MENA: Vapour Generating Boiler Market 2024

Vapour Generating Boiler Market Size in MENA

In 2022, the MENA's vapour generating boiler market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Vapour Generating Boiler Production in MENA

In value terms, vapour generating boiler production reduced to $X in 2022 estimated in export price. In general, production recorded a resilient increase. The pace of growth was the most pronounced in 2015 when the production volume increased by 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.

Vapour Generating Boiler Exports

Exports in MENA

In 2022, exports of vapour generating boilers in MENA dropped to X tons, declining by X% on the year before. Total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, vapour generating boiler exports reduced to $X in 2022. Total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Iran (X tons) and Egypt (X tons), together mixing up a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to vapour generating boiler exports from Turkey stood at X%. At the same time, Egypt (X%) and Iran (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of Iran (X p.p.), Egypt (X p.p.) and Turkey (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest vapour generating boiler supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Iran (X% per year) and Egypt (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 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 Turkey ($X per ton), while Egypt ($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 (X%), while the other leaders experienced a decline in the export price figures.

Vapour Generating Boiler Imports

Imports in MENA

For the third year in a row, MENA recorded decline in overseas purchases of vapour generating boilers, which decreased by X% to X tons in 2022. In general, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vapour generating boiler imports contracted sharply to $X in 2022. Overall, imports faced a deep slump. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) was the major importer of vapour generating boilers, mixing up X% of total imports. Saudi Arabia (X tons) held the second position in the ranking, followed by Egypt (X tons), Iraq (X tons), Morocco (X tons), Algeria (X tons), the United Arab Emirates (X tons) and Iran (X tons). All these countries together held approx. X% share of total imports.

Imports into Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%), Morocco (X%) and Iran (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Iraq (X%), Egypt (X%), the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), Morocco (X p.p.), Algeria (X p.p.), Iran (X p.p.), Iraq (X p.p.), Egypt (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X), Saudi Arabia ($X) and Egypt ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Algeria, Morocco, Iraq, the United Arab Emirates and Iran lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Morocco, 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 MENA amounted to $X per ton, which is down by X% against the previous year. Overall, the import price saw a slight slump. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the 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 Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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