Iran: Furnace Burner Market 2024

Furnace Burner Market Size in Iran

The Iranian furnace burner market dropped to $X in 2021, waning by -4.1% against the previous year. Overall, consumption, however, showed a pronounced decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Furnace Burner Production in Iran

In value terms, furnace burner production fell to $X in 2021 estimated in export price. In general, production continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 74% against the previous year. Furnace burner production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Furnace Burner Exports

Exports from Iran

In 2021, overseas shipments of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers decreased by -22.1% to X tons, falling for the second year in a row after five years of growth. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 83% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, furnace burner exports surged to $X in 2021. In general, exports, however, posted mild growth. The growth pace was the most rapid in 2014 with an increase of 45%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Uzbekistan (X tons), Azerbaijan (X tons) and Armenia (X tons) were the main destinations of furnace burner exports from Iran, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +94.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X), Azerbaijan ($X) and Armenia ($X) appeared to be the largest markets for furnace burner exported from Iran worldwide, together accounting for 83% of total exports.

Among the main countries of destination, Azerbaijan, with a CAGR of +89.8%, saw the highest growth rate of 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

The average furnace burner export price stood at $X per ton in 2021, picking up by 74% against the previous year. Over the period under review, the export price showed a modest expansion. The growth pace was the most rapid in 2020 when the average export price increased by 105%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Georgia ($X per ton), while the average price for exports to Iraq ($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 Italy (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Furnace Burner Imports

Imports into Iran

In 2021, imports of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers into Iran soared to X tons, rising by 143% compared with the previous year's figure. Over the period under review, imports, however, saw a deep contraction. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, furnace burner imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 137% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest furnace burner supplier to Iran, with a 67% share of total imports. Moreover, furnace burner imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), sixfold. Turkey (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +34.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-25.4% per year) and Turkey (-1.5% per year).

In value terms, China ($X) constituted the largest supplier of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers to Iran, comprising 58% of total imports. The second position in the ranking was held by Austria ($X), with a 13% share of total imports. It was followed by Turkey, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +44.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+91.1% per year) and Turkey (+5.6% per year).

Import Prices by Country

The average furnace burner import price stood at $X per ton in 2021, dropping by -29.3% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 an increase of 38% against the previous year. The import price peaked at $X per ton in 2020, and then dropped markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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