Oman: Furnace Burner Market 2024

Furnace Burner Market Size in Oman

In 2021, the Omani furnace burner market increased by 70% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a perceptible decline. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Furnace Burner Exports

Exports from Oman

In 2021, after two years of growth, there was significant decline in shipments abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, when their volume decreased by -15.5% to X tons. In general, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 472% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, furnace burner exports amounted to $X in 2021. Overall, exports showed a noticeable descent. The most prominent rate of growth was recorded in 2019 when exports increased by 219%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and India (X tons) were the main destinations of furnace burner exports from Oman, with a combined 80% share of total exports. Yemen, Qatar and Tanzania lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of +309.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exports from Oman, comprising 19% of total exports. The second position in the ranking was held by Yemen ($X), with a 2.6% share of total exports. It was followed by India, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia totaled -61.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (0.0% per year) and India (-26.9% per year).

Export Prices by Country

The average furnace burner export price stood at $X per ton in 2021, picking up by 29% against the previous year. Over the period under review, the export price recorded a temperate expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 722%. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, 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 Tanzania (+73.9%), while the prices for the other major destinations experienced a decline.

Furnace Burner Imports

Imports into Oman

In 2021, purchases abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers increased by 21% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of 152%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, furnace burner imports surged to $X in 2021. In general, imports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of 303%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), the United Arab Emirates (X tons) and Italy (X tons) were the main suppliers of furnace burner imports to Oman, together comprising 36% of total imports. These countries were followed by India, Canada, Germany, China, the United States and Malaysia, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +32.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) constituted the largest supplier of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers to Oman, comprising 19% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 6.5% share of total imports. It was followed by Germany, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value from Italy stood at -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-10.2% per year) and Germany (-14.1% per year).

Import Prices by Country

The average furnace burner import price stood at $X per ton in 2021, surging by 46% against the previous year. Overall, the import price, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, 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 Malaysia (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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