Report Update Nov 1, 2024

Sri Lanka - Non-Electric Industrial or Laboratory Furnaces and Ovens - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Exports

Exports from Sri Lanka

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported from Sri Lanka reduced notably to X units, dropping by -98.6% on the year before. Over the period under review, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 346% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports contracted remarkably to $X in 2022. In general, exports saw a significant contraction. The pace of growth appeared the most rapid in 2014 with an increase of 227% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units) was the main destination for non-electric industrial furnace exports from Sri Lanka, with a 100% share of total exports. Moreover, non-electric industrial furnace exports to India exceeded the volume sent to the second major destination, Mali (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at -17.3%.

In value terms, India ($X) emerged as the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Sri Lanka, comprising 81% of total exports. The second position in the ranking was held by Mali ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled -17.6%.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, with an increase of 138% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mali ($X per unit), while the average price for exports to India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Sri Lanka

In 2022, non-electric industrial furnace imports into Sri Lanka skyrocketed to X units, with an increase of 60% against the previous year. In general, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by 167% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, non-electric industrial furnace imports skyrocketed to $X in 2022. Overall, imports continue to indicate a prominent increase. The growth pace was the most rapid in 2021 when imports increased by 406% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The UK (X units), China (X units) and Germany (X units) were the main suppliers of non-electric industrial furnace imports to Sri Lanka, together accounting for 90% of total imports.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +70.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest non-electric industrial furnace suppliers to Sri Lanka were the UK ($X), China ($X) and Germany ($X), with a combined 90% share of total imports.

The UK, with a CAGR of +73.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-electric industrial furnace import price amounted to $X per unit, rising by 9.9% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electric industrial furnace import price increased by +108.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 90% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per unit) and the United States ($X per unit), while the price for Canada ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for non-electric industrial or laboratory furnaces and ovens in the world?

The countries with the highest volumes of in 2021 were Indonesia, China and France, together comprising 50% of global consumption.

What are the largest producers of non-electric industrial or laboratory furnaces and ovens in the world?

China remains the largest non-electric industrial furnace producing country worldwide, comprising approx. 34% of total volume. Moreover, non-electric industrial furnace production in China exceeded the figures recorded by the second-largest producer, France, threefold. India ranked third in terms of total production with an 8.9% share.

What are the leading suppliers of non-electric industrial or laboratory furnaces and ovens to Sri Lanka?

In value terms, China constituted the largest supplier of non-electric industrial furnace to Sri Lanka, comprising 42% of total imports. The second position in the ranking was occupied by the Netherlands, with a 16% share of total imports.

What are the leading importers of non-electric industrial or laboratory furnaces and ovens from Sri Lanka?

In value terms, India remains the key foreign market for non-electric industrial furnace exports from Sri Lanka, comprising 73% of total exports. The second position in the ranking was occupied by Singapore, with a 15% share of total exports.

What is the average export price for non-electric industrial or laboratory furnaces and ovens in Sri Lanka?

In 2021, the average non-electric industrial furnace export price amounted to $11,983 per unit, growing by 25% against the previous year.

What is the average import price for non-electric industrial or laboratory furnaces and ovens in Sri Lanka?

In 2021, the average non-electric industrial furnace import price amounted to $4,166 per unit, rising by 15% against the previous year.

This report provides an in-depth analysis of the non-electric industrial furnace market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28211270 - Industrial or laboratory furnaces and ovens, non-electric, i ncluding incinerators (excluding those for the roasting, m elting or other heat treatment of ores, pyrites or metals, b akery ovens, drying ovens and ovens for cracking operations)

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023