Southern Asia: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Southern Asia

The South Asian non-electric roasting furnace market skyrocketed to $X in 2022, jumping by 78% against the previous year. Overall, consumption continues to indicate resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Non-Electric Roasting Furnace Production in Southern Asia

In value terms, non-electric roasting furnace production rose sharply to $X in 2022 estimated in export price. Overall, production saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 217% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Roasting Furnace Exports

Exports in Southern Asia

For the third year in a row, Southern Asia recorded growth in overseas shipments of non-electric furnaces and ovens for the roasting or melting, which increased by 62% to X units in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 564%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports skyrocketed to $X in 2022. In general, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of non-electric furnaces and ovens for the roasting or melting, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the non-electric furnaces and ovens for the roasting or melting exports, with a CAGR of +22.6% from 2012 to 2022. From 2012 to 2022, the share of India increased by +15 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest non-electric roasting furnace supplier in Southern Asia.

In India, non-electric roasting furnace exports increased at an average annual rate of +9.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, shrinking by -5.9% against the previous year. Over the period under review, the export price recorded a deep slump. The growth pace was the most rapid in 2014 an increase of 561%. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -10.7% per year.

Non-Electric Roasting Furnace Imports

Imports in Southern Asia

For the third consecutive year, Southern Asia recorded growth in purchases abroad of non-electric furnaces and ovens for the roasting or melting, which increased by 80% to X units in 2022. In general, imports showed resilient growth. The pace of growth appeared the most rapid in 2015 when imports increased by 144% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, non-electric roasting furnace imports surged to $X in 2022. Over the period under review, imports, however, saw a mild contraction. The growth pace was the most rapid in 2018 with an increase of 72% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

India was the key importer of non-electric furnaces and ovens for the roasting or melting in Southern Asia, with the volume of imports reaching X units, which was approx. 47% of total imports in 2022. Pakistan (X units) held a 28% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (16%) and Nepal (4.7%). Bangladesh (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +43.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric roasting furnace importing markets in Southern Asia were India ($X), Pakistan ($X) and Bangladesh ($X), together accounting for 94% of total imports. Nepal and Sri Lanka lagged somewhat behind, together comprising a further 5%.

Nepal, with a CAGR of +29.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, falling by -10.8% against the previous year. Over the period under review, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2017 when the import price increased by 162%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+11.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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