Africa: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Africa

In 2022, the African liquid fuel furnace burner market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Furnace Burners For Liquid Fuel in Africa

In value terms, liquid fuel furnace burner production reduced modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Furnace Burners For Liquid Fuel

Exports in Africa

In 2022, approx. X units of furnace burners for liquid fuel were exported in Africa; with a decrease of X% compared with the previous year's figure. Over the period under review, exports showed a deep slump. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports shrank dramatically to $X in 2022. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by Togo (X units), constituting a X% share of total exports. Nigeria (X units), Tunisia (X units) and Congo (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to liquid fuel furnace burner exports from South Africa stood at X%. At the same time, Togo (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Togo emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. By contrast, Tunisia (X%) and Congo (X%) illustrated a downward trend over the same period. Togo (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest liquid fuel furnace burner supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports. It was followed by Togo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Nigeria (X% per year) and Togo (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while South Africa ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports in Africa

In 2022, supplies from abroad of furnace burners for liquid fuel decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports recorded a slight slump. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports contracted slightly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Algeria (X units), distantly followed by Morocco (X units), Egypt (X units), South Africa (X units), Mozambique (X units), Libya (X units), Tunisia (X units) and Angola (X units) represented the largest importers of furnace burners for liquid fuel, together making up X% of total imports. The following importers - Nigeria (X units), Kenya (X units), Ethiopia (X units), Democratic Republic of the Congo (X units) and Ghana (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mozambique (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid fuel furnace burner importing markets in Africa were Morocco ($X), Algeria ($X) and Egypt ($X), together comprising X% of total imports. South Africa, Nigeria, Libya, Ethiopia, Tunisia, Angola, Kenya, Ghana, Democratic Republic of the Congo and Mozambique lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Democratic Republic of the Congo, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price saw a mild expansion. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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