Kenya: Furnace Burner Market 2024

Furnace Burner Market Size in Kenya

The Kenyan furnace burner market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, recorded a pronounced decline. Furnace burner consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Furnace Burner Production in Kenya

In value terms, furnace burner production expanded to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Furnace Burner Exports

Exports from Kenya

In 2021, overseas shipments of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers increased by 47% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 728% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, furnace burner exports surged to $X in 2021. Overall, exports showed a temperate increase. The growth pace was the most rapid in 2020 when exports increased by 921%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Tanzania (X tons), Uganda (X tons) and Rwanda (X tons) were the main destinations of furnace burner exports from Kenya, with a combined 80% share of total exports. Ethiopia, Somalia, Democratic Republic of the Congo and India lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Ethiopia (with a CAGR of +66.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) remains the key foreign market for furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exports from Kenya, comprising 77% of total exports. The second position in the ranking was taken by Uganda ($X), with an 8.1% share of total exports. It was followed by Somalia, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Tanzania amounted to +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+3.2% per year) and Somalia (+7.7% per year).

Export Prices by Country

The average furnace burner export price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Rwanda ($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 India (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Furnace Burner Imports

Imports into Kenya

In 2021, supplies from abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 71%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, furnace burner imports soared to $X in 2021. Over the period under review, imports, however, showed a abrupt descent. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and Australia (X tons) were the main suppliers of furnace burner imports to Kenya, together accounting for 82% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of +1.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest furnace burner suppliers to Kenya were India ($X), Germany ($X) and China ($X), with a combined 49% share of total imports. The UK, Australia, Italy, Mozambique, South Africa, Turkey and Iran lagged somewhat behind, together comprising a further 27%.

Australia, with a CAGR of +2.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average furnace burner import price stood at $X per ton in 2021, growing by 50% against the previous year. Overall, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, furnace burner import price increased by +56.2% against 2019 indices. The growth pace was the most rapid in 2015 when the average import price increased by 58% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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