GCC: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in GCC

The GCC non-electric roasting furnace market dropped to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, showed a strong expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Roasting Furnace Production in GCC

In value terms, non-electric roasting furnace production declined to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a modest expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports in GCC

For the third year in a row, GCC recorded growth in shipments abroad of non-electric furnaces and ovens for the roasting or melting, which increased by X% to X units in 2022. Over the period under review, exports, however, recorded a slight shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports fell remarkably to $X in 2022. In general, exports, however, faced a significant contraction. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain prevails in exports structure, recording X units, which was near X% of total exports in 2022. The United Arab Emirates (X units) followed a long way behind the leaders.

Bahrain 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. The United Arab Emirates (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest non-electric roasting furnace supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, falling by X% against the previous year. Overall, the export price continues to indicate a dramatic decrease. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain stood at $X per unit.

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

Non-Electric Roasting Furnace Imports

Imports in GCC

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting imported in GCC soared to X units, rising by X% compared with the year before. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric roasting furnace imports shrank dramatically to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Bahrain prevails in imports structure, recording X units, which was approx. X% of total imports in 2022. The following importers - Kuwait (X units), Qatar (X units) and the United Arab Emirates (X units) - each recorded a X% share of total imports.

Bahrain was also the fastest-growing in terms of the non-electric furnaces and ovens for the roasting or melting imports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Qatar (X%) and Kuwait (X%) illustrated a downward trend over the same period. While the share of Bahrain (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Qatar (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, non-electric roasting furnace imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 the United Arab Emirates ($X per unit), while Bahrain ($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 United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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