Vietnam: Non-Electric Roasting Furnace Market 2025

Non-Electric Roasting Furnace Market Size in Vietnam

The Vietnamese non-electric roasting furnace market shrank sharply to $X in 2022, which is down by -45.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a perceptible setback. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Non-Electric Roasting Furnace Exports

Exports from Vietnam

In 2022, approx. X units of non-electric furnaces and ovens for the roasting or melting were exported from Vietnam; with a decrease of -25.8% on the year before. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 581%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric roasting furnace exports plummeted to $X in 2022. Over the period under review, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,670%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X units), the United States (X units) and Iceland (X units) were the main destinations of non-electric roasting furnace exports from Vietnam, with a combined 52% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric roasting furnace exported from Vietnam were Russia ($X), the United States ($X) and Lao People's Democratic Republic ($X), with a combined 96% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +22.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average non-electric roasting furnace export price stood at $X per unit in 2022, dropping by -15.8% against the previous year. Overall, the export price, however, enjoyed a slight increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 642% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average 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 the United States ($X per unit), while the average price for exports to Indonesia ($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 the United States (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Roasting Furnace Imports

Imports into Vietnam

In 2022, non-electric roasting furnace imports into Vietnam fell rapidly to X units, shrinking by -44.9% against 2021 figures. In general, imports saw a noticeable slump. The growth pace was the most rapid in 2017 when imports increased by 491% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, non-electric roasting furnace imports shrank sharply to $X in 2022. Overall, imports continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 771%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Denmark (X units) were the main suppliers of non-electric roasting furnace imports to Vietnam, with a combined 54% share of total imports. India, Japan, South Korea, Spain, the Czech Republic and Germany lagged somewhat behind, together comprising a further 32%.

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 +47.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of non-electric furnaces and ovens for the roasting or melting to Vietnam, comprising 82% of total imports. The second position in the ranking was held by Denmark ($X), with a 4.4% share of total imports. It was followed by Taiwan (Chinese), with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+19.6% per year) and Taiwan (Chinese) (-6.3% per year).

Import Prices by Country

The average non-electric roasting furnace import price stood at $X per unit in 2022, flattening at the previous year. Overall, the import price showed slight growth. The most prominent rate of growth was recorded in 2020 an increase of 103% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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