MERCOSUR: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in MERCOSUR

The MERCOSUR non-electric industrial furnace market rose remarkably to $X in 2022, growing by X% against the previous year. Overall, consumption recorded strong growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in MERCOSUR

In value terms, non-electric industrial furnace production expanded remarkably to $X in 2022 estimated in export price. Overall, production posted prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports in MERCOSUR

In 2022, overseas shipments of non-electric industrial or laboratory furnaces and ovens increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric industrial furnace exports surged to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil dominates exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Colombia (X units), Peru (X units) and Argentina (X units), together comprising a X% share of total exports.

Brazil was also the fastest-growing in terms of the non-electric industrial or laboratory furnaces and ovens exports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%) displayed positive paces of growth. Argentina and Colombia experienced a relatively flat trend pattern. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Peru (X p.p.), Argentina (X p.p.) and Colombia (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest non-electric industrial furnace supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with a X% share of total exports. It was followed by Peru, with a X% share.

In Brazil, non-electric industrial furnace exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price showed a deep downturn. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Colombia ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced a decline in the export price figures.

Non-Electric Industrial Furnace Imports

Imports in MERCOSUR

Non-electric industrial furnace imports skyrocketed to X units in 2022, picking up by X% against the year before. Over the period under review, imports, however, continue to indicate a abrupt setback. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units) represented the main importer of non-electric industrial or laboratory furnaces and ovens, making up X% of total imports. Chile (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%), Venezuela (X%) and Peru (X%). The following importers - Paraguay (X units) and Uruguay (X units) - each resulted at a X% share of total imports.

Brazil was also the fastest-growing in terms of the non-electric industrial or laboratory furnaces and ovens imports, with a CAGR of X% from 2012 to 2022. At the same time, Uruguay (X%) displayed positive paces of growth. Colombia experienced a relatively flat trend pattern. By contrast, Paraguay (X%), Peru (X%), Venezuela (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported non-electric industrial or laboratory furnaces and ovens in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Venezuela ($X), with an X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, non-electric industrial furnace imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Venezuela (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price, however, recorded a tangible increase. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Venezuela ($X per unit), while Uruguay ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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