Northern America: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Northern America

The North American non-electric industrial furnace market rose significantly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in Northern America

In value terms, non-electric industrial furnace production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports in Northern America

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were exported in Northern America; growing by X% on the previous year. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports skyrocketed to $X in 2022. In general, exports posted slight growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, the United States (X units) was the largest exporter of non-electric industrial or laboratory furnaces and ovens, comprising X% of total exports. It was distantly followed by Canada (X units), creating a X% share of total exports.

Exports from the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest non-electric industrial furnace supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, non-electric industrial furnace exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

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

Non-Electric Industrial Furnace Imports

Imports in Northern America

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens imported in Northern America dropped significantly to X units, declining by X% against the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports soared to $X in 2022. In general, imports, however, showed a measured expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the two major importers of non-electric industrial or laboratory furnaces and ovens, namely the United States and Canada, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%).

In value terms, the United States ($X) and Canada ($X) constituted the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, with an increase of X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric industrial furnace import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

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

Source: IndexBox Platform

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