MENA: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in MENA

The MENA's liquid fuel furnace burner market soared to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Furnace Burners For Liquid Fuel in MENA

In value terms, liquid fuel furnace burner production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports in MENA

In 2022, overseas shipments of furnace burners for liquid fuel were finally on the rise to reach X units after two years of decline. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, liquid fuel furnace burner exports surged to $X in 2022. Over the period under review, exports enjoyed a temperate increase. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey was the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a X% share of total exports. Jordan (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Turkey ($X) remains the largest liquid fuel furnace burner supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Jordan (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of X% against the previous year. Export price indicated notable growth from 2012 to 2022: its price 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, liquid fuel furnace burner export price increased by X% against 2019 indices. As a result, the export price reached 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 Jordan ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Imports of Furnace Burners For Liquid Fuel

Imports in MENA

In 2022, overseas purchases of furnace burners for liquid fuel increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, saw a slight decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, liquid fuel furnace burner imports expanded significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of liquid fuel furnace burner imports in 2022 were Iraq (X units), the United Arab Emirates (X units), Algeria (X units) and Turkey (X units), together finishing at X% of total import. It was distantly followed by Lebanon (X units), Morocco (X units) and Egypt (X units), together constituting a X% share of total imports.

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

In value terms, the United Arab Emirates ($X), Turkey ($X) and Morocco ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 MENA stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price, however, continues to indicate a slight contraction. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Iraq ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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