Canada: Non-Electric Industrial Furnace Market 2025

Non-Electric Industrial Furnace Market Size in Canada

In 2022, the Canadian non-electric industrial furnace market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, the total consumption indicated a noticeable expansion 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. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in Canada

In value terms, non-electric industrial furnace production soared to $X in 2022 estimated in export price. In general, production continues to indicate measured growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 107%. Non-electric industrial furnace production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports from Canada

After two years of decline, shipments abroad of non-electric industrial or laboratory furnaces and ovens increased by 64% to X units in 2022. Over the period under review, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2015 when exports increased by 135%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports skyrocketed to $X in 2022. In general, exports, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2015 when exports increased by 147% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for non-electric industrial furnace exports from Canada, with a approx. 96% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +1.7%.

In value terms, the United States ($X) also remains the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +1.8%.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, which is down by -3% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 12% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +0.2% per year.

Non-Electric Industrial Furnace Imports

Imports into Canada

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens imported into Canada surged to X units, picking up by 27% on 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 351% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, non-electric industrial furnace imports skyrocketed to $X in 2022. Over the period under review, imports saw a moderate increase. The most prominent rate of growth was recorded in 2019 when imports increased by 274%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X units), Germany (X units) and China (X units) were the main suppliers of non-electric industrial furnace imports to Canada, with a combined 96% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +53.4%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest non-electric industrial furnace suppliers to Canada were the United States ($X), Germany ($X) and China ($X), together accounting for 96% of total imports.

Germany, with a CAGR of +57.3%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, increasing by 9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2020 an increase of 13% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Germany ($X per unit), while the price for China ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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