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

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

In 2021, the Omani solid fuel furnace burner market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption saw significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Furnace Burners For Solid Fuel Or Gas in Oman

In value terms, solid fuel furnace burner production fell slightly to $X in 2021 estimated in export price. Over the period under review, production posted significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 3,352% against the previous year. Solid fuel furnace burner production peaked at $X in 2020, and then reduced in the following year.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Oman

In 2021, after two years of growth, there was significant decline in overseas shipments of furnace burners for solid fuel or gas, when their volume decreased by -15.7% to X tons. In general, total exports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +104.2% against 2018 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 78% against the previous year. The exports peaked at X tons in 2020, and then fell sharply in the following year.

In value terms, solid fuel furnace burner exports reached $X in 2021. Over the period under review, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 220% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for solid fuel furnace burner exports from Oman, with a 83% share of total exports. Moreover, solid fuel furnace burner exports to Germany exceeded the volume sent to the second major destination, Saudi Arabia (X tons), eightfold. The third position in this ranking was taken by India (X tons), with a 3.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-45.9% per year) and India (-24.9% per year).

In value terms, Germany ($X) remains the key foreign market for solid fuel furnace burner exports from Oman, comprising 63% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 19% share of total exports. It was followed by India, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-61.2% per year) and India (-26.4% per year).

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, jumping by 30% against the previous year. In general, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 79% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-2.0%), while the prices for the other major destinations experienced a decline.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Oman

In 2021, purchases abroad of furnace burners for solid fuel or gas increased by 1,350% to X tons, rising for the second consecutive year after two years of decline. In general, imports saw a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, solid fuel furnace burner imports surged to $X in 2021. Over the period under review, imports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2017 when imports increased by 267%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the main supplier of solid fuel furnace burner to Oman, with a 94% share of total imports. It was followed by the United Arab Emirates (X tons), with a 2.8% share of total imports. The third position in this ranking was held by Italy (X tons), with a 2% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +39.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.1% per year) and Italy (-12.2% per year).

In value terms, India ($X) constituted the largest supplier of solid fuel furnace burner to Oman, comprising 61% of total imports. The second position in the ranking was taken by Italy ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-7.3% per year) and the United Arab Emirates (-8.9% per year).

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, which is down by -80.5% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2020 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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