Eastern Europe: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Eastern Europe

The East European non-electric industrial furnace market rose markedly to $X.8B in 2022, with an increase of X% against the previous year. Overall, consumption, however, enjoyed a prominent expansion. The level of consumption peaked at $X.3B in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in Eastern Europe

In value terms, non-electric industrial furnace production totaled $X.5B in 2022 estimated in export price. Over the period under review, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X.9B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Electric Industrial Furnace Exports

Exports in Eastern Europe

In 2022, shipments abroad of non-electric industrial or laboratory furnaces and ovens increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a perceptible descent. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports surged to $X in 2022. Total exports indicated a slight increase 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of non-electric industrial or laboratory furnaces and ovens, namely Poland, the Czech Republic and Lithuania, represented more than two-thirds of total export. Slovakia (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Hungary (X%) and Ukraine (X%). Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest non-electric industrial furnace supplying countries in Eastern Europe were the Czech Republic ($X), Lithuania ($X) and Poland ($X), together accounting for X% of total exports. Slovakia, Hungary, Ukraine and Romania lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the export price, however, saw a temperate increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then reduced slightly in the following year.

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 the Czech Republic ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Non-Electric Industrial Furnace Imports

Imports in Eastern Europe

After two years of decline, overseas purchases of non-electric industrial or laboratory furnaces and ovens increased by X% to X units in 2022. Overall, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports reduced to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the key importing country with an import of about X units, which recorded X% of total imports. It was distantly followed by Poland (X units), Ukraine (X units) and Moldova (X units), together generating a X% share of total imports. Bulgaria (X units), Romania (X units) and Hungary (X units) took a minor share of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Moldova (X%), Hungary (X%) and Poland (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Ukraine (X%), Romania (X%) and Bulgaria (X%) illustrated a downward trend over the same period. Poland (X p.p.), Moldova (X p.p.), Hungary (X p.p.) and Ukraine (X p.p.) significantly strengthened its position in terms of the total imports, while Bulgaria and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-electric industrial furnace importing markets in Eastern Europe were Russia ($X), Poland ($X) and Ukraine ($X), with a combined X% share of total imports. Hungary, Bulgaria, Romania 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, among 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 Eastern Europe stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, saw a tangible increase. The pace of growth was the most pronounced in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 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 Hungary ($X per unit), while Moldova ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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