Argentina: Non-Electric Industrial Furnace Market 2025

Non-Electric Industrial Furnace Market Size in Argentina

In 2022, the Argentinian non-electric industrial furnace market increased by 8.4% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a perceptible decline. Non-electric industrial furnace consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in Argentina

In value terms, non-electric industrial furnace production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 59%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Non-Electric Industrial Furnace Exports

Exports from Argentina

In 2022, exports of non-electric industrial or laboratory furnaces and ovens from Argentina reduced to X units, declining by -6.9% on the previous year. In general, exports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 33%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports reduced to $X in 2022. Over the period under review, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil (X units) was the main destination for non-electric industrial furnace exports from Argentina, with a 24% share of total exports. Moreover, non-electric industrial furnace exports to Brazil exceeded the volume sent to the second major destination, Honduras (X units), twofold. Bolivia (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Brazil stood at -5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+10.5% per year) and Bolivia (-8.0% per year).

In value terms, Brazil ($X), Bolivia ($X) and Panama ($X) appeared to be the largest markets for non-electric industrial furnace exported from Argentina worldwide, together accounting for 53% of total exports.

Panama, with a CAGR of +23.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, waning by -2.9% against the previous year. Over the period under review, the export price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 22% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the Dominican Republic ($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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Argentina

In 2022, purchases abroad of non-electric industrial or laboratory furnaces and ovens increased by 149% to X units, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 164%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric industrial furnace imports surged to $X in 2022. Overall, imports, however, continue to indicate a noticeable downturn. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Italy (X units) were the main suppliers of non-electric industrial furnace imports to Argentina, together accounting for 80% of total imports. These countries were followed by France, Austria, Belgium, Portugal, the UK, Brazil, Spain, Japan and Poland, which together accounted for a further 18%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +43.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Argentina, comprising 35% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and France (+34.2% per year).

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, increasing by 10% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 import price decreased by -16.8% against 2020 indices. The growth pace was the most rapid in 2020 when the average import price increased by 68%. As a result, import price attained 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 Japan ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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