Portugal: Non-Electric Industrial Furnace Market 2025

Non-Electric Industrial Furnace Market Size in Portugal

In 2022, the Portuguese non-electric industrial furnace market decreased by -82.6% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption continues to indicate a dramatic setback. Non-electric industrial furnace consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Non-Electric Industrial Furnace Production in Portugal

In value terms, non-electric industrial furnace production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 13%. Non-electric industrial furnace production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Electric Industrial Furnace Exports

Exports from Portugal

In 2022, after two years of growth, there was significant decline in shipments abroad of non-electric industrial or laboratory furnaces and ovens, when their volume decreased by -42.1% to X units. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 529%. As a result, the exports reached the peak of X units, and then shrank remarkably in the following year.

In value terms, non-electric industrial furnace exports declined remarkably to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 378% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units), France (X units) and Bulgaria (X units) were the main destinations of non-electric industrial furnace exports from Portugal, together accounting for 70% of total exports. The United States, Spain, Mozambique, Argentina, Poland, New Zealand and Algeria lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by New Zealand (with a CAGR of +134.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric industrial furnace exported from Portugal were France ($X), India ($X) and Poland ($X), together comprising 69% of total exports. These countries were followed by Spain, the United States, Bulgaria, Mozambique, Argentina, New Zealand and Algeria, which together accounted for a further 18%.

New Zealand, with a CAGR of +37.6%, recorded the highest rates of growth with regard to the value of exports, among 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

The average non-electric industrial furnace export price stood at $X per unit in 2022, picking up by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 45% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+37.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Portugal

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens imported into Portugal reduced sharply to X units, shrinking by -30.8% on 2021. Overall, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 431% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric industrial furnace imports skyrocketed to $X in 2022. In general, imports, however, posted a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 218%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest non-electric industrial furnace supplier to Portugal, with a 84% share of total imports. Moreover, non-electric industrial furnace imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-23.2% per year) and Germany (-22.3% per year).

In value terms, Italy ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Portugal, comprising 80% of total imports. The second position in the ranking was held by Spain ($X), with a 19% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-4.0% per year) and Germany (-9.1% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, growing by 83% against the previous year. Over the period under review, the import price showed significant growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 891%. The import price 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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