CIS: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in CIS

The CIS non-electric industrial furnace market reached $X in 2022, surging by 2.8% against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Non-Electric Industrial Furnace Production in CIS

In value terms, non-electric industrial furnace production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 367% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports in CIS

In 2022, after three years of growth, there was significant decline in shipments abroad of non-electric industrial or laboratory furnaces and ovens, when their volume decreased by -34.1% to X units. Over the period under review, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 219%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports reduced sharply to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 390% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, reaching X units, which was near 84% of total exports in 2022. It was distantly followed by Kazakhstan (X units) and Belarus (X units), together making up a 13% share of total exports. Moldova (X units) followed a long way behind the leaders.

Exports from Russia decreased at an average annual rate of -1.5% from 2012 to 2022. At the same time, Moldova (+41.1%) and Belarus (+9.8%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +41.1% from 2012-2022. By contrast, Kazakhstan (-7.1%) illustrated a downward trend over the same period. While the share of Belarus (+3.9 p.p.) and Moldova (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-5.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest non-electric industrial furnace supplier in the CIS, comprising 72% of total exports. The second position in the ranking was held by Belarus ($X), with a 23% share of total exports. It was followed by Kazakhstan, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at -3.3%. In the other countries, the average annual rates were as follows: Belarus (+28.5% per year) and Kazakhstan (+18.5% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, growing by 29% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 54%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 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 Belarus ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+27.6%), while the other leaders experienced mixed trends in the export price figures.

Non-Electric Industrial Furnace Imports

Imports in CIS

In 2022, purchases abroad of non-electric industrial or laboratory furnaces and ovens decreased by -24% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 118%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports dropped notably to $X in 2022. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 128%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X units), distantly followed by Azerbaijan (X units) and Uzbekistan (X units) were the largest importers of non-electric industrial or laboratory furnaces and ovens, together generating 89% of total imports. The following importers - Kazakhstan (X units) and Belarus (X units) - each amounted to an 8% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +14.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Russia ($X), Uzbekistan ($X) and Azerbaijan ($X) were the countries with the highest levels of imports in 2022, together comprising 92% of total imports.

Uzbekistan, with a CAGR of +4.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, picking up by 11% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric industrial furnace import price decreased by -23.0% against 2020 indices. The growth pace was the most rapid in 2014 when the import price increased by 36%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per unit), while Azerbaijan ($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 more modest paces of growth.

Source: IndexBox Platform

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