HS Code:
The category of Industrial or Laboratory Furnaces and Ovens, including Incinerators, Nonelectric, and Parts Thereof (HS Code: 8417) encompasses a wide range of equipment used for industrial processes such as heating, drying, and incineration. These products are critical in industries like manufacturing, metallurgy, ceramics, and waste management. Nonelectric furnaces and ovens operate using alternative heat sources such as gas or oil, distinguishing them from electric counterparts. This category also includes parts and accessories essential for the maintenance and operation of such equipment. Global trade in this category reflects industrial activity and environmental regulations driving demand for efficient and eco-friendly incineration and heating solutions.
Total Trade Volume
USD 2.5 billion
Data from 2022
Source
United Nations Comtrade Database
USD 450 million
18% of total trade of total trade
Increasing
USD 400 million
16% of total trade of total trade
Increasing
USD 350 million
14% of total trade of total trade
Stable
USD 300 million
12% of total trade of total trade
Stable
USD 250 million
10% of total trade of total trade
Decreasing
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for energy-efficient furnaces
Manufacturers are investing in R&D to develop gas and oil-based furnaces with lower emissions, driving market growth in regions with strict environmental regulations.
2021-2023
Increased focus on waste-to-energy solutions
Growing adoption of nonelectric incinerators for waste management in developing countries, boosting trade volumes in Asia and Africa.
2020-2022
Shift towards automation and IoT integration
Demand for smart components and parts for furnaces and ovens is increasing, influencing trade patterns towards technologically advanced exporters like Germany and Japan.
2022-2023
The European Union's Green Deal has introduced stricter emission standards for industrial furnaces and incinerators, influencing exporters to adapt to eco-friendly designs.
January 2023
Increased costs for manufacturers but also opened opportunities for innovation-driven companies in the EU market.
China has ramped up production and export of cost-competitive nonelectric furnaces, targeting emerging markets in Southeast Asia and Africa.
March 2022
Intensified competition for traditional exporters like Germany and Italy, potentially lowering global prices.
The United States revised tariffs on certain industrial equipment categories, including parts for nonelectric ovens, to support domestic production.
July 2022
Slight reduction in imports from China, with a shift towards suppliers in Mexico and Canada under USMCA.