Iran: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Iran

The Iranian liquid fuel furnace burner market soared to $X in 2021, growing by 192% 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). Overall, consumption, however, showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Iran

Liquid fuel furnace burner exports from Iran skyrocketed to X tons in 2021, rising by 120% on the year before. Over the period under review, exports recorded a modest increase. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports skyrocketed to $X in 2021. Overall, exports saw a pronounced expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 132% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for liquid fuel furnace burner exports from Iran, with a 44% share of total exports. Moreover, liquid fuel furnace burner exports to Iraq exceeded the volume sent to the second major destination, Georgia (X kg), threefold. The third position in this ranking was taken by Kuwait (X kg), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq amounted to -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+17.8% per year) and Kuwait (+45.6% per year).

In value terms, Georgia ($X), Turkmenistan ($X) and Armenia ($X) appeared to be the largest markets for liquid fuel furnace burner exported from Iran worldwide, together comprising 64% of total exports. These countries were followed by Lebanon, Iraq, Kazakhstan, Kuwait and Afghanistan, which together accounted for a further 33%.

Kuwait, with a CAGR of +41.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average liquid fuel furnace burner export price amounted to $X per ton, picking up by 4.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 37%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Lebanon ($X per ton), while the average price for exports to Kuwait ($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 Lebanon (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Iran

After two years of decline, overseas purchases of furnace burners for liquid fuel increased by 151% to X tons in 2021. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 199%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a abrupt downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of liquid fuel furnace burner to Iran, accounting for a 60% share of total imports. Moreover, liquid fuel furnace burner imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled -18.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+59.2% per year) and Turkey (-21.7% per year).

In value terms, the UK ($X), Italy ($X) and Turkey ($X) were the largest liquid fuel furnace burner suppliers to Iran, with a combined 91% share of total imports.

Among the main suppliers, the UK, with a CAGR of +52.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, picking up by 28% against the previous year. Over the period under review, the import price, however, recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 56% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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