Azerbaijan: Furnace Burner Market 2024

Furnace Burner Market Size in Azerbaijan

The Azerbaijani furnace burner market soared to $X in 2021, surging by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Furnace Burner Exports

Exports from Azerbaijan

Furnace burner exports from Azerbaijan contracted remarkably to X kg in 2021, waning by -90.2% on the previous year. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 13,794%. As a result, the exports reached the peak of X tons, and then declined sharply in the following year.

In value terms, furnace burner exports contracted dramatically to $X in 2021. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 17,337%. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Senegal (X kg), Turkey (X kg) and Georgia (X kg) were the main destinations of furnace burner exports from Azerbaijan, together accounting for 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +1.5%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for furnace burner exported from Azerbaijan were Senegal ($X), Turkey ($X) and Georgia ($X).

Georgia, with a CAGR of +1.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average furnace burner export price amounted to $X per ton, with a decrease of -30.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 58% against the previous year. The export price peaked at $X per ton in 2020, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+38.8%), while the prices for the other major destinations experienced mixed trend patterns.

Furnace Burner Imports

Imports into Azerbaijan

In 2021, approx. X tons of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers were imported into Azerbaijan; picking up by 9.4% on 2020. In general, imports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2015 when imports increased by 344% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, furnace burner imports soared to $X in 2021. Overall, imports, however, showed a mild reduction. The pace of growth was the most pronounced in 2015 with an increase of 325% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X tons) constituted the largest furnace burner supplier to Azerbaijan, with a 34% share of total imports. Moreover, furnace burner imports from Turkey exceeded the figures recorded by the second-largest supplier, Australia (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+51.3% per year) and Italy (-17.6% per year).

In value terms, the largest furnace burner suppliers to Azerbaijan were Italy ($X), Turkey ($X) and Australia ($X), with a combined 67% share of total imports. These countries were followed by Bulgaria, Iran, Russia, Luxembourg, Ukraine, India and China, which together accounted for a further 16%.

Among the main suppliers, Bulgaria, with a CAGR of +62.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average furnace burner import price amounted to $X per ton, jumping by 21% against the previous year. Overall, the import price enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 52% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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