Report Update Nov 1, 2024

Nigeria - Furnace Burners for Solid Fuel or Gas - Market Analysis, Forecast, Size, Trends and Insights

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

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

In 2021, the Nigerien solid fuel furnace burner market decreased by -88.8% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, continues to indicate significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Nigeria

For the third year in a row, Nigeria recorded growth in shipments abroad of furnace burners for solid fuel or gas, which increased by 42% to X tons in 2021. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 517% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, solid fuel furnace burner exports fell dramatically to $X in 2021. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 859% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X tons) was the main destination for solid fuel furnace burner exports from Nigeria, accounting for a 97% share of total exports. It was followed by Niger (X kg), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Cote d'Ivoire amounted to +98.0%.

In value terms, Cote d'Ivoire ($X) remains the key foreign market for solid fuel furnace burner exports from Nigeria, comprising 99% of total exports. The second position in the ranking was held by Niger ($X), with a 1.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Cote d'Ivoire amounted to +59.5%.

Export Prices by Country

The average solid fuel furnace burner export price stood at $X per ton in 2021, waning by -44.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 123%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Niger amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+14.6%), while the prices for the other major destinations experienced a decline.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Nigeria

In 2021, purchases abroad of furnace burners for solid fuel or gas decreased by -89.2% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 651%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, solid fuel furnace burner imports reduced notably to $X in 2021. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2019 with an increase of 277% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of solid fuel furnace burner to Nigeria, with a 92% share of total imports. It was followed by Egypt (X tons), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +75.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+15.2% per year) and India (+23.8% per year).

In value terms, China ($X) constituted the largest supplier of solid fuel furnace burner to Nigeria, comprising 74% of total imports. The second position in the ranking was taken by India ($X), with a 6.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +61.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+18.3% per year) and Egypt (+21.6% per year).

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, growing by 35% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 42%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+5.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for furnace burners for solid fuel or gas in the world?

China constituted the country with the largest volume of solid fuel furnace burner consumption, comprising approx. 24% of total volume. Moreover, solid fuel furnace burner consumption in China exceeded the figures recorded by the second-largest consumer, the Netherlands, twofold. India ranked third in terms of total consumption with a 9.2% share.

What are the largest producers of furnace burners for solid fuel or gas in the world?

China remains the largest solid fuel furnace burner producing country worldwide, accounting for 31% of total volume. Moreover, solid fuel furnace burner production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.2% share.

What are the leading suppliers of furnace burners for solid fuel or gas to Nigeria?

In value terms, China constituted the largest supplier of solid fuel furnace burner to Nigeria, comprising 77% of total imports. The second position in the ranking was occupied by Turkey, with a 3.7% share of total imports. It was followed by South Korea, with a 3.2% share.

What are the leading importers of furnace burners for solid fuel or gas from Nigeria?

In value terms, Niger remains the key foreign market for solid fuel furnace burner exports from Nigeria.

What is the average export price for furnace burners for solid fuel or gas in Nigeria?

In 2021, the average solid fuel furnace burner export price amounted to $5,626 per ton, waning by -96.5% against the previous year.

What is the average import price for furnace burners for solid fuel or gas in Nigeria?

In 2021, the average solid fuel furnace burner import price amounted to $6,695 per ton, surging by 13% against the previous year.

This report provides an in-depth analysis of the market for solid fuel furnace burner in Nigeria. 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 28211150 - Furnace burners for solid fuel or gas (including combination burners)

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023