Central Asia: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in Central Asia

The Central Asian solid fuel furnace burner market rose remarkably to $X in 2021, picking up by 12% against the previous year. Over the period under review, consumption showed a perceptible setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Central Asia

In value terms, solid fuel furnace burner production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the production volume increased by 114% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Central Asia

In 2021, solid fuel furnace burner exports in Central Asia soared to X tons, picking up by 58% on the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 905%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, solid fuel furnace burner exports amounted to $X in 2021. In general, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,062% against the previous year. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

In 2021, Kazakhstan (X tons) represented the major exporter of furnace burners for solid fuel or gas, mixing up 66% of total exports. It was distantly followed by Uzbekistan (X tons), generating a 31% share of total exports. Kyrgyzstan (X kg) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to solid fuel furnace burner exports from Kazakhstan stood at +25.6%. At the same time, Uzbekistan (+240.2%) and Kyrgyzstan (+11.1%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +240.2% from 2012-2021. Uzbekistan (+31 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan and Kazakhstan saw its share reduced by -8.1% and -22.8% from 2012 to 2021, respectively.

In value terms, Kazakhstan ($X) remains the largest solid fuel furnace burner supplier in Central Asia, comprising 85% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan stood at +19.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (+55.0% per year) and Kyrgyzstan (-8.0% per year).

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, with a decrease of -30.8% against the previous year. In general, the export price showed a deep reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by 45% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-5.0%), while the other leaders experienced a decline in the export price figures.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in Central Asia

In 2021, supplies from abroad of furnace burners for solid fuel or gas decreased by -45.8% to X tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a pronounced curtailment. The growth pace was the most rapid in 2013 when imports increased by 70% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, solid fuel furnace burner imports expanded rapidly to $X in 2021. Over the period under review, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of 69%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Kazakhstan was the main importing country with an import of about X tons, which reached 73% of total imports. It was distantly followed by Uzbekistan (X tons) and Turkmenistan (X tons), together creating a 23% share of total imports. Kyrgyzstan (X tons) took a minor share of total imports.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of imports of furnace burners for solid fuel or gas. At the same time, Kyrgyzstan (+30.2%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +30.2% from 2012-2021. By contrast, Uzbekistan (-6.5%) and Turkmenistan (-19.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan, Uzbekistan and Kyrgyzstan increased by +16, +15 and +2.7 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in Central Asia, comprising 68% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 24% share of total imports. It was followed by Turkmenistan, with a 5.8% share.

In Kazakhstan, solid fuel furnace burner imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+7.9% per year) and Turkmenistan (-21.8% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, growing by 100% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+15.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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