Middle East: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in the Middle East

The Middle Eastern solid fuel furnace burner market rose markedly to $X in 2021, with an increase of 7.5% against the previous year. Overall, consumption, however, continues to indicate a mild shrinkage. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in the Middle East

In value terms, solid fuel furnace burner production rose rapidly to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. 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 most prominent rate of growth was recorded in 2019 with an increase of 57%. As a result, production attained 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 the Middle East

In 2021, approx. X tons of furnace burners for solid fuel or gas were exported in the Middle East; increasing by 80% compared with 2020 figures. In general, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, solid fuel furnace burner exports totaled $X in 2021. Overall, exports saw strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 74%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the major exporting country with an export of around X tons, which amounted to 56% of total exports. It was distantly followed by Turkey (X tons), constituting a 35% share of total exports. Iran (X tons), Bahrain (X tons) and Oman (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +23.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest solid fuel furnace burner supplier in the Middle East, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Bahrain, with a 9.6% share.

In Turkey, solid fuel furnace burner exports increased at an average annual rate of +9.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+4.6% per year) and Bahrain (+38.3% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, shrinking by -44.4% against the previous year. Overall, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices failed to regain momentum.

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 the Middle East

In 2021, after three years of decline, there was significant growth in purchases abroad of furnace burners for solid fuel or gas, when their volume increased by 46% to X tons. In general, imports recorded a relatively flat trend pattern. 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 expanded notably to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 41%. 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 was the key importer of furnace burners for solid fuel or gas in the Middle East, with the volume of imports reaching X tons, which was approx. 42% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), Oman (X tons) and Iran (X tons), together achieving a 45% share of total imports. The following importers - Saudi Arabia (X tons), Israel (X tons) and Bahrain (X tons) - each reached an 8.5% 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 ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in the Middle East, comprising 48% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by Iran, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey amounted to +4.0%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-1.1% per year) and Iran (+1.4% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, which is down by -24.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 15%. Over the period under review, import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: 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 Saudi Arabia (+6.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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