Northern America: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Northern America

In 2022, the North American non-electric roasting furnace market increased by 26% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a mild slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Non-Electric Roasting Furnace Production in Northern America

In value terms, non-electric roasting furnace production shrank to $X in 2022 estimated in export price. Overall, production showed a deep slump. The growth pace was the most rapid in 2021 when the production volume increased by 31%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports in Northern America

In 2022, overseas shipments of non-electric furnaces and ovens for the roasting or melting increased by 20% to X units, rising for the second year in a row after two years of decline. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 72% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports soared to $X in 2022. Over the period under review, exports, however, showed a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of 57%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States represented the largest exporter of non-electric furnaces and ovens for the roasting or melting in Northern America, with the volume of exports finishing at X units, which was near 83% of total exports in 2022. It was distantly followed by Canada (X units), mixing up a 17% share of total exports.

Exports from the United States increased at an average annual rate of +1.4% from 2012 to 2022. At the same time, Canada (+2.7%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +2.7% from 2012-2022. From 2012 to 2022, the share of Canada increased by +1.7 percentage points.

In value terms, the United States ($X) remains the largest non-electric roasting furnace supplier in Northern America, comprising 80% of total exports. The second position in the ranking was held by Canada ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at -1.5%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, picking up by 25% against the previous year. Overall, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2014 an increase of 44%. 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.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-1.8%).

Non-Electric Roasting Furnace Imports

Imports in Northern America

Non-electric roasting furnace imports soared to X units in 2022, picking up by 55% compared with 2021 figures. Overall, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electric roasting furnace imports reached $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 43% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) represented the largest importer of non-electric furnaces and ovens for the roasting or melting, mixing up 85% of total imports. It was distantly followed by Canada (X units), achieving a 15% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to non-electric roasting furnace imports into the United States stood at +9.3%. At the same time, Canada (+29.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +29.2% from 2012-2022. From 2012 to 2022, the share of Canada increased by +12 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in Northern America, comprising 84% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.

In the United States, non-electric roasting furnace imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, declining by -34.9% against the previous year. In general, the import price showed a deep setback. The pace of growth appeared the most rapid in 2013 when the import price increased by 80%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-8.9%).

Source: IndexBox Platform

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