Ukraine: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Ukraine

The Ukrainian non-electric industrial furnace market declined to $X in 2022, reducing by -12.2% against the previous year. Overall, consumption, however, saw a abrupt decline. Non-electric industrial furnace consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in Ukraine

In value terms, non-electric industrial furnace production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The growth pace was the most rapid in 2016 when the production volume increased by 105%. Non-electric industrial furnace production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports from Ukraine

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported from Ukraine reduced remarkably to X units, falling by -56.3% on the year before. Over the period under review, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 86% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports declined remarkably to $X in 2022. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 79%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X units), Latvia (X units) and Spain (X units) were the main destinations of non-electric industrial furnace exports from Ukraine, together accounting for 63% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +23.6%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) emerged as the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from Ukraine, comprising 55% of total exports. The second position in the ranking was held by Poland ($X), with a 9.1% share of total exports. It was followed by Latvia, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-18.0% per year) and Latvia (+13.3% per year).

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, jumping by 56% against the previous year. Over the period under review, the export price enjoyed moderate growth. The pace of growth appeared the most rapid in 2018 an increase of 58% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Ukraine

Non-electric industrial furnace imports into Ukraine shrank significantly to X units in 2022, reducing by -15.7% against 2021. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of 199% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electric industrial furnace imports dropped notably to $X in 2022. In general, imports saw a deep reduction. The growth pace was the most rapid in 2018 with an increase of 226% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Lithuania (X units), Italy (X units) and India (X units) were the main suppliers of non-electric industrial furnace imports to Ukraine, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +54.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Lithuania ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Ukraine, comprising 75% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by India, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Lithuania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-15.7% per year) and India (+63.2% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, dropping by -33.2% against the previous year. Overall, the import price, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2020 when the average import price increased by 184%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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