South Africa: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in South Africa

In 2023, after two years of growth, there was significant decline in the South African non-electric industrial furnace market, when its value decreased by X% to $X. Over the period under review, consumption showed a abrupt slump. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Non-Electric Industrial Furnace Production in South Africa

In value terms, non-electric industrial furnace production expanded modestly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Non-Electric Industrial Furnace Exports

Exports from South Africa

In 2023, approx. X units of non-electric industrial or laboratory furnaces and ovens were exported from South Africa; which is down by X% compared with the previous year. In general, exports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, non-electric industrial furnace exports dropped to $X in 2023. Overall, exports, however, saw a notable expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Poland (X units), Zambia (X units) and Democratic Republic of the Congo (X units) were the main destinations of non-electric industrial furnace exports from South Africa, with a combined X% share of total exports. Haiti, Mauritania, Russia, Swaziland, Namibia, Malaysia, Turkey, Botswana, Mozambique and Zimbabwe lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Haiti (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) emerged as the key foreign market for non-electric industrial or laboratory furnaces and ovens exports from South Africa, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports. It was followed by Democratic Republic of the Congo, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

In 2023, the average non-electric industrial furnace export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into South Africa

In 2023, overseas purchases of non-electric industrial or laboratory furnaces and ovens decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, non-electric industrial furnace imports dropped sharply to $X in 2023. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2022 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Thailand (X units), China (X units) and India (X units) were the main suppliers of non-electric industrial furnace imports to South Africa, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), China ($X) and India ($X) were the largest non-electric industrial furnace suppliers to South Africa, together comprising X% of total imports. Thailand lagged somewhat behind, comprising a further X%.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the import price continues to indicate a sharp setback. The most prominent rate of growth was recorded in 2022 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, 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 Italy ($X per unit), while the price for Thailand ($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 prices for the other major suppliers experienced a decline.

Source: IndexBox Platform