Benelux: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Benelux

In 2022, the Benelux non-electric roasting furnace market increased by 38% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +68.5% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Electric Roasting Furnace Production in Benelux

In value terms, non-electric roasting furnace production reached $X in 2022 estimated in export price. The total production indicated a tangible 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, production decreased by -8.2% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 48% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports in Benelux

In 2022, exports of non-electric furnaces and ovens for the roasting or melting in Benelux fell modestly to X units, remaining stable against 2021 figures. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 460%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric roasting furnace exports dropped to $X in 2022. Overall, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2020 when exports increased by 202% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands was the key exporting country with an export of around X units, which recorded 58% of total exports. It was distantly followed by Belgium (X units), generating a 38% share of total exports. Luxembourg (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Luxembourg (with a CAGR of +20.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of exports in 2022.

The Netherlands, with a CAGR of +7.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2022, reducing by -12.8% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 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 Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-7.9%), while the other leaders experienced a decline in the export price figures.

Non-Electric Roasting Furnace Imports

Imports in Benelux

In 2022, non-electric roasting furnace imports in Benelux skyrocketed to X units, with an increase of 64% on the year before. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 5,565%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric roasting furnace imports surged to $X in 2022. Overall, imports, however, faced a abrupt slump. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of non-electric roasting furnace imports in 2022 were the Netherlands (X units), together resulting at 100% of total import.

The Netherlands was also the fastest-growing in terms of the non-electric furnaces and ovens for the roasting or melting imports, with a CAGR of +19.9% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in Benelux.

From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands stood at +18.3%.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, increasing by 5.9% against the previous year. Over the period under review, the import price, however, faced a precipitous decline. The pace of growth was the most pronounced in 2017 an increase of 226% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the Netherlands.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to -1.4% per year.

Source: IndexBox Platform