Global Electrical Induction Industrial Oven Market 2020

Electrical Induction Industrial Oven Market Size

The global electrical induction industrial oven market revenue amounted to $X in 2017, jumping by X% against the previous year. Overall, electrical induction industrial oven consumption continues to indicate a strong expansion. The growth pace was the most rapid in 2015, when market value increased by X% year-to-year. Global electrical induction industrial oven consumption peaked in 2017, and is expected to retain its growth in the near future.

Electrical Induction Industrial Oven Production

Global electrical induction industrial oven production totaled X units in 2017, increasing by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2011, when it surged by X% year-to-year. Over the period under review, the global electrical induction industrial oven production attained its peak figure volume in 2017, and is expected to retain its growth in the near future.

Electrical Induction Industrial Oven Exports

Global exports stood at X units in 2017, jumping by X% against the previous year. Overall, electrical induction industrial oven exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2012, with an increase of X% y-o-y. In that year, the global electrical induction industrial oven exports attained their peak volume of X units. From 2013 to 2017, growth of the global electrical induction industrial oven exports stood at a somewhat lower level.

In value terms, electrical induction industrial oven exports totaled $X in 2017. The total export value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. In that year, the global electrical induction industrial oven exports attained their peak level of $X. From 2012 to 2017, growth of the global electrical induction industrial oven exports failed to regain its momentum.

Electrical Induction Industrial Oven Exports by Country

Thailand represented the major exporter of electrical induction industrial or laboratory furnaces and ovens in the world, with the volume of exports finishing at X units, which was approx. X% of total exports in 2017. It was distantly followed by China (X units), South Korea (X units) and Germany (X units), together mixed up X% share of total exports. The following exporters - Latvia (X units), Italy (X units) and the U.S. (X units) together made up X% of total exports.

Thailand was also the fastest growing in terms of the electrical induction industrial or laboratory furnaces and ovens exports, with a CAGR of +X% from 2007 to 2017. At the same time, South Korea (+X%), China (+X%), Italy (+X%) and Latvia (+X%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of the U.S. increased by X% percentage points, while South Korea (-X%), China (-X%) and Thailand (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the countries with the highest levels of exports in 2017, with a combined X% share of global exports. These countries were followed by the U.S., South Korea, Thailand and Latvia, which together accounted for a further X%.

Thailand (+X% per year) experienced the highest growth rate of exports, among the main exporting countries over the last decade, while the other global leaders experienced more modest paces of growth.

Electrical Induction Industrial Oven Export Prices by Country

In 2017, the average electrical induction industrial oven export price amounted to $X thousand per unit, coming up by X% against the previous year. Overall, electrical induction industrial oven export price continues to indicate a strong growth. The most prominent rate of growth was recorded in 2015, when the average export prices increased by X% y-o-y. Over the period under review, the average export prices for electrical induction industrial or laboratory furnaces and ovens attained its peak figure level in 2017, and is expected to retain its growth in the near future.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Italy ($X thousand per unit), while Latvia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Germany (+X% per year), while the other global leaders experienced more modest paces of growth.

Electrical Induction Industrial Oven Imports

Global imports stood at X units in 2017, coming down by -X% against the previous year. In general, the total imports indicated a measured expansion from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the electrical induction industrial oven imports decreased by -X% against 2014 indices. The pace of growth appeared the most rapid in 2014, when imports increased by X% against the previous year. In that year, the global electrical induction industrial oven imports reached their peak volume of X units. From 2015 to 2017, growth of the global electrical induction industrial oven imports stood at a somewhat lower level.

In value terms, electrical induction industrial oven imports amounted to $X in 2017. Overall, electrical induction industrial oven imports continue to indicate a relatively flat trend pattern. Global imports peaked of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Electrical Induction Industrial Oven Imports by Country

The U.S. was the main importing country with an import of around X units, which accounted for X% of total imports. Russia (X units) took the second position in the ranking, followed by China (X units), Mexico (X units), Bangladesh (X units), the UK (X units) and Canada (X units). All these countries together took approx. X% share of total imports. Thailand (X units), Germany (X units) and China, Hong Kong SAR (X units) took the minor share of total imports.

From 2007 to 2017, average annual rates of growth with regard to electrical induction industrial oven imports into the U.S. stood at +X%. At the same time, the UK (+X%), Mexico (+X%), Russia (+X%), Thailand (+X%), Canada (+X%), Germany (+X%) and China (+X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. By contrast, China, Hong Kong SAR (-X%) and Bangladesh (-X%) illustrated a downward trend over the same period. While the share of Bangladesh (X%) and China, Hong Kong SAR (X%) increased significantly in terms of the global imports from 2007-2017, the share of Thailand (-X%), China (-X%), Canada (-X%), the UK (-X%), Mexico (-X%), Russia (-X%) and the U.S. (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported electrical induction industrial or laboratory furnaces and ovens worldwide, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Mexico, with a X% share.

In China, electrical induction industrial oven imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Mexico (+X% per year).

Electrical Induction Industrial Oven Import Prices by Country

In 2017, the average electrical induction industrial oven import price amounted to $X thousand per unit, jumping by X% against the previous year. Overall, electrical induction industrial oven import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2010, when it surged by X% against the previous year. Over the period under review, the average import prices for electrical induction industrial or laboratory furnaces and ovens attained its peak figure level of $X thousand per unit in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was China ($X thousand per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Bangladesh (+X% per year), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform