Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Belgium - 2023

Contents:

1. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Belgium (CIF) - 2023
2. Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Belgium (FOB) - 2022
3. Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Belgium
4. Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Belgium

Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Belgium (CIF) - 2023

In December 2023, the average import price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $536 per unit, rising by 101% against the previous month. Over the period under review, the import price enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Germany ($654 per unit), while the price for China ($71.6 per unit) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (-0.1%), while the prices for the other major suppliers experienced a decline.

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

The average export price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $374 per unit in 2022, which is down by -17.9% against the previous year. Overall, the export price, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2017 an increase of 171% against the previous year. As a result, the export price reached the peak level of $699 per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($798 per unit), while the average price for exports to Germany ($159 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 Ireland (+66.7%), 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 Belgium

In 2022, purchases abroad of furnaces and ovens; industrial or laboratory induction or dielectrics decreased by -3.1% to 24K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 54%. Imports peaked at 24K units in 2021, and then fell slightly in the following year.

In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics skyrocketed to $9.9M in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 120%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

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

1. United States (6.2K units)
2. China (5.3K units)
3. Netherlands (4.8K units)
4. Germany (3.7K units)
5. Italy (1.8K units)
6. Taiwan (Chinese) (1.1K units)

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

For the fourth year in a row, Belgium recorded growth in shipments abroad of furnaces and ovens; industrial or laboratory induction or dielectrics, which increased by 11% to 24K units in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 390% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics fell to $9M in 2022. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 233%. Over the period under review, the exports of reached the maximum at $10M in 2021, and then dropped in the following year.

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

1. Germany (5.1K units)
2. France (4.7K units)
3. Czech Republic (4.2K units)
4. Spain (1.9K units)
5. Italy (1.4K units)
6. Finland (1.1K units)
7. Ireland (1.1K units)
8. Netherlands (1.0K units)
9. Poland (0.6K units)
10. Russia (0.6K units)
11. United Kingdom (0.5K units)
12. Lithuania (0.4K units)
13. Latvia (0.1K units)

Source: IndexBox Market Intelligence Platform