MENA: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in MENA

In 2021, the MENA's solid fuel furnace burner market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a pronounced decline. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in MENA

In value terms, solid fuel furnace burner production rose sharply to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.9% against 2019 indices. The growth pace was the most rapid in 2019 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in MENA

In 2021, approx. X tons of furnace burners for solid fuel or gas were exported in MENA; picking up by 82% compared with the previous year's figure. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, solid fuel furnace burner exports amounted to $X in 2021. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 74%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X tons) was the major exporter of furnace burners for solid fuel or gas, committing 55% of total exports. It was distantly followed by Turkey (X tons), making up a 35% share of total exports. The following exporters - Iran (X tons), Bahrain (X tons) and Oman (X tons) - together made up 8% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of +23.8%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest solid fuel furnace burner supplier in MENA, comprising 65% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Bahrain, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +9.2%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+4.6% per year) and Bahrain (+38.3% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, shrinking by -44.4% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2014 an increase of 27%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Bahrain ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+25.1%), while the other leaders experienced a decline in the export price figures.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in MENA

In 2021, purchases abroad of furnace burners for solid fuel or gas was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a mild setback. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, solid fuel furnace burner imports rose significantly to $X in 2021. Overall, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2017 when imports increased by 34% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey represented the main importer of furnace burners for solid fuel or gas in MENA, with the volume of imports finishing at X tons, which was near 37% of total imports in 2021. The United Arab Emirates (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Oman (13%) and Iran (6.2%). Algeria (X tons), Egypt (X tons), Saudi Arabia (X tons), Israel (X tons), Bahrain (X tons) and Libya (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bahrain (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in MENA, comprising 40% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total imports. It was followed by Iran, with an 8.5% share.

In Turkey, solid fuel furnace burner imports increased at an average annual rate of +4.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-1.1% per year) and Iran (+1.4% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, shrinking by -20.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Libya (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform