South-Eastern Asia: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in South-Eastern Asia

The Southeast Asian non-electric roasting furnace market contracted to $X in 2022, waning by X% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value 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, consumption increased by X% against 2018 indices. The level of consumption peaked at $X in 2021, and then declined in the following year.

Non-Electric Roasting Furnace Production in South-Eastern Asia

In value terms, non-electric roasting furnace production dropped to $X in 2022 estimated in export price. In general, production, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports in South-Eastern Asia

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting exported in South-Eastern Asia shrank remarkably to X units, which is down by X% against the year before. Over the period under review, exports, however, showed a slight increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export 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 skyrocketed to $X in 2022. Overall, exports, however, continue to indicate modest growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

In 2022, Singapore (X units) represented the major exporter of non-electric furnaces and ovens for the roasting or melting, constituting X% of total exports. Thailand (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%). Vietnam (X units) took a little share of total exports.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of non-electric furnaces and ovens for the roasting or melting. At the same time, Vietnam (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Malaysia and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Malaysia ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Vietnam lagged somewhat behind, comprising a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw 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

The export price in South-Eastern Asia stood at $X per unit in 2022, growing by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Non-Electric Roasting Furnace Imports

Imports in South-Eastern Asia

In 2022, non-electric roasting furnace imports in South-Eastern Asia reduced dramatically to X units, shrinking by X% against the previous year. In general, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then fell rapidly in the following year.

In value terms, non-electric roasting furnace imports amounted to $X in 2022. Over the period under review, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Malaysia was the major importer of non-electric furnaces and ovens for the roasting or melting in South-Eastern Asia, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Vietnam (X units) held the second position in the ranking, followed by Indonesia (X units) and the Philippines (X units). All these countries together held near X% share of total imports. Thailand (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-electric roasting furnace imports into Malaysia stood at X%. At the same time, the Philippines (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Thailand (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and the Philippines (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Vietnam and Indonesia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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