United Kingdom: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in the UK

In 2022, the UK non-electric industrial furnace market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a slight curtailment. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Industrial Furnace Production in the UK

In value terms, non-electric industrial furnace production reached $X in 2022 estimated in export price. Overall, production, however, saw a pronounced downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Non-Electric Industrial Furnace Exports

Exports from the UK

In 2022, non-electric industrial furnace exports from the UK contracted to X units, which is down by X% on 2021 figures. In general, exports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports fell to $X in 2022. Overall, exports, however, continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) was the main destination for non-electric industrial furnace exports from the UK, with a X% share of total exports. Moreover, non-electric industrial furnace exports to Saudi Arabia exceeded the volume sent to the second major destination, Cote d'Ivoire (X units), twofold. The third position in this ranking was held by Trinidad and Tobago (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Trinidad and Tobago (X% per year).

In value terms, the largest markets for non-electric industrial furnace exported from the UK were Saudi Arabia ($X), the United States ($X) and Cote d'Ivoire ($X), with a combined X% share of total exports. Germany, Sri Lanka, Sudan, Benin, Gibraltar, Togo, Trinidad and Tobago, Ghana, Slovakia and Costa Rica lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Slovakia, with a CAGR of X%, recorded 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 average non-electric industrial furnace export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Costa Rica ($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 Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into the UK

In 2022, supplies from abroad of non-electric industrial or laboratory furnaces and ovens increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports recorded resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric industrial furnace imports surged to $X in 2022. Over the period under review, imports enjoyed a pronounced increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X units), Croatia (X units) and China (X units) were the main suppliers of non-electric industrial furnace imports to the UK, with a combined X% share of total imports. Slovakia, Hungary, Italy, the Netherlands, the United States, Germany, Luxembourg and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to the UK, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood 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 ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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