Morocco - Furnace Burners, Mechanical Stokers, Mechanical Grates and Mechanical Ash Dischargers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMorocco: Furnace Burner Market 2024
Furnace Burner Market Size in Morocco
In 2021, after two years of growth, there was significant decline in the Moroccan furnace burner market, when its value decreased by -29% to $X. Overall, consumption, however, recorded slight growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.
Furnace Burner Exports
Exports from Morocco
In 2021, shipments abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers was finally on the rise to reach X kg for the first time since 2013, thus ending a seven-year declining trend. Over the period under review, exports, however, saw a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 206% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, furnace burner exports surged to $X in 2021. Overall, exports continue to indicate strong growth. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.
Exports by Country
Spain (X kg), Senegal (X kg) and Mauritania (X kg) were the main destinations of furnace burner exports from Morocco, with a combined 88% share of total exports.
From 2012 to 2021, the biggest increases were recorded for Senegal (with a CAGR of +9.7%), while shipments for the other leaders experienced mixed trend patterns.
In value terms, Senegal ($X) remains the key foreign market for furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exports from Morocco, comprising 68% of total exports. The second position in the ranking was held by Spain ($X), with a 17% share of total exports. It was followed by Mauritania, with a 12% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Senegal amounted to +50.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+13.9% per year) and Mauritania (+1.3% per year).
Export Prices by Country
In 2021, the average furnace burner export price amounted to $X per ton, growing by 191% against the previous year. In general, the export price enjoyed a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to France ($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 Senegal (+37.2%), while the prices for the other major destinations experienced more modest paces of growth.
Furnace Burner Imports
Imports into Morocco
In 2021, overseas purchases of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers decreased by -23.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2019 with an increase of 76%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.
In value terms, furnace burner imports dropped rapidly to $X in 2021. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2021, Italy (X tons) constituted the largest supplier of furnace burner to Morocco, with a 26% share of total imports. Moreover, furnace burner imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with a 4.2% share.
From 2012 to 2021, the average annual growth rate of volume from Italy totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+19.1% per year) and Germany (+5.3% per year).
In value terms, the largest furnace burner suppliers to Morocco were the UK ($X), Italy ($X) and Germany ($X), with a combined 55% share of total imports. France, China, Spain, Turkey, Japan and Denmark lagged somewhat behind, together accounting for a further 10%.
Denmark, with a CAGR of +21.0%, 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 more modest paces of growth.
Import Prices by Country
The average furnace burner import price stood at $X per ton in 2021, which is down by -14.6% against the previous year. In general, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 52% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the furnace burner market in Morocco. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28211130 - Furnace burners for liquid fuel
- Prodcom 28211150 - Furnace burners for solid fuel or gas (including combination burners)
- Prodcom 28211170 - Mechanical stokers (including their mechanical grates, m echanical ash dischargers and similar appliances)
Country coverage:
- Morocco
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Morocco
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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