Saudi Arabia: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in Saudi Arabia

The Saudi solid fuel furnace burner market contracted to $X in 2021, which is down by -5.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt slump. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Saudi Arabia

After five years of growth, overseas shipments of furnace burners for solid fuel or gas decreased by -84.7% to X tons in 2021. In general, exports, however, showed moderate growth. The pace of growth appeared the most rapid in 2016 with an increase of 4,727%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then declined markedly in the following year.

In value terms, solid fuel furnace burner exports fell remarkably to $X in 2021. Overall, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 1,869%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for solid fuel furnace burner exports from Saudi Arabia, accounting for a 95% share of total exports. It was followed by Sudan (X kg), with a 2.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +628.7%.

In value terms, Germany ($X) emerged as the key foreign market for solid fuel furnace burner exports from Saudi Arabia, comprising 88% of total exports. The second position in the ranking was held by Sudan ($X), with a 0.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +912.8%.

Export Prices by Country

The average solid fuel furnace burner export price stood at $X per ton in 2021, growing by 285% against the previous year. Over the period under review, the export price, however, showed a abrupt descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Sudan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+53.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Saudi Arabia

Solid fuel furnace burner imports into Saudi Arabia dropped markedly to X tons in 2021, with a decrease of -48.4% on 2020. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2016 with an increase of 136% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, solid fuel furnace burner imports fell markedly to $X in 2021. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 74%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Luxembourg (X tons), Germany (X tons) and France (X tons) were the main suppliers of solid fuel furnace burner imports to Saudi Arabia, together accounting for 74% of total imports.

From 2012 to 2021, the biggest increases were in France (with a CAGR of +16.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of solid fuel furnace burner to Saudi Arabia, comprising 45% of total imports. The second position in the ranking was taken by Luxembourg ($X), with a 21% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Luxembourg (-13.4% per year) and France (+19.0% per year).

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, growing by 37% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, solid fuel furnace burner import price increased by +3.3% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 106%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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