U.S.: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in the U.S.

The U.S. non-electric industrial furnace market expanded sharply to $X in 2022, increasing by X% against the previous year. In general, consumption, however, continues to indicate a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in the U.S.

In value terms, non-electric industrial furnace production rose notably to $X in 2022. Over the period under review, production, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Non-Electric Industrial Furnace Exports

Exports from the U.S.

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported from the United States surged to X units, increasing by X% compared with the year before. Over the period under review, exports showed a measured expansion. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports surged to $X in 2022. Overall, exports enjoyed a temperate increase. The growth pace was the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for non-electric industrial furnace exports from the United States, with a X% share of total exports. Moreover, non-electric industrial furnace exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), twofold. The third position in this ranking was held by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and China (X% per year).

In value terms, Canada ($X) remains the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

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

Non-Electric Industrial Furnace Imports

Imports into the U.S.

In 2022, approx. X units of non-electric industrial or laboratory furnaces and ovens were imported into the United States; dropping by X% compared with the previous year's figure. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports rose to $X in 2022. In general, total imports indicated a tangible increase 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X units), Canada (X units) and Spain (X units) were the main suppliers of non-electric industrial furnace imports to the United States, with a combined X% share of total imports. China, the Netherlands, India, the UK, South Africa, Germany, Taiwan (Chinese) and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric industrial furnace suppliers to the United States were Italy ($X), Canada ($X) and Spain ($X), with a combined X% share of total imports. The UK, China, the Netherlands, Germany, Japan, India, South Africa and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Africa, with a CAGR of X%, saw 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

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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