Singapore: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Singapore

The Singaporean non-electric roasting furnace market shrank dramatically to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, posted a mild expansion. Non-electric roasting furnace consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Non-Electric Roasting Furnace Production in Singapore

In value terms, non-electric roasting furnace production declined significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports from Singapore

In 2022, approx. X units of non-electric furnaces and ovens for the roasting or melting were exported from Singapore; waning by X% against the previous year. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, non-electric roasting furnace exports reduced to $X in 2022. In general, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X units), Malaysia (X units) and the United States (X units) were the main destinations of non-electric roasting furnace exports from Singapore, 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 the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and Malaysia ($X) were the largest markets for non-electric roasting furnace exported from Singapore worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United States, with a CAGR of X%, saw the highest growth rate of 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

The average non-electric roasting furnace export price stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price posted a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($X per unit), while the average price for exports to Malaysia ($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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Roasting Furnace Imports

Imports into Singapore

Non-electric roasting furnace imports into Singapore surged to X units in 2022, rising by X% against the year before. Over the period under review, imports, however, recorded a deep slump. Imports peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-electric roasting furnace imports surged to $X in 2022. In general, imports, however, recorded a abrupt downturn. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of non-electric roasting furnace to Singapore, accounting for a X% share of total imports. Moreover, non-electric roasting furnace imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), sevenfold. The third position in this ranking was held by Hungary (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hungary (X% per year).

In value terms, the United States ($X), Italy ($X) and China ($X) appeared to be the largest non-electric roasting furnace suppliers to Singapore, together comprising X% of total imports.

Italy, with a CAGR of X%, recorded 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

The average non-electric roasting furnace import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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