Portugal: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in Portugal

The Portuguese non-electric industrial furnace market rose sharply to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed strong growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Industrial Furnace Production in Portugal

In value terms, non-electric industrial furnace production contracted to $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Non-Electric Industrial Furnace Exports

Exports from Portugal

In 2022, overseas shipments of non-electric industrial or laboratory furnaces and ovens decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then plummeted in the following year.

In value terms, non-electric industrial furnace exports plummeted to $X in 2022. In general, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units), France (X units) and Bulgaria (X units) were the main destinations of non-electric industrial furnace exports from Portugal, with a combined X% share of total exports. The United States, Angola, Spain, Mozambique, Argentina, Poland, Turkey, New Zealand, Switzerland and Algeria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electric industrial furnace exported from Portugal were France ($X), India ($X) and Angola ($X), with a combined X% share of total exports. Spain, Poland, the United States, Bulgaria, Mozambique, Turkey, Switzerland, Argentina, New Zealand and Algeria lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Switzerland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-electric industrial furnace export price amounted to $X per unit, growing by X% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. The export price peaked at $X per unit in 2014; however, from 2015 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 Poland ($X per unit), while the average price for exports to Algeria ($X 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 Switzerland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electric Industrial Furnace Imports

Imports into Portugal

In 2022, overseas purchases of non-electric industrial or laboratory furnaces and ovens increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports saw a strong expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, non-electric industrial furnace imports surged to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of non-electric industrial furnace to Portugal, accounting for a X% share of total imports. Moreover, non-electric industrial furnace imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Italy stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, Italy ($X) constituted the largest supplier of non-electric industrial or laboratory furnaces and ovens to Portugal, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

Import Prices by Country

The average non-electric industrial furnace import price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price saw a slight curtailment. The growth pace was the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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