MENA: Mechanical Stoker Market 2024

Mechanical Stoker Market Size in MENA

In 2022, the MENA's mechanical stoker market decreased by -57.5% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption recorded a strong increase. Over the period under review, the market reached the maximum level at $X in 2021, and then fell dramatically in the following year.

Mechanical Stoker Production in MENA

In value terms, mechanical stoker production stood at $X in 2022 estimated in export price. Over the period under review, production posted resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 123%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Mechanical Stoker Exports

Exports in MENA

In 2022, shipments abroad of mechanical stokers increased by 86% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 1,023% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, mechanical stoker exports skyrocketed to $X in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 725% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) represented roughly 96% of total exports in 2022.

Turkey was also the fastest-growing in terms of the mechanical stokers exports, with a CAGR of +25.4% from 2012 to 2022. Turkey (+21 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, Turkey ($X) also remains the largest mechanical stoker supplier in MENA.

In Turkey, mechanical stoker exports increased at an average annual rate of +33.2% over the period from 2012-2022.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by -26.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by 92%. Over the period under review, the export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to +6.2% per year.

Mechanical Stoker Imports

Imports in MENA

Mechanical stoker imports soared to X tons in 2022, picking up by 21% compared with the previous year. Over the period under review, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 173% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, mechanical stoker imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 251%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of about X tons, which amounted to 46% of total imports. Turkey (X tons) ranks second in terms of the total imports with a 22% share, followed by Algeria (12%) and Morocco (10%). Lebanon (X tons) and Bahrain (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the mechanical stokers imports, with a CAGR of +45.9% from 2012 to 2022. At the same time, Bahrain (+35.8%) and Morocco (+11.9%) displayed positive paces of growth. By contrast, Algeria (-12.4%), Lebanon (-13.1%) and Turkey (-15.5%) illustrated a downward trend over the same period. The United Arab Emirates (+46 p.p.), Morocco (+9.5 p.p.), Algeria (+4.8 p.p.), Turkey (+3.1 p.p.) and Bahrain (+2 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Algeria ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 88% of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +44.6%, recorded the highest rates of growth with regard to 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 MENA stood at $X per ton in 2022, growing by 7.9% against the previous year. In general, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 44%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+6.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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