U.S.: Market for Industrial Process Furnaces And Ovens 2025

Market Size for Industrial Process Furnaces And Ovens in the U.S.

The U.S. market for industrial process furnaces and ovens contracted modestly to $X in 2021, with a decrease of -1.6% against the previous year. Overall, the total consumption indicated resilient growth from 2013 to 2021: its value increased at an average annual rate of +9.1% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.8% against 2016 indices. Industrial process furnace and oven consumption peaked at $X in 2020, and then fell in the following year.

Production of Industrial Process Furnaces And Ovens in the U.S.

In value terms, industrial process furnace and oven production dropped slightly to $X in 2021. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 3.2%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Industrial Process Furnaces And Ovens

Exports from the U.S.

In 2021, the amount of industrial process furnaces and ovens exported from the United States rose markedly to X tons, increasing by 13% on the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2015 when exports increased by 65%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, industrial process furnace and oven exports surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Japan (X tons) were the main destinations of industrial process furnace and oven exports from the United States, together accounting for 46% of total exports. These countries were followed by China, Colombia, Germany, Australia, Taiwan (Chinese), Malaysia, India, the UK, South Korea and Singapore, which together accounted for a further 32%.

From 2013 to 2021, the biggest increases were recorded for Colombia (with a CAGR of -2.0%), while shipments for the other leaders experienced a decline.

In value terms, Japan ($X), Canada ($X) and Mexico ($X) appeared to be the largest markets for industrial process furnace and oven exported from the United States worldwide, with a combined 45% share of total exports.

Japan, with a CAGR of +22.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for industrial process furnaces and ovens stood at $X per ton in 2021, surging by 8.3% against the previous year. Overall, the export price saw a significant increase. The growth pace was the most rapid in 2020 an increase of 356% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Process Furnaces And Ovens

Imports into the U.S.

In 2021, overseas purchases of industrial process furnaces and ovens decreased by -0.1% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.9% from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 29% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, industrial process furnace and oven imports stood at $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2013 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Mexico (X tons), China (X tons) and Germany (X tons) were the main suppliers of industrial process furnace and oven imports to the United States, together comprising 42% of total imports. These countries were followed by Italy, India, Canada, Colombia, Japan, South Korea, Malaysia, Spain, Brazil and the UK, which together accounted for a further 47%.

From 2013 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +177.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest industrial process furnace and oven suppliers to the United States were Germany ($X), Japan ($X) and Italy ($X), with a combined 44% share of total imports. Canada, Mexico, China, the UK, Spain, South Korea, Brazil, India, Malaysia and Colombia lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Colombia, with a CAGR of +119.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for industrial process furnaces and ovens stood at $X per ton in 2021, remaining stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 27%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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