Israel: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Israel

The Israeli non-electric industrial furnace market rose rapidly to $X in 2022, growing by X% against the previous year. In general, consumption enjoyed a resilient expansion. Non-electric industrial furnace consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in Israel

In value terms, non-electric industrial furnace production expanded rapidly to $X in 2022 estimated in export price. Overall, production recorded resilient growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Non-electric industrial furnace production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Non-Electric Industrial Furnace Exports

Exports from Israel

In 2022, shipments abroad of non-electric industrial or laboratory furnaces and ovens was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-electric industrial furnace exports fell modestly to $X in 2022. Over the period under review, exports saw a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Thailand (X units) and the United States (X units) were the main destinations of non-electric industrial furnace exports from Israel, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Thailand ($X) and the United States ($X) constituted the largest markets for non-electric industrial furnace exported from Israel worldwide, together accounting for X% of total exports.

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

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price saw a pronounced slump. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then dropped dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Israel

Non-electric industrial furnace imports into Israel shrank remarkably to X units in 2022, which is down by X% against 2021. Over the period under review, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports dropped sharply to $X in 2022. In general, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), South Korea (X units) and Spain (X units) were the main suppliers of non-electric industrial furnace imports to Israel, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric industrial furnace suppliers to Israel were the UK ($X), South Korea ($X) and Spain ($X), with a combined X% share of total imports.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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