South Africa: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in South Africa

The South African solid fuel furnace burner market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, showed a noticeable reduction. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in South Africa

In value terms, solid fuel furnace burner production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2018 with an increase of 34%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from South Africa

In 2021, solid fuel furnace burner exports from South Africa soared to X tons, rising by 87% on the previous year's figure. Over the period under review, exports, however, recorded a deep slump. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, solid fuel furnace burner exports surged to $X in 2021. Overall, exports, however, showed a abrupt shrinkage. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Botswana (X tons), Mozambique (X tons) and Ghana (X tons) were the main destinations of solid fuel furnace burner exports from South Africa, with a combined 67% share of total exports. These countries were followed by Zambia, Democratic Republic of the Congo, Malawi, Kenya and Namibia, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malawi (with a CAGR of +25.1%), while the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X) emerged as the key foreign market for solid fuel furnace burner exports from South Africa, comprising 30% of total exports. The second position in the ranking was held by Ghana ($X), with a 12% share of total exports. It was followed by Botswana, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Mozambique amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-18.9% per year) and Botswana (-2.0% per year).

Export Prices by Country

The average solid fuel furnace burner export price stood at $X per ton in 2021, declining by -15.4% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Kenya ($X per ton), while the average price for exports to Botswana ($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 UK (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into South Africa

Solid fuel furnace burner imports into South Africa soared to X tons in 2021, picking up by 175% on the previous year. Overall, imports continue to indicate a relatively flat trend pattern. 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 skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest solid fuel furnace burner supplier to South Africa, accounting for a 50% share of total imports. Moreover, solid fuel furnace burner imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Portugal (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.9% per year) and Portugal (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of solid fuel furnace burner to South Africa, comprising 57% of total imports. The second position in the ranking was held by Portugal ($X), with an 11% share of total imports. It was followed by Italy, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (0.0% per year) and Italy (+2.7% per year).

Import Prices by Country

In 2021, the average solid fuel furnace burner import price amounted to $X per ton, dropping by -19.1% against the previous year. Over the period under review, the import price showed a perceptible contraction. The growth pace was the most rapid in 2016 an increase of 73%. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained 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 UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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