Asia: Non-Electric Roasting Furnace Market 2025

Non-Electric Roasting Furnace Market Size in Asia

In 2022, the Asian non-electric roasting furnace market increased by 14% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.0% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Non-Electric Roasting Furnace Production in Asia

In value terms, non-electric roasting furnace production amounted to $X in 2022 estimated in export price. The total production indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 40% against the previous year. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Non-Electric Roasting Furnace Exports

Exports in Asia

For the third consecutive year, Asia recorded growth in overseas shipments of non-electric furnaces and ovens for the roasting or melting, which increased by 29% to X units in 2022. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 62%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, non-electric roasting furnace exports skyrocketed to $X in 2022. Total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 when exports increased by 29%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China (X units) and India (X units) prevails in exports structure, together achieving 81% of total exports. It was distantly followed by Bahrain (X units), achieving a 7.6% share of total exports. The following exporters - Thailand (X units), Japan (X units), Singapore (X units) and the United Arab Emirates (X units) - each accounted for an 8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +50.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest non-electric roasting furnace supplier in Asia, comprising 74% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.9% share of total exports. It was followed by India, with a 4.6% share.

In China, non-electric roasting furnace exports expanded at an average annual rate of +18.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-11.7% per year) and India (+9.5% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, with a decrease of -5.7% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 when the export price increased by 66%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.7%), while the other leaders experienced more modest paces of growth.

Non-Electric Roasting Furnace Imports

Imports in Asia

In 2022, approx. X units of non-electric furnaces and ovens for the roasting or melting were imported in Asia; with an increase of 35% on 2021. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 423%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-electric roasting furnace imports soared to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.8% against 2017 indices. The growth pace was the most rapid in 2017 when imports increased by 33%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Indonesia (X units), the Philippines (X units) and Bahrain (X units) was the main importer of non-electric furnaces and ovens for the roasting or melting in Asia, creating 61% of total import. India (X units) held an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (6.6%) and Pakistan (4.9%). Thailand (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +37.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in Asia, comprising 44% of total imports. The second position in the ranking was held by Turkey ($X), with a 13% share of total imports. It was followed by India, with a 5.3% share.

In Indonesia, non-electric roasting furnace imports expanded 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: Turkey (+11.1% per year) and India (-6.6% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, waning by -9.2% against the previous year. Overall, the import price saw a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 533% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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