Ukraine: Non-Electric Roasting Furnace Market 2024

Non-Electric Roasting Furnace Market Size in Ukraine

The Ukrainian non-electric roasting furnace market expanded to $X in 2022, increasing by 2.8% against the previous year. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.7% against 2020 indices. Non-electric roasting furnace consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Roasting Furnace Production in Ukraine

In value terms, non-electric roasting furnace production rose sharply to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -6.7% against 2020 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 95% against the previous year. Non-electric roasting furnace production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports from Ukraine

In 2022, overseas shipments of non-electric furnaces and ovens for the roasting or melting decreased by 99.9% to less than X units, falling for the third consecutive year after four years of growth. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 475% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports surged to $X in 2022. In general, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of 1,750%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X units), the United States (X units) and Egypt (X units) were the main destinations of non-electric roasting furnace exports from Ukraine, together comprising 75% of total exports. Turkey lagged somewhat behind, comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of -11.5%), while the other leaders experienced a decline.

In value terms, Russia ($X) emerged as the key foreign market for non-electric furnaces and ovens for the roasting or melting exports from Ukraine, comprising 94% of total exports. The second position in the ranking was held by the United States ($X), with a 3.5% share of total exports. It was followed by Turkey, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value to Russia stood at -36.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-95.9% per year) and Turkey (-59.0% per year).

Export Prices by Country

The average non-electric roasting furnace export price stood at $X per unit in 2021, which is down by -87.2% against the previous year. Overall, the export price continues to indicate a precipitous setback. The pace of growth appeared the most rapid in 2016 when the average export price increased by 1,750%. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, 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 Russia ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-27.7%), while the prices for the other major destinations experienced a decline.

Non-Electric Roasting Furnace Imports

Imports into Ukraine

In 2022, non-electric roasting furnace imports into Ukraine reduced markedly to X units, with a decrease of -89.7% compared with the previous year. Over the period under review, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2019 with an increase of 257%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-electric roasting furnace imports fell dramatically to $X in 2022. In general, imports recorded a sharp contraction. The pace of growth was the most pronounced in 2019 when imports increased by 4,808% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Canada (X units) was the main supplier of non-electric roasting furnace to Ukraine, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Canada stood at +14.9%.

In value terms, Canada ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Ukraine.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to +40.3%.

Import Prices by Country

The average non-electric roasting furnace import price stood at $X per unit in 2022, reducing by -33.7% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 1,274%. Over the period under review, average import prices reached the peak figure 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 Canada.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +22.1% per year.

Source: IndexBox Platform

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