern Asia

In 2017, approx. X units of electrical induction industrial or laboratory furnaces and ovens were imported in Eastern Asia; coming down by -X% against the previous year. The electrical induction industrial oven imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2010, with an increase of X% year-to-year. The volume of imports peaked of X units in 2011; however, from 2012 to 2017, it failed to regain its momentum.

In value terms, electrical induction industrial oven imports totaled $X in 2017. The electrical induction industrial oven imports continue to indicate a relatively flat trend pattern. In that year, the electrical induction industrial oven imports reached their peak level of $X. From 2011 to 2017, growth of the electrical induction industrial oven imports stood at a somewhat lower level.

Electrical Induction Industrial Oven Imports by Country in Eastern Asia

China represented the main importer of electrical induction industrial or laboratory furnaces and ovens in Eastern Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2017. China, Hong Kong SAR (X units) ranks second in terms of the global imports with a X% share, followed by Japan (X%), South Korea (X%) and Taiwan, Chinese (X%).

China was also the fastest growing in terms of the electrical induction industrial or laboratory furnaces and ovens imports, with a CAGR of +X% from 2007 to 2017. At the same time, South Korea (+X%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, China, Hong Kong SAR (-X%) and Taiwan, Chinese (-X%) illustrated a downward trend over the same period. While the share of Taiwan, Chinese (X%) and China, Hong Kong SAR (X%) increased significantly in terms of the global imports from 2007-2017, the share of South Korea (-X%) and China (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electrical induction industrial or laboratory furnaces and ovens in Eastern Asia, making up X% of global imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of global imports. It was followed by Taiwan, Chinese, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Taiwan, Chinese (-X% per year).

Electrical Induction Industrial Oven Import Prices by Country in Eastern Asia

The electrical induction industrial oven import price in Eastern Asia stood at $X thousand per unit in 2017, surging by X% against the previous year. The import price indicated a measured expansion from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electrical induction industrial oven import price increased by +X% against 2015 indices. The growth pace was the most rapid in 2008, when the import prices increased by X% y-o-y. Over the period under review, the import prices for electrical induction industrial or laboratory furnaces and ovens attained its maximum level of $X thousand per unit in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X thousand per unit), while China, Hong Kong SAR ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China, Hong Kong SAR (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform