Ireland: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Ireland

The Irish non-electric industrial furnace market was estimated at $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a perceptible descent. Non-electric industrial furnace consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in Ireland

In value terms, non-electric industrial furnace production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Non-Electric Industrial Furnace Exports

Exports from Ireland

In 2022, non-electric industrial furnace exports from Ireland fell notably to X units, reducing by X% against 2021 figures. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports dropped rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at $X in 2021, and then fell rapidly in the following year.

Exports by Country

The UK (X units) was the main destination for non-electric industrial furnace exports from Ireland, with a X% share of total exports. Moreover, non-electric industrial furnace exports to the UK exceeded the volume sent to the second major destination, the United States (X units), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at X%.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked 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 the UK ($X per unit), while the average price for exports to the United States amounted to $X per unit.

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

Non-Electric Industrial Furnace Imports

Imports into Ireland

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens imported into Ireland surged to X units, growing by X% against the previous year. In general, imports posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, non-electric industrial furnace imports surged to $X in 2022. Overall, imports recorded a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), Italy (X units) and the Netherlands (X units) were the main suppliers of non-electric industrial furnace imports to Ireland, with a combined X% share of total imports.

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

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

From 2012 to 2022, the average annual growth rate of value from the UK stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Italy (X% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2015 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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