Middle East: Furnace Burner Market 2024

Furnace Burner Market Size in the Middle East

The Middle Eastern furnace burner market was estimated at $X in 2021, rising by 1.7% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Furnace Burner Production in the Middle East

In value terms, furnace burner production contracted slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 60% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Furnace Burner Exports

Exports in the Middle East

In 2021, the amount of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exported in the Middle East skyrocketed to X tons, increasing by 125% compared with 2020. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, furnace burner exports surged to $X in 2021. In general, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey was the key exporting country with an export of about X tons, which resulted at 60% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a 33% share of total exports. Bahrain (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest furnace burner supplier in the Middle East, comprising 68% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 21% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +14.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+7.5% per year) and Bahrain (+39.5% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per ton, falling by -18.1% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 22%. As a result, the export price attained the peak level of $X per ton, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+26.6%), while the other leaders experienced a decline in the export price figures.

Furnace Burner Imports

Imports in the Middle East

In 2021, purchases abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a perceptible reduction. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, furnace burner imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey was the main importer of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in the Middle East, with the volume of imports recording X tons, which was near 52% of total imports in 2021. The United Arab Emirates (X tons) held the second position in the ranking, followed by Iraq (X tons) and Iran (X tons). All these countries together held near 31% share of total imports. The following importers - Saudi Arabia (X tons), Israel (X tons) and Oman (X tons) - each reached an 8% share of total imports.

Imports into Turkey increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Iraq (+5.5%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +5.5% from 2012-2021. By contrast, Oman (-1.3%), the United Arab Emirates (-2.1%), Israel (-5.5%), Iran (-7.0%) and Saudi Arabia (-26.9%) illustrated a downward trend over the same period. Turkey (+25 p.p.), Iraq (+5.4 p.p.) and the United Arab Emirates (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Iran and Saudi Arabia saw its share reduced by -1.8% and -28.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in the Middle East, comprising 48% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total imports. It was followed by Iraq, with a 6.8% share.

In Turkey, furnace burner imports increased at an average annual rate of +7.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+3.2% per year) and Iraq (+2.4% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, declining by -4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2014 an increase of 31% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iraq ($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 (+13.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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