Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia - 2024

Contents:

1. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia (CIF) - 2022
2. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia (FOB) - 2022
3. Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia
4. Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia (CIF) - 2022

The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $1,620 per unit in 2022, with an increase of 127% against the previous year. In general, the import price posted buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($9,974 per unit), while the price for China ($355 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+52.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia (FOB) - 2022

In 2022, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $17,986 per unit, growing by 333% against the previous year. In general, the export price recorded modest growth. The most prominent rate of growth was recorded in 2017 an increase of 1,028%. Over the period under review, the average export prices hit record highs at $41,368 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($67,905 per unit), while the average price for exports to Senegal ($92 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 Indonesia (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia

In 2022, overseas purchases of furnaces and ovens; industrial or laboratory induction or dielectrics decreased by -19.7% to 6.6K units, falling for the second year in a row after two years of growth. Overall, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -36.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 75%. As a result, imports reached the peak of 10K units. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics skyrocketed to $10M in 2022. Over the period under review, imports, however, showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Australia in 2022:

1. China (2929.0 units)
2. Sweden (2084.0 units)
3. United States (719.0 units)
4. Vietnam (341.0 units)
5. United Kingdom (276.0 units)
6. Germany (131.0 units)

Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Australia

In 2022, the amount of furnaces and ovens; industrial or laboratory induction or dielectrics exported from Australia skyrocketed to 244 units, picking up by 137% compared with 2021. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics skyrocketed to $3.4M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Australia in 2022:

1. Thailand (43.0 units)
2. Poland (33.0 units)
3. United Arab Emirates (24.0 units)
4. Senegal (24.0 units)
5. New Zealand (20.0 units)
6. Belgium (18.0 units)
7. Papua New Guinea (12.0 units)
8. Malaysia (11.0 units)
9. Saudi Arabia (7.0 units)
10. United States (7.0 units)
11. Solomon Islands (5.0 units)
12. Indonesia (5.0 units)
13. Fiji (5.0 units)

Source: IndexBox Market Intelligence Platform