MERCOSUR: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in MERCOSUR

In 2022, the MERCOSUR non-electric roasting furnace market decreased by -16.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption saw a pronounced reduction. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Non-Electric Roasting Furnace Production in MERCOSUR

In value terms, non-electric roasting furnace production rose to $X in 2022 estimated in export price. Over the period under review, production showed a moderate increase. The growth pace was the most rapid in 2014 with an increase of 94%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports in MERCOSUR

After three years of decline, overseas shipments of non-electric furnaces and ovens for the roasting or melting increased by 500% to X units in 2022. Over the period under review, exports, however, showed a abrupt descent. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports surged to $X in 2022. In general, exports, however, faced a abrupt setback. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, finishing at X units, which was near 91% of total exports in 2022. Colombia (X units), Peru (X units) and Argentina (X units) followed a long way behind the leaders.

Exports from Brazil decreased at an average annual rate of -9.2% from 2012 to 2022. At the same time, Colombia (+1.2%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +1.2% from 2012-2022. By contrast, Argentina (-4.0%) and Peru (-12.9%) illustrated a downward trend over the same period. While the share of Colombia (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest non-electric roasting furnace supplier in MERCOSUR, comprising 98% of total exports. The second position in the ranking was held by Peru ($X), with a 0.5% share of total exports. It was followed by Colombia, with a 0.2% share.

In Brazil, non-electric roasting furnace exports contracted by an average annual rate of -11.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (-23.6% per year) and Colombia (-4.3% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, waning by -33.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 an increase of 243% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 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 Brazil ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-2.6%), while the other leaders experienced a decline in the export price figures.

Non-Electric Roasting Furnace Imports

Imports in MERCOSUR

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting imported in MERCOSUR fell rapidly to X units, waning by -41.3% on 2021 figures. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 246%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, non-electric roasting furnace imports reduced markedly to $X in 2022. Over the period under review, imports showed a deep downturn. The growth pace was the most rapid in 2016 with an increase of 484% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Chile (X units), distantly followed by Brazil (X units), Colombia (X units), Ecuador (X units) and Argentina (X units) represented the main importers of non-electric furnaces and ovens for the roasting or melting, together creating 93% of total imports. Peru (X units) and Venezuela (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +9.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in MERCOSUR, comprising 83% of total imports. The second position in the ranking was held by Argentina ($X), with a 7.3% share of total imports. It was followed by Ecuador, with a 3.3% share.

In Brazil, non-electric roasting furnace imports increased at an average annual rate of +7.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (-2.6% per year) and Ecuador (+4.0% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, growing by 26% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 when the import price increased by 406%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Brazil ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+7.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform