Australia and Oceania: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Australia and Oceania

The non-electric roasting furnace market in Australia and Oceania contracted sharply to $X in 2022, waning by -23.7% against the previous year. Overall, consumption, however, posted a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Non-Electric Roasting Furnace Production in Australia and Oceania

In value terms, non-electric roasting furnace production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of 106% against the previous year. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports in Australia and Oceania

In 2022, overseas shipments of non-electric furnaces and ovens for the roasting or melting increased by 14% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of 223% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports soared to $X in 2022. In general, exports, however, continue to indicate a deep setback. The pace of growth was the most pronounced in 2017 with an increase of 172%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Australia (X units) was the main exporter of non-electric furnaces and ovens for the roasting or melting, creating 83% of total exports. It was distantly followed by Fiji (X units), mixing up a 16% share of total exports.

Exports from Australia decreased at an average annual rate of -3.1% from 2012 to 2022. At the same time, Fiji (+39.8%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +39.8% from 2012-2022. Fiji (+15 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -9.6% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest non-electric roasting furnace supplier in Australia and Oceania, comprising 96% of total exports. The second position in the ranking was taken by Fiji ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia amounted to -8.0%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, surging by 1.6% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 804%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per unit), while Fiji stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-5.1%).

Non-Electric Roasting Furnace Imports

Imports in Australia and Oceania

In 2022, imports of non-electric furnaces and ovens for the roasting or melting in Australia and Oceania declined significantly to X units, which is down by -53.6% on the previous year's figure. In general, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 14,844% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric roasting furnace imports reduced remarkably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 66%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Fiji (X units) and Australia (X units) prevails in imports structure, together creating 82% of total imports. It was distantly followed by Papua New Guinea (X units), creating a 7.4% share of total imports. New Zealand (X units) and Samoa (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Fiji (with a CAGR of +35.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in Australia and Oceania, comprising 54% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a 22% share of total imports. It was followed by Fiji, with a 6.8% share.

In Australia, non-electric roasting furnace imports declined by an average annual rate of -2.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (+5.5% per year) and Fiji (+35.1% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, picking up by 64% against the previous year. Overall, the import price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 an increase of 16,829% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

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 Papua New Guinea ($X per unit), while Fiji ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Samoa (+24.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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