Israel: Non-Electric Industrial Furnace Market 2025

Non-Electric Industrial Furnace Market Size in Israel

The Israeli non-electric industrial furnace market dropped to $X in 2022, falling by -11.7% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% 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 +2.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in Israel

In value terms, non-electric industrial furnace production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.9% 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 +3.4% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 50% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports from Israel

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported from Israel expanded significantly to X units, increasing by 6.4% compared with the previous year. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 263% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports reached $X in 2022. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 224%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Thailand (X units) and the United States (X units) were the main destinations of non-electric industrial furnace exports from Israel, together comprising 61% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +50.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Thailand ($X) and the United States ($X) were the largest markets for non-electric industrial furnace exported from Israel worldwide, with a combined 61% share of total exports.

Thailand, with a CAGR of +50.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, falling by -3% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Ukraine ($X per unit), while the average price for exports to Canada ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Israel

Non-electric industrial furnace imports into Israel declined notably to X units in 2022, with a decrease of -65.7% against 2021. Overall, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 108%. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports fell markedly to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 139%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The UK (X units), South Korea (X units) and Spain (X units) were the main suppliers of non-electric industrial furnace imports to Israel, with a combined 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +111.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric industrial furnace suppliers to Israel were the UK ($X), South Korea ($X) and Spain ($X), together comprising 67% of total imports.

South Korea, with a CAGR of +126.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, surging by 9.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2020 when the average import price increased by 33% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Turkey ($X per unit), while the price for France ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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