Oman: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Oman

The Omani liquid fuel furnace burner market dropped markedly to $X in 2021, shrinking by -99.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a dramatic shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Exports of Furnace Burners For Liquid Fuel

Exports from Oman

In 2021, overseas shipments of furnace burners for liquid fuel increased by 316% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquid fuel furnace burner exports shrank to $X in 2021. In general, exports showed noticeable growth. The pace of growth was the most pronounced in 2019 when exports increased by 501% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then reduced in the following year.

Exports by Country

Yemen (X tons) was the main destination for liquid fuel furnace burner exports from Oman, accounting for a 83% share of total exports. Moreover, liquid fuel furnace burner exports to Yemen exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+28.9% per year) and India (-17.5% per year).

In value terms, Yemen ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from Oman, comprising 74% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+33.5% per year) and India (-33.8% per year).

Export Prices by Country

In 2021, the average liquid fuel furnace burner export price amounted to $X per ton, falling by -78.8% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average export price increased by 188%. As a result, the export price reached the peak level of $X per ton, and then shrank remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to India ($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 the United Arab Emirates (+3.6%).

Imports of Furnace Burners For Liquid Fuel

Imports into Oman

In 2021, imports of furnace burners for liquid fuel into Oman reduced rapidly to X tons, shrinking by -96.1% against 2020 figures. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 1,894% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, liquid fuel furnace burner imports dropped notably to $X in 2021. Overall, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 3,510% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons), Malaysia (X kg) and the United States (X kg) were the main suppliers of liquid fuel furnace burner imports to Oman, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +18.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of furnace burners for liquid fuel to Oman, comprising 46% of total imports. The second position in the ranking was taken by Italy ($X), with a 23% share of total imports. It was followed by the United States, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia totaled +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.3% per year) and the United States (+6.0% per year).

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, increasing by 18% against the previous year. In general, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 81% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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