MENA: Furnace Burner Market 2024

Furnace Burner Market Size in MENA

The MENA's furnace burner market surged to $X in 2022, rising by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Furnace Burner Production in MENA

In value terms, furnace burner production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Furnace Burner Exports

Exports in MENA

In 2022, the amount of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exported in MENA reduced sharply to X units, which is down by X% against 2021 figures. Overall, exports, however, enjoyed tangible growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then contracted dramatically in the following year.

In value terms, furnace burner exports shrank notably to $X in 2022. In general, exports, however, posted a moderate expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

The United Arab Emirates was the main exporter of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in MENA, with the volume of exports recording X units, which was near X% of total exports in 2022. Turkey (X units) ranks second in terms of the total exports with a X% share, followed by Egypt (X%). The following exporters - Saudi Arabia (X units), Bahrain (X units), Iran (X units) and Oman (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to furnace burner exports from the United Arab Emirates stood at X%. At the same time, Egypt (X%), Saudi Arabia (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, Turkey (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Egypt increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest furnace burner supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Bahrain ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, shrinking by X% against the previous year. In general, the export price saw a mild reduction. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the export prices failed to regain momentum.

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

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

Furnace Burner Imports

Imports in MENA

In 2022, overseas purchases of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers increased by X% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, furnace burner imports reduced to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Turkey was the key importing country with an import of about X units, which amounted to X% of total imports. Libya (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Algeria (X%). The following importers - Saudi Arabia (X units), Iraq (X units), Morocco (X units), Iran (X units), Egypt (X units), Israel (X units) and Oman (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 Libya (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

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

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, reducing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, import prices attained the peak figure 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 the United Arab Emirates ($X per unit), while Libya ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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