Asia-Pacific: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Asia-Pacific

For the third consecutive year, the Asia-Pacific non-electric roasting furnace market recorded growth in sales value, which increased by 13% to $X in 2022. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +67.6% against 2016 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Non-Electric Roasting Furnace Production in Asia-Pacific

In value terms, non-electric roasting furnace production expanded modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 30% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Electric Roasting Furnace Exports

Exports in Asia-Pacific

For the third year in a row, Asia-Pacific recorded growth in overseas shipments of non-electric furnaces and ovens for the roasting or melting, which increased by 26% to X units in 2022. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2013 when exports increased by 128% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, non-electric roasting furnace exports soared to $X in 2022. Total exports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +61.3% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 32%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

China (X units) and India (X units) dominates exports structure, together achieving 90% of total exports. The following exporters - Thailand (X units), Japan (X units) and Singapore (X units) - each finished at a 6.8% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by China (with a CAGR of +50.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest non-electric roasting furnace supplier in Asia-Pacific, comprising 76% of total exports. The second position in the ranking was taken by Japan ($X), with a 10% share of total exports. It was followed by India, with a 4.7% share.

In China, non-electric roasting furnace exports increased 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

In 2022, the export price in Asia-Pacific amounted to $X per unit, with a decrease of -1.7% against the previous year. In general, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when the export price increased by 101%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 ($X per unit), while India ($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 mixed trends in the export price figures.

Non-Electric Roasting Furnace Imports

Imports in Asia-Pacific

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting imported in Asia-Pacific surged to X units, increasing by 19% compared with the previous year. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 154%. 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 roasting furnace imports surged to $X in 2022. Total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +77.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 71% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, Indonesia (X units) and the Philippines (X units) represented the major importers of non-electric furnaces and ovens for the roasting or melting in Asia-Pacific, together amounting to near 63% of total imports. India (X units) held the next position in the ranking, followed by Pakistan (X units). All these countries together took near 18% share of total imports. Thailand (X units), Sri Lanka (X units) and Vietnam (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +43.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in Asia-Pacific, comprising 57% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 11% share of total imports. It was followed by India, with a 6.7% share.

In Indonesia, non-electric roasting furnace imports expanded at an average annual rate of +25.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (-1.5% per year) and India (-6.6% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, with an increase of 2.9% against the previous year. Overall, the import price, however, saw a pronounced downturn. The growth pace was the most rapid in 2017 an increase of 147%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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

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