SADC: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in SADC

The SADC non-electric industrial furnace market was estimated at $X in 2022, growing by X% against the previous year. In general, consumption continues to indicate strong growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Industrial Furnace Production in SADC

In value terms, non-electric industrial furnace production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Electric Industrial Furnace Exports

Exports in SADC

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were exported in SADC; jumping by X% on the previous year's figure. Over the period under review, exports continue to indicate a significant 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. Overall, exports posted strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from South Africa (X units), together finishing at X% of total export.

South Africa 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. From 2012 to 2022, the share of South Africa increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest non-electric industrial furnace supplier in SADC.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to X%.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per unit, declining by X% against the previous year. In general, the export price recorded a sharp decline. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to X% per year.

Non-Electric Industrial Furnace Imports

Imports in SADC

After two years of decline, purchases abroad of non-electric industrial or laboratory furnaces and ovens increased by X% to X units in 2022. Over the period under review, imports, however, showed a slight slump. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Africa dominates imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by Mozambique (X units), making up a X% share of total imports. The following importers - Democratic Republic of the Congo (X units), Mauritius (X units) and Tanzania (X units) - together made up X% of total imports.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Tanzania (X%), Mozambique (X%) and Mauritius (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. While the share of Mozambique (X p.p.), Democratic Republic of the Congo (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported non-electric industrial or laboratory furnaces and ovens in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :