Southern Asia: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Southern Asia

The South Asian non-electric industrial furnace market rose markedly to $X in 2022, surging by X% against the previous year. In general, consumption showed a noticeable increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Non-Electric Industrial Furnace Production in Southern Asia

In value terms, non-electric industrial furnace production expanded significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Non-Electric Industrial Furnace Exports

Exports in Southern Asia

In 2022, exports of non-electric industrial or laboratory furnaces and ovens in Southern Asia contracted dramatically to X units, which is down by X% compared with 2021. Overall, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced markedly in the following year.

In value terms, non-electric industrial furnace exports skyrocketed to $X in 2022. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, India (X units) represented the main exporter of non-electric industrial or laboratory furnaces and ovens in Southern Asia, achieving X% of total export.

India 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest non-electric industrial furnace supplier in Southern Asia.

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

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, with an increase of X% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Non-Electric Industrial Furnace Imports

Imports in Southern Asia

Non-electric industrial furnace imports skyrocketed to X units in 2022, increasing by X% on 2021. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, non-electric industrial furnace imports soared to $X in 2022. In general, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) represented the largest importer of non-electric industrial or laboratory furnaces and ovens, creating X% of total imports. It was distantly followed by Pakistan (X units), committing a X% share of total imports. The following importers - Sri Lanka (X units) and Bangladesh (X units) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-electric industrial furnace imports into India stood at X%. At the same time, Sri Lanka (X%), Bangladesh (X%) and Pakistan (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of X% from 2012-2022. India (X p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-electric industrial or laboratory furnaces and ovens in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total imports. It was followed by Sri Lanka, with a X% share.

In India, non-electric industrial furnace imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price continues to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :