United Arab Emirates: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in the United Arab Emirates

The solid fuel furnace burner market in the United Arab Emirates fell remarkably to $X in 2021, dropping by -43.5% against the previous year. In general, consumption showed a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in the United Arab Emirates

In value terms, solid fuel furnace burner production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a deep setback. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from the United Arab Emirates

In 2021, the amount of furnace burners for solid fuel or gas exported from the United Arab Emirates soared to X tons, increasing by 192% compared with 2020. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 312%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, solid fuel furnace burner exports contracted dramatically to $X in 2021. Over the period under review, exports posted a tangible expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 455% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for solid fuel furnace burner exports from the United Arab Emirates, accounting for a 91% share of total exports. Moreover, solid fuel furnace burner exports to Germany exceeded the volume sent to the second major destination, Malaysia (X tons), more than tenfold. Yemen (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +264.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+101.2% per year) and Yemen (0.0% per year).

In value terms, Germany ($X) emerged as the key foreign market for solid fuel furnace burner exports from the United Arab Emirates, comprising 65% of total exports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total exports. It was followed by Yemen, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +203.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+116.7% per year) and Yemen (0.0% per year).

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, declining by -82.1% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 114% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 Malaysia (+7.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into the United Arab Emirates

Solid fuel furnace burner imports into the United Arab Emirates soared to X tons in 2021, jumping by 61% compared with the previous year. Over the period under review, imports showed a notable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 169% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, solid fuel furnace burner imports declined remarkably to $X in 2021. Overall, imports, however, continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 142% against the previous year. Imports peaked at $X in 2020, and then fell dramatically in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest solid fuel furnace burner supplier to the United Arab Emirates, accounting for a 51% share of total imports. Moreover, solid fuel furnace burner imports from India exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), twofold. The third position in this ranking was held by China (X tons), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from India totaled +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (+12.9% per year) and China (+0.1% per year).

In value terms, the UK ($X), Germany ($X) and India ($X) appeared to be the largest solid fuel furnace burner suppliers to the United Arab Emirates, together comprising 68% of total imports. Bahrain, the United States, Italy, China, Mexico, Egypt and the Netherlands lagged somewhat behind, together accounting for a further 27%.

Egypt, with a CAGR of +89.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, which is down by -52.4% against the previous year. Overall, the import price recorded a noticeable decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by 57% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 Germany ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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