Scandinavia: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Scandinavia

The Scandinavia non-electric roasting furnace market fell remarkably to $X in 2022, with a decrease of -32.9% against the previous year. In general, consumption, however, recorded a buoyant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Non-Electric Roasting Furnace Production in Scandinavia

In value terms, non-electric roasting furnace production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 154%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports in Scandinavia

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting exported in Scandinavia expanded significantly to X units, picking up by 13% against the previous year's figure. Overall, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when exports increased by 154%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, non-electric roasting furnace exports reduced notably to $X in 2022. In general, exports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2017 when exports increased by 232%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden was the largest exporting country with an export of around X units, which accounted for 70% of total exports. Norway (X units) ranks second in terms of the total exports with a 19% share, followed by Finland (10%).

Sweden was also the fastest-growing in terms of the non-electric furnaces and ovens for the roasting or melting exports, with a CAGR of +6.3% from 2012 to 2022. Norway (-6.2%) and Finland (-15.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +40 percentage points.

In value terms, Sweden ($X) remains the largest non-electric roasting furnace supplier in Scandinavia, comprising 80% of total exports. The second position in the ranking was taken by Finland ($X), with a 19% share of total exports.

In Sweden, non-electric roasting furnace exports shrank by an average annual rate of -5.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-17.3% per year) and Norway (-22.6% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, declining by -42.2% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 212% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 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 Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-2.7%), while the other leaders experienced a decline in the export price figures.

Non-Electric Roasting Furnace Imports

Imports in Scandinavia

Non-electric roasting furnace imports fell rapidly to X units in 2022, declining by -77.7% on 2021. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 3,037%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric roasting furnace imports reduced sharply to $X in 2022. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 154%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of non-electric roasting furnace imports in 2022 were Norway (X units), together reaching 100% of total import.

Norway was also the fastest-growing in terms of the non-electric furnaces and ovens for the roasting or melting imports, with a CAGR of +16.0% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in Scandinavia.

From 2012 to 2022, the average annual rate of growth in terms of value in Norway stood at +29.9%.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, growing by 17% against the previous year. Over the period under review, the import price, however, faced a precipitous curtailment. The growth pace was the most rapid in 2016 when the import price increased by 597%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +12.0% per year.

Source: IndexBox Platform