Canada: Non-Electric Roasting Furnace Market 2025

Non-Electric Roasting Furnace Market Size in Canada

In 2022, the Canadian non-electric roasting furnace market was finally on the rise to reach $X after three years of decline. Overall, consumption saw prominent growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports from Canada

In 2022, approx. X units of non-electric furnaces and ovens for the roasting or melting were exported from Canada; picking up by 147% on the year before. Over the period under review, exports posted moderate growth. The exports peaked at X units in 2017; however, from 2018 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 showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-electric roasting furnace exports from Canada, with a 62% share of total exports. Moreover, non-electric roasting furnace exports to the United States exceeded the volume sent to the second major destination, Sri Lanka (X units), fourfold. The third position in this ranking was taken by Italy (X units), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+691.7% per year) and Italy (+68.2% per year).

In value terms, the United States ($X), Italy ($X) and Malaysia ($X) were the largest markets for non-electric roasting furnace exported from Canada worldwide, together accounting for 89% of total exports. Sri Lanka lagged somewhat behind, comprising a further 6.9%.

Sri Lanka, with a CAGR of +184.2%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electric roasting furnace export price stood at $X per unit in 2022, dropping by -28.7% against the previous year. Overall, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 143% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+24.1%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Roasting Furnace Imports

Imports into Canada

In 2022, purchases abroad of non-electric furnaces and ovens for the roasting or melting was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 316%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-electric roasting furnace imports surged to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 120% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest non-electric roasting furnace supplier to Canada, with a 71% share of total imports. Moreover, non-electric roasting furnace imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X units), sevenfold. The UK (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States amounted to +29.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+65.6% per year) and the UK (+37.8% per year).

In value terms, the United States ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Canada, comprising 89% of total imports. The second position in the ranking was taken by Australia ($X), with a 3.6% share of total imports. It was followed by Italy, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States amounted to +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+18.3% per year) and Italy (+65.9% per year).

Import Prices by Country

The average non-electric roasting furnace import price stood at $X per unit in 2022, falling by -8.5% against the previous year. Over the period under review, the import price continues to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 when the average import price increased by 64% against the previous year. The import price peaked 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 origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :