Russian Federation: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in the Russian Federation

The Russian non-electric industrial furnace market rose significantly to $X.8B in 2022, growing by X% against the previous year. Over the period under review, consumption showed a buoyant expansion. 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 the Russian Federation

In value terms, non-electric industrial furnace production rose significantly to $X.5B in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Non-electric industrial furnace production peaked at $X.6B in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Non-Electric Industrial Furnace Exports

Exports from the Russian Federation

In 2022, exports of non-electric industrial or laboratory furnaces and ovens from Russia dropped markedly to X units, with a decrease of X% compared with 2021 figures. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports stood at $X in 2022. In general, exports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units) was the main destination for non-electric industrial furnace exports from Russia, accounting for a X% share of total exports. Moreover, non-electric industrial furnace exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X units), sevenfold. The third position in this ranking was taken by Uzbekistan (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tajikistan (X% per year) and Uzbekistan (X% per year).

In value terms, the largest markets for non-electric industrial furnace exported from Russia were Kazakhstan ($X), Uzbekistan ($X) and Azerbaijan ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Azerbaijan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, surging by X% against the previous year. Overall, the export price posted strong growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Moldova ($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 Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into the Russian Federation

After two years of decline, overseas purchases of non-electric industrial or laboratory furnaces and ovens increased by X% to X units in 2022. Over the period under review, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2019 with an increase of X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric industrial furnace imports contracted markedly to $X in 2022. Overall, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X units) constituted the largest non-electric industrial furnace supplier to Russia, with a X% share of total imports. Moreover, non-electric industrial furnace imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Italy (X units), twofold. Belgium (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Belgium (X% per year).

In value terms, China ($X), Italy ($X) and Poland ($X) constituted the largest non-electric industrial furnace suppliers to Russia, with a combined X% share of total imports. Belgium, the Czech Republic and Hungary lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price, however, recorded perceptible growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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