Colombia: Non-Electric Industrial Furnace Market 2025

Non-Electric Industrial Furnace Market Size in Colombia

The Colombian non-electric industrial furnace market dropped to $X in 2022, falling by -7.1% against the previous year. Over the period under review, consumption recorded a deep contraction. Non-electric industrial furnace consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in Colombia

In value terms, non-electric industrial furnace production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of 37%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Electric Industrial Furnace Exports

Exports from Colombia

For the third year in a row, Colombia recorded growth in shipments abroad of non-electric industrial or laboratory furnaces and ovens, which increased by 1.5% to X units in 2022. Overall, exports recorded moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 187% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-electric industrial furnace exports dropped notably to $X in 2022. Over the period under review, exports enjoyed pronounced growth. The most prominent rate of growth was recorded in 2018 when exports increased by 208%. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Uruguay (X units), the United States (X units) and Chile (X units) were the main destinations of non-electric industrial furnace exports from Colombia, with a combined 88% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +186.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Uruguay ($X) constituted the largest markets for non-electric industrial furnace exported from Colombia worldwide, with a combined 80% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +174.7%, recorded the highest rates of growth with regard to the value of exports, 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 industrial furnace export price stood at $X per unit in 2022, falling by -21% against the previous year. Over the period under review, the export price saw a slight setback. The pace of growth was the most pronounced in 2016 an increase of 113%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Dominican Republic ($X per unit), while the average price for exports to Uruguay ($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 Guatemala (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Colombia

Non-electric industrial furnace imports into Colombia fell rapidly to X units in 2022, declining by -34% on the previous year's figure. Overall, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 162%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-electric industrial furnace imports contracted sharply to $X in 2022. Over the period under review, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2017 with an increase of 223%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest non-electric industrial furnace supplier to Colombia, accounting for a 56% share of total imports. Moreover, non-electric industrial furnace imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by China (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at -20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-13.0% per year) and China (-17.3% per year).

In value terms, the largest non-electric industrial furnace suppliers to Colombia were the United States ($X), Italy ($X) and Spain ($X), together comprising 57% of total imports.

Spain, with a CAGR of +4.5%, 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 mixed trend patterns.

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, picking up by 15% against the previous year. In general, the import price continues to indicate tangible growth. The growth pace was the most rapid in 2019 an increase of 91% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+53.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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