EU: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in the EU

The EU non-electric industrial furnace market declined slightly to $X in 2022, with a decrease of -4% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +94.9% against 2014 indices. Over the period under review, the market attained the peak level at $X in 2021, and then declined modestly in the following year.

Non-Electric Industrial Furnace Production in the EU

In value terms, non-electric industrial furnace production reduced slightly to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 +2.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Non-Electric Industrial Furnace Exports

Exports in the EU

In 2022, non-electric industrial furnace exports in the European Union rose markedly to X units, increasing by 8.5% compared with the previous year. Over the period under review, exports, however, saw a pronounced reduction. The growth pace was the most rapid in 2013 when exports increased by 27%. As a result, the exports attained 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 rose slightly to $X in 2022. In general, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy was the main exporter of non-electric industrial or laboratory furnaces and ovens in the European Union, with the volume of exports amounting to X units, which was near 49% of total exports in 2022. Germany (X units) held the second position in the ranking, followed by Spain (X units), the Netherlands (X units) and Portugal (X units). All these countries together held approx. 35% share of total exports. The following exporters - the Czech Republic (X units) and Poland (X units) - together made up 7.9% of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-electric industrial furnace exports from Italy stood at -1.1%. At the same time, Poland (+3.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +3.7% from 2012-2022. Portugal and the Netherlands experienced a relatively flat trend pattern. By contrast, Spain (-1.2%), the Czech Republic (-2.3%) and Germany (-5.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, the Netherlands, Portugal and Poland increased by +6, +2, +1.7 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest non-electric industrial furnace supplying countries in the European Union were Italy ($X), Germany ($X) and the Netherlands ($X), together comprising 73% of total exports. These countries were followed by Spain, the Czech Republic, Poland and Portugal, which together accounted for a further 17%.

In terms of the main exporting countries, Poland, with a CAGR of +6.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, shrinking by -6.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 11% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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 Germany ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.9%), while the other leaders experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports in the EU

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens imported in the European Union fell modestly to X units, shrinking by -3.8% on the year before. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 60%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports surged to $X in 2022. Total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.1% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 67%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the Netherlands (X units), distantly followed by Spain (X units), France (X units) and Poland (X units) were the major importers of non-electric industrial or laboratory furnaces and ovens, together achieving 72% of total imports. Bulgaria (X units), Hungary (X units), Romania (X units), the Czech Republic (X units), Germany (X units), Portugal (X units), Italy (X units), Greece (X units) and Belgium (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +23.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported non-electric industrial or laboratory furnaces and ovens in the European Union, comprising 47% of total imports. The second position in the ranking was taken by Spain ($X), with a 9.5% share of total imports. It was followed by Poland, with a 9.1% share.

In the Netherlands, non-electric industrial furnace imports expanded at an average annual rate of +32.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+8.0% per year) and Poland (+1.3% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, increasing by 40% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+21.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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