Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China - 2024
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China (FOB) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China (CIF) - 2022
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China (FOB) - 2022
The average export price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $1,939 per unit in 2022, dropping by -35.1% against the previous year. Overall, the export price showed a deep slump. The growth pace was the most rapid in 2020 when the average export price increased by 103%. The export price peaked at $6,870 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($12,415 per unit), while the average price for exports to the United States ($314 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 South Korea (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China (CIF) - 2022
The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $48,954 per unit in 2022, with an increase of 36% against the previous year. In general, the import price posted a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 124%. The import price peaked in 2022 and is likely to continue growth in years to come.
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 Germany ($218,390 per unit), while the price for Japan ($10,458 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China
In 2022, approx. 32K units of furnaces and ovens; industrial or laboratory induction or dielectrics were exported from China; increasing by 14% compared with 2021. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics skyrocketed to $86M in 2022. The total export value increased at an average annual rate of +6.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 12.6 | 7.0 | 13.4 | 12.4 | -0.5% |
| Mexico | 0.4 | 1.1 | 2.8 | 9.1 | 183.4% |
| Japan | 4.6 | 4.1 | 4.4 | 7.5 | 17.7% |
| Indonesia | 3.0 | 1.3 | 1.6 | 6.7 | 30.7% |
| Pakistan | 0.2 | 0.3 | 2.2 | 5.4 | 200.0% |
| Malaysia | 4.4 | 3.8 | 1.4 | 4.0 | -3.1% |
| United States | 3.1 | 2.1 | 3.6 | 3.8 | 7.0% |
| Russia | 1.1 | 3.3 | 3.2 | 3.5 | 47.1% |
| India | 6.2 | 3.0 | 5.5 | 2.9 | -22.4% |
| South Korea | 1.3 | 1.5 | 2.6 | 2.4 | 22.7% |
| Italy | 0.4 | 0.2 | 0.3 | 1.4 | 51.8% |
| Germany | 1.0 | 0.3 | 0.2 | 0.5 | -20.6% |
| Canada | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| Others | 33.7 | 40.7 | 33.8 | 26.3 | -7.9% |
| Total | 72.4 | 68.9 | 75.1 | 86.4 | 6.1% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from China in 2022:
- United States (12.2K units)
- Japan (2.0K units)
- Malaysia (1.7K units)
- Pakistan (1.4K units)
- Vietnam (1.2K units)
- Canada (0.8K units)
- Italy (0.8K units)
- India (0.8K units)
- South Korea (0.8K units)
- Russia (0.8K units)
- Mexico (0.7K units)
- Indonesia (0.6K units)
- Germany (0.6K units)
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China
In 2022, approx. 1.8K units of furnaces and ovens; industrial or laboratory induction or dielectrics were imported into China; dropping by -36.9% against 2021 figures. Overall, imports faced a dramatic shrinkage. Imports peaked at 9.5K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics totaled $85M in 2022. In general, imports showed a abrupt decrease. Imports peaked at $110M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.8 | 35.9 | 29.2 | 35.2 | 17.3% |
| United States | 34.1 | 15.1 | 12.1 | 19.7 | -16.7% |
| Italy | 11.1 | 5.4 | 8.5 | 6.9 | -14.7% |
| Austria | 6.5 | 5.9 | 5.6 | 4.9 | -9.0% |
| Japan | 22.9 | 16.4 | 6.2 | 4.6 | -41.4% |
| Poland | 4.7 | 4.4 | 6.3 | 2.1 | -23.6% |
| Sweden | 1.2 | 1.7 | 1.4 | 2.1 | 20.5% |
| France | 0.7 | 0.1 | 4.5 | 0.1 | -47.7% |
| Others | 7.1 | 7.6 | 9.0 | 9.1 | 8.6% |
| Total | 110 | 92.3 | 82.7 | 84.8 | -8.3% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to China in 2022:
- United States (569.0 units)
- Japan (442.0 units)
- Austria (206.0 units)
- Germany (161.0 units)
- Italy (98.0 units)
- Sweden (93.0 units)
- Poland (61.0 units)
- France (13.0 units)
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