EU: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in the EU

In 2023, the EU non-electric industrial furnace market increased by X% to $X, rising for the third consecutive year after five years of decline. Overall, consumption, however, saw a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Non-Electric Industrial Furnace Production in the EU

In value terms, non-electric industrial furnace production declined slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports in the EU

After six years of decline, overseas shipments of non-electric industrial or laboratory furnaces and ovens increased by X% to X units in 2023. Overall, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X units. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, non-electric industrial furnace exports surged to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Italy (X units) represented the largest exporter of non-electric industrial or laboratory furnaces and ovens, constituting X% of total exports. Germany (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%) and Spain (X%). The following exporters - Poland (X units), Portugal (X units) and France (X units) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to non-electric industrial furnace exports from Italy stood at X%. At the same time, Poland (X%), the Netherlands (X%) and France (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Portugal (X%), Spain (X%) and Germany (X%) illustrated a downward trend over the same period. Italy (X p.p.), the Netherlands (X p.p.), Poland (X p.p.), France (X p.p.) and Portugal (X p.p.) significantly strengthened its position in terms of the total exports, while Spain and Germany saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the largest non-electric industrial furnace supplying countries in the European Union were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total exports. Spain, Poland, France and Portugal lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Germany ($X per unit), while Portugal ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports in the EU

In 2023, overseas purchases of non-electric industrial or laboratory furnaces and ovens increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports recorded a temperate increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the immediate term.

In value terms, non-electric industrial furnace imports soared to $X in 2023. Total imports indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the near future.

Imports by Country

The Netherlands represented the key importing country with an import of around X units, which finished at X% of total imports. Poland (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%) and Spain (X%). The following importers - Romania (X units), Portugal (X units), the Czech Republic (X units), Finland (X units), Austria (X units), Croatia (X units) and Italy (X units) - together made up X% of total imports.

The Netherlands was also the fastest-growing in terms of the non-electric industrial or laboratory furnaces and ovens imports, with a CAGR of X% from 2012 to 2023. At the same time, Portugal (X%), Poland (X%), Romania (X%), Austria (X%), the Czech Republic (X%) and Croatia (X%) displayed positive paces of growth. France experienced a relatively flat trend pattern. By contrast, Finland (X%), Spain (X%) and Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Netherlands, Poland, Portugal and Romania increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported non-electric industrial or laboratory furnaces and ovens in the European Union, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by France, with a X% share.

In the Netherlands, non-electric industrial furnace imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Poland (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2023, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2016 to 2023, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform