Estonia: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Estonia

The Estonian non-electric industrial furnace market reached $X in 2022, rising by X% against the previous year. In general, consumption posted resilient growth. Non-electric industrial furnace consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in Estonia

In value terms, non-electric industrial furnace production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. Non-electric industrial furnace production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Electric Industrial Furnace Exports

Exports from Estonia

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were exported from Estonia; rising by X% against 2021 figures. Overall, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports surged to $X in 2022. In general, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X units) and Russia (X units) were the main destinations of non-electric industrial furnace exports from Estonia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Uzbekistan (with a CAGR of X%).

In value terms, Uzbekistan ($X) emerged as the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Estonia, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan was relatively modest.

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. In general, the export price, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Russia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Non-Electric Industrial Furnace Imports

Imports into Estonia

In 2022, imports of non-electric industrial or laboratory furnaces and ovens into Estonia shrank to X units, which is down by X% on the previous year's figure. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports soared to $X in 2022. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Germany (X units) and Italy (X units) were the main suppliers of non-electric industrial furnace imports to Estonia, with a combined X% share of total imports. Poland, Belgium, Turkey and the UK lagged somewhat behind, together comprising a further X%.

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

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

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

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Poland ($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 more modest paces of growth.

Source: IndexBox Platform

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