Eastern Europe: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Eastern Europe

The East European non-electric roasting furnace market soared to $X in 2022, growing by 48% against the previous year. Overall, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Electric Roasting Furnace Production in Eastern Europe

In value terms, non-electric roasting furnace production soared to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +54.3% against 2018 indices. The growth pace was the most rapid in 2016 with an increase of 26%. The level of production peaked in 2022 and is likely to see gradual growth in the immediate term.

Non-Electric Roasting Furnace Exports

Exports in Eastern Europe

In 2022, approx. X units of non-electric furnaces and ovens for the roasting or melting were exported in Eastern Europe; growing by 67% against the previous year's figure. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2016 with an increase of 132% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-electric roasting furnace exports surged to $X in 2022. Over the period under review, exports, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 152%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic represented the main exporter of non-electric furnaces and ovens for the roasting or melting in Eastern Europe, with the volume of exports resulting at X units, which was approx. 52% of total exports in 2022. Poland (X units) ranks second in terms of the total exports with a 19% share, followed by Estonia (14%). The following exporters - Romania (X units), Hungary (X units), Lithuania (X units) and Latvia (X units) - together made up 12% of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-electric roasting furnace exports from the Czech Republic stood at +25.7%. At the same time, Estonia (+91.9%), Hungary (+62.0%), Lithuania (+59.9%) and Latvia (+57.3%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +91.9% from 2012-2022. Poland experienced a relatively flat trend pattern. By contrast, Romania (-9.7%) illustrated a downward trend over the same period. The Czech Republic (+38 p.p.), Estonia (+14 p.p.), Hungary (+3.1 p.p.), Lithuania (+2.8 p.p.) and Latvia (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while Romania and Poland saw its share reduced by -21% and -26.9% from 2012 to 2022, respectively.

In value terms, the Czech Republic ($X) remains the largest non-electric roasting furnace supplier in Eastern Europe, comprising 66% of total exports. The second position in the ranking was held by Poland ($X), with a 20% share of total exports. It was followed by Lithuania, with a 5% share.

From 2012 to 2022, the average annual growth rate of value in the Czech Republic stood at +13.3%. In the other countries, the average annual rates were as follows: Poland (-10.8% per year) and Lithuania (+52.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, falling by -21.4% against the previous year. Overall, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2014 an increase of 36%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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 Lithuania ($X per unit), while Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (-4.9%), while the other leaders experienced a decline in the export price figures.

Non-Electric Roasting Furnace Imports

Imports in Eastern Europe

In 2022, supplies from abroad of non-electric furnaces and ovens for the roasting or melting decreased by -50% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 127%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, non-electric roasting furnace imports soared to $X in 2022. Over the period under review, imports showed a perceptible descent. The most prominent rate of growth was recorded in 2017 when imports increased by 95%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, reaching X units, which was approx. 96% of total imports in 2022. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-electric roasting furnace imports into Russia stood at -8.5%. At the same time, Belarus (+4.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +4.1% from 2012-2022. From 2012 to 2022, the share of Belarus increased by +2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in Eastern Europe, comprising 56% of total imports. The second position in the ranking was taken by Belarus ($X), with a 0.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to -5.2%.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, jumping by 154% against the previous year. In general, the import price continues to indicate buoyant growth. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Belarus amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+8.0%).

Source: IndexBox Platform

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