Middle East: Mechanical Stoker Market 2024

Mechanical Stoker Market Size in the Middle East

In 2022, the Middle Eastern mechanical stoker market decreased by -61.6% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption recorded a strong expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then fell rapidly in the following year.

Mechanical Stoker Production in the Middle East

In value terms, mechanical stoker production expanded to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 131%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mechanical Stoker Exports

Exports in the Middle East

In 2022, overseas shipments of mechanical stokers increased by 87% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 1,028%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, mechanical stoker exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 when exports increased by 740% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) represented roughly 97% of total exports in 2022.

Turkey was also the fastest-growing in terms of the mechanical stokers exports, with a CAGR of +25.4% from 2012 to 2022. Turkey (+21 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) also remains the largest mechanical stoker supplier in the Middle East.

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to +33.2%.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, reducing by -26.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by 92%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +6.2% per year.

Mechanical Stoker Imports

Imports in the Middle East

In 2022, imports of mechanical stokers in the Middle East expanded rapidly to X tons, surging by 15% compared with the previous year. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 212% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, mechanical stoker imports surged to $X in 2022. Over the period under review, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 384%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the major importer of mechanical stokers, generating 60% of total imports. Turkey (X tons) ranks second in terms of the total imports with a 29% share, followed by Lebanon (4.6%). Bahrain (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the mechanical stokers imports, with a CAGR of +45.9% from 2012 to 2022. At the same time, Bahrain (+35.8%) displayed positive paces of growth. By contrast, Lebanon (-13.1%) and Turkey (-15.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+60 p.p.), Turkey (+8.1 p.p.), Bahrain (+2.7 p.p.) and Lebanon (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Lebanon ($X) were the countries with the highest levels of imports in 2022, together comprising 94% of total imports.

The United Arab Emirates, with a CAGR of +44.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by 21% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 55% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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