Middle East: Market for Furnace Burners For Solid Fuel Or Gas 2024

Market Size for Furnace Burners For Solid Fuel Or Gas in the Middle East

In 2022, the Middle Eastern solid fuel furnace burner market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in the Middle East

In value terms, solid fuel furnace burner production fell slightly to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Furnace Burners For Solid Fuel Or Gas

Exports in the Middle East

Solid fuel furnace burner exports shrank notably to X units in 2022, which is down by X% compared with the year before. Overall, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped markedly in the following year.

In value terms, solid fuel furnace burner exports rose significantly to $X in 2022. In general, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

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 recorded an X% share of total exports.

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

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

In Turkey, solid fuel furnace burner exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure 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 the Middle East

In 2022, imports of furnace burners for solid fuel or gas in the Middle East shrank rapidly to X units, waning by X% compared with the previous year. Over the period under review, imports recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, solid fuel furnace burner imports dropped to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey was the key importing country with an import of around X units, which finished at X% of total imports. The United Arab Emirates (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%), Bahrain (X%), Israel (X%) and Iraq (X%). Kuwait (X units) took a relatively small share of total imports.

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 the Middle East, with a CAGR of X% from 2012-2022. Iraq experienced a relatively flat trend pattern. By contrast, Kuwait (X%), Israel (X%), the United Arab Emirates (X%) and Iran (X%) illustrated a downward trend over the same period. Bahrain (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while Iran and the United Arab Emirates saw its share reduced by 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 the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iran ($X), together accounting for X% of total imports. Israel, Iraq, Bahrain and Kuwait lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bahrain, with a CAGR of X%, 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

In 2022, the import price in the Middle East amounted to $X per unit, rising by X% against the previous year. Over the last decade, 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 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 ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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