ASEAN: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in ASEAN

The ASEAN non-electric roasting furnace market expanded sharply to $X in 2022, surging by 5.6% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Non-Electric Roasting Furnace Production in ASEAN

In value terms, non-electric roasting furnace production shrank to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 126% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports in ASEAN

In 2022, non-electric roasting furnace exports in ASEAN declined significantly to X units, waning by -32.4% on the previous year's figure. Over the period under review, exports, however, showed a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 163%. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-electric roasting furnace exports skyrocketed to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 128%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X units) and Singapore (X units) dominates exports structure, together mixing up 93% of total exports. The following exporters - Indonesia (X units) and Malaysia (X units) - each resulted at a 5.8% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +33.6%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Indonesia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 89% of total exports.

Indonesia, with a CAGR of +9.7%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, jumping by 116% against the previous year. Overall, the export price, however, recorded a deep setback. The growth pace was the most rapid in 2016 when the export price increased by 360% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.0%), while the other leaders experienced mixed trends in the export price figures.

Non-Electric Roasting Furnace Imports

Imports in ASEAN

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting imported in ASEAN skyrocketed to X units, jumping by 17% compared with 2021 figures. Overall, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2014 with an increase of 141% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, non-electric roasting furnace imports skyrocketed to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 123% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Indonesia (X units) and the Philippines (X units) prevails in imports structure, together committing 88% of total imports. It was distantly followed by Thailand (X units), creating a 5.3% share of total imports. The following importers - Vietnam (X units) and Malaysia (X units) - each resulted at a 5.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +21.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in ASEAN, comprising 75% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total imports. It was followed by Malaysia, with a 4.5% share.

In Indonesia, non-electric roasting furnace imports increased at an average annual rate of +25.5% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (-1.5% per year) and Malaysia (+3.3% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, rising by 7.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 185%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform