Central Asia: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Central Asia

The Central Asian non-electric industrial furnace market soared to $X in 2022, jumping by 46% against the previous year. Overall, consumption, however, saw significant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Non-Electric Industrial Furnace Production in Central Asia

In value terms, non-electric industrial furnace production declined slightly to $X in 2022 estimated in export price. Overall, production saw a deep slump. The pace of growth was the most pronounced in 2016 with an increase of 40%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Non-Electric Industrial Furnace Exports

Exports in Central Asia

In 2022, exports of non-electric industrial or laboratory furnaces and ovens in Central Asia amounted to X units, increasing by 14% against 2021 figures. In general, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of 703%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric industrial furnace exports soared to $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,496% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan prevails in exports structure, accounting for X units, which was approx. 95% of total exports in 2022. It was distantly followed by Uzbekistan (X units), making up a 4.7% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of -7.1% from 2012 to 2022. At the same time, Uzbekistan (+25.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +25.5% from 2012-2022. From 2012 to 2022, the share of Uzbekistan increased by +4.5 percentage points.

In value terms, Kazakhstan ($X) remains the largest non-electric industrial furnace supplier in Central Asia, comprising 87% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to +18.5%.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, increasing by 10% against the previous year. Over the period under review, the export price posted a significant expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 205% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 Uzbekistan ($X per unit), while Kazakhstan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+27.6%).

Non-Electric Industrial Furnace Imports

Imports in Central Asia

In 2022, purchases abroad of non-electric industrial or laboratory furnaces and ovens decreased by -4.2% to X units, falling for the second consecutive year after four years of growth. Overall, imports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 229%. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports expanded markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 207% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Uzbekistan (X units) was the largest importer of non-electric industrial or laboratory furnaces and ovens, creating 71% of total imports. It was distantly followed by Kazakhstan (X units), comprising a 17% share of total imports. Tajikistan (X units), Kyrgyzstan (X units) and Mongolia (X units) followed a long way behind the leaders.

Uzbekistan experienced a relatively flat trend pattern with regard to volume of imports of non-electric industrial or laboratory furnaces and ovens. At the same time, Kyrgyzstan (+28.1%), Kazakhstan (+2.0%) and Tajikistan (+1.6%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +28.1% from 2012-2022. By contrast, Mongolia (-5.0%) illustrated a downward trend over the same period. While the share of Uzbekistan (+71 p.p.) and Kyrgyzstan (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mongolia (-12.9 p.p.), Tajikistan (-13.2 p.p.) and Kazakhstan (-48 p.p.) displayed negative dynamics.

In value terms, Uzbekistan ($X) constitutes the largest market for imported non-electric industrial or laboratory furnaces and ovens in Central Asia, comprising 83% of total imports. The second position in the ranking was held by Kazakhstan ($X), with an 8.6% share of total imports. It was followed by Tajikistan, with a 4.2% share.

In Uzbekistan, non-electric industrial furnace imports increased at an average annual rate of +4.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (-1.1% per year) and Tajikistan (+2.5% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, growing by 20% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2020 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 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 Uzbekistan ($X per unit), while Mongolia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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