Eastern Asia: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Eastern Asia

In 2022, the East Asian non-electric roasting furnace market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption, however, posted noticeable growth. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Non-Electric Roasting Furnace Production in Eastern Asia

In value terms, non-electric roasting furnace production rose rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Non-Electric Roasting Furnace Exports

Exports in Eastern Asia

For the sixth consecutive year, Eastern Asia recorded growth in overseas shipments of non-electric furnaces and ovens for the roasting or melting, which increased by X% to X units in 2022. Overall, exports saw a resilient expansion. 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 notable 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 most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. Japan (X units) held a relatively small 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. Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (X p.p.) displayed negative dynamics.

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

In China, non-electric roasting furnace exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 Japan ($X per unit), while China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%).

Non-Electric Roasting Furnace Imports

Imports in Eastern Asia

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting imported in Eastern Asia contracted rapidly to X units, falling by X% on 2021 figures. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric roasting furnace imports contracted rapidly to $X in 2022. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X units) and Japan (X units) represented the largest importers of non-electric furnaces and ovens for the roasting or melting in Eastern Asia, together reaching approx. X% of total imports. Taiwan (Chinese) (X units) ranks next in terms of the total imports with a X% share, followed by China (X%).

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In China, non-electric roasting furnace imports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price enjoyed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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