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

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

In 2022, the MENA's solid fuel furnace burner market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, continues to indicate a strong expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Furnace Burners For Solid Fuel Or Gas in MENA

In value terms, solid fuel furnace burner production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw a prominent increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in MENA

In 2022, the amount of furnace burners for solid fuel or gas exported in MENA contracted notably to X units, which is down by X% against the year before. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2021, and then shrank dramatically in the following year.

In value terms, solid fuel furnace burner exports rose significantly to $X in 2022. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) prevails in exports structure, together mixing up X% of total exports. The following exporters - Iran (X units) and Bahrain (X units) - each accounted for an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In Turkey, solid fuel furnace burner exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while Iran ($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 mixed trends in the export price figures.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in MENA

In 2022, the amount of furnace burners for solid fuel or gas imported in MENA reduced markedly to X units, waning by X% on 2021. Overall, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, solid fuel furnace burner imports reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Turkey was the key importer of furnace burners for solid fuel or gas in MENA, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. The United Arab Emirates (X units) took the second position in the ranking, followed by Algeria (X units), Iran (X units) and Bahrain (X units). All these countries together took near X% share of total imports. Israel (X units), Egypt (X units), Iraq (X units), Kuwait (X units), Oman (X units) and Libya (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 Turkey stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Egypt and Iraq experienced a relatively flat trend pattern. By contrast, Kuwait (X%), Israel (X%), Oman (X%), the United Arab Emirates (X%), Iran (X%), Libya (X%) and Algeria (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Iran and Algeria saw its share reduced by X%, 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 MENA were Turkey ($X), the United Arab Emirates ($X) and Algeria ($X), together accounting for X% of total imports. Iran, Israel, Egypt, Iraq, Libya, Bahrain, Oman and Kuwait lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Libya, with a CAGR of X%, saw 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 unit in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the import prices failed to regain momentum.

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 Libya ($X per unit), while Kuwait ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :