Africa: Market for Furnace Burners For Solid Fuel Or Gas 2024

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

The African solid fuel furnace burner market amounted to $X in 2022, picking up by X% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Africa

In value terms, solid fuel furnace burner production rose slightly to $X in 2022 estimated in export price. The total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Africa

Solid fuel furnace burner exports dropped markedly to X units in 2022, waning by X% against the year before. Overall, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, solid fuel furnace burner exports rose rapidly to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, resulting at X units, which was near X% of total exports in 2022. Cote d'Ivoire (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Egypt (X%), Kenya (X%) and Congo (X%). The following exporters - Cameroon (X units) and Tunisia (X units) - each recorded a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%), Egypt (X%), Tunisia (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Congo experienced a relatively flat trend pattern. By contrast, Cameroon (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cote d'Ivoire, Egypt, Kenya, Tunisia and Congo increased by X, X, X, X and X percentage points, respectively.

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

In South Africa, solid fuel furnace burner exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (X% per year) and Kenya (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in Africa

In 2022, solid fuel furnace burner imports in Africa soared to X units, jumping by X% compared with 2021. Overall, imports recorded a slight increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, solid fuel furnace burner imports reached $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Nigeria (X units) represented the largest importer of furnace burners for solid fuel or gas, generating X% of total imports. South Africa (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Algeria (X%), Egypt (X%), Mozambique (X%) and Senegal (X%). Rwanda (X units), Libya (X units), Zimbabwe (X units), Cote d'Ivoire (X units), Tunisia (X units) and Angola (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to solid fuel furnace burner imports into Nigeria stood at X%. At the same time, Rwanda (X%), Zimbabwe (X%), Mozambique (X%), Senegal (X%), South Africa (X%), Cote d'Ivoire (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. By contrast, Angola (X%), Libya (X%) and Algeria (X%) illustrated a downward trend over the same period. Nigeria (X p.p.), South Africa (X p.p.), Mozambique (X p.p.), Senegal (X p.p.), Rwanda (X p.p.) and Zimbabwe (X p.p.) significantly strengthened its position in terms of the total imports, while Libya and Algeria saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest solid fuel furnace burner importing markets in Africa were South Africa ($X), Algeria ($X) and Egypt ($X), together accounting for X% of total imports. Nigeria, Libya, Tunisia, Cote d'Ivoire, Senegal, Angola, Zimbabwe, Mozambique and Rwanda lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Rwanda, 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, dropping by X% against the previous year. In general, the import price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Libya (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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