South-Eastern Asia: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in South-Eastern Asia

The Southeast Asian non-electric roasting furnace market rose notably to $X in 2022, picking up by 5.6% against the previous year. In general, consumption continues to indicate buoyant growth. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Electric Roasting Furnace Production in South-Eastern Asia

In value terms, non-electric roasting furnace production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 126% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports in South-Eastern Asia

In 2022, the amount of non-electric furnaces and ovens for the roasting or melting exported in South-Eastern Asia declined rapidly to X units, with a decrease of -32.4% against the previous year. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 163% against the previous year. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, non-electric roasting furnace exports soared to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 128%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Thailand (X units) and Singapore (X units) prevails in exports structure, together achieving 93% of total exports. The following exporters - Indonesia (X units) and Malaysia (X units) - each reached a 5.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +33.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric roasting furnace supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Singapore ($X), together accounting for 89% of total exports.

Indonesia, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, with an increase of 116% against the previous year. Over the period under review, the export price, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when the export price increased by 360% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Indonesia ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.0%), while the other leaders experienced mixed trends in the export price figures.

Non-Electric Roasting Furnace Imports

Imports in South-Eastern Asia

Non-electric roasting furnace imports surged to X units in 2022, rising by 17% on 2021 figures. Overall, imports showed a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 141%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, non-electric roasting furnace imports skyrocketed to $X in 2022. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 123%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Indonesia (X units) and the Philippines (X units) prevails in imports structure, together creating 88% of total imports. It was distantly followed by Thailand (X units), comprising a 5.3% share of total imports. The following importers - Vietnam (X units) and Malaysia (X units) - each recorded a 5.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +21.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported non-electric furnaces and ovens for the roasting or melting in South-Eastern Asia, comprising 75% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total imports. It was followed by Malaysia, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value in Indonesia stood at +25.5%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (-1.5% per year) and Malaysia (+3.3% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, growing by 7.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 185% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the 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 Vietnam ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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