MENA: Non-Electric Industrial Furnace Market 2024

Non-Electric Industrial Furnace Market Size in MENA

The MENA's non-electric industrial furnace market expanded notably to $X in 2022, picking up by X% against the previous year. In general, consumption saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Industrial Furnace Production in MENA

In value terms, non-electric industrial furnace production reached $X in 2022 estimated in export price. Over the period under review, production recorded a prominent increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Electric Industrial Furnace Exports

Exports in MENA

In 2022, the amount of non-electric industrial or laboratory furnaces and ovens exported in MENA fell remarkably to X units, dropping by X% on the previous year. Overall, exports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric industrial furnace exports rose notably to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, 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 Bahrain (X%) and Iran (X%). Israel (X units), Oman (X units) and Lebanon (X units) took a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Iran (X%), Oman (X%), Turkey (X%), Israel (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.), Bahrain (X p.p.) and Iran (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Lebanon (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-electric industrial furnace supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Non-Electric Industrial Furnace Imports

Imports in MENA

Non-electric industrial furnace imports soared to X units in 2022, growing by X% compared with the year before. Over the period under review, imports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric industrial furnace imports totaled $X in 2022. In general, imports, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Bahrain (X units), Qatar (X units) and Iran (X units) represented roughly X% of total imports in 2022. It was distantly followed by Kuwait (X units) and Turkey (X units), together making up a X% share of total imports. Egypt (X units), Morocco (X units), Algeria (X units), Libya (X units), the United Arab Emirates (X units), Tunisia (X units) and Iraq (X units) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported non-electric industrial or laboratory furnaces and ovens in MENA, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In Turkey, non-electric industrial furnace imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then plummeted in the following year.

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 ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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