Africa: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Africa

After two years of decline, the African non-electric industrial furnace market increased by 28% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Industrial Furnace Production in Africa

In value terms, non-electric industrial furnace production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 70%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports in Africa

In 2022, after three years of decline, there was significant growth in shipments abroad of non-electric industrial or laboratory furnaces and ovens, when their volume increased by 116% to X units. Over the period under review, exports recorded modest growth. The growth pace was the most rapid in 2018 when exports increased by 313% against the previous year. As a result, the exports attained the peak of X units. From 2019 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 recorded a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of 168% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa dominates exports structure, accounting for X units, which was approx. 90% of total exports in 2022. Tunisia (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-electric industrial furnace exports from South Africa stood at +2.7%. At the same time, Tunisia (+24.8%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing exporter exported in Africa, with a CAGR of +24.8% from 2012-2022. South Africa (+11 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest non-electric industrial furnace supplier in Africa, comprising 91% of total exports. The second position in the ranking was held by Tunisia ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at +6.4%.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, increasing by 8.7% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric industrial furnace export price increased by +52.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 93% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Tunisia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+3.6%).

Non-Electric Industrial Furnace Imports

Imports in Africa

In 2022, purchases abroad of non-electric industrial or laboratory furnaces and ovens increased by 70% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 137%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric industrial furnace imports soared to $X in 2022. Over the period under review, imports, however, showed a mild decline. The growth pace was the most rapid in 2013 with an increase of 125%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Tanzania (X units), distantly followed by Nigeria (X units), Ghana (X units), South Africa (X units), Algeria (X units), Egypt (X units), Tunisia (X units) and Morocco (X units) represented the largest importers of non-electric industrial or laboratory furnaces and ovens, together comprising 81% of total imports. Zambia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ghana (with a CAGR of +39.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric industrial furnace importing markets in Africa were South Africa ($X), Egypt ($X) and Nigeria ($X), with a combined 48% share of total imports. Tanzania, Ghana, Morocco, Tunisia, Algeria and Zambia lagged somewhat behind, together accounting for a further 35%.

Ghana, with a CAGR of +30.1%, saw the highest rates of growth with regard to 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 Africa amounted to $X per unit, growing by 2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 19% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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