Argentina: Market for Furnace Burners For Solid Fuel Or Gas 2022

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

The Argentinian solid fuel furnace burner market surged to $X in 2021, jumping by 22% against the previous year. In general, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.0% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Argentina

In value terms, solid fuel furnace burner production expanded rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 36%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Argentina

Solid fuel furnace burner exports from Argentina shrank rapidly to X kg in 2021, waning by -98.2% compared with the previous year. In general, exports recorded a sharp curtailment. The growth pace was the most rapid in 2020 when exports increased by 129%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, solid fuel furnace burner exports contracted sharply to $X in 2021. Overall, exports continue to indicate a sharp decline. The growth pace was the most rapid in 2020 with an increase of 121% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Chile (X kg) was the main destination for solid fuel furnace burner exports from Argentina, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Chile amounted to -24.0%.

In value terms, Chile ($X) emerged as the key foreign market for solid fuel furnace burner exports from Argentina.

From 2012 to 2021, the average annual rate of growth in terms of value to Chile totaled -21.2%.

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, picking up by 8.1% against the previous year. Overall, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average export price increased by 43%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2012 to 2021, the rate of growth in terms of prices for Ecuador amounted to +24.4% per year.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Argentina

In 2021, the amount of furnace burners for solid fuel or gas imported into Argentina skyrocketed to X tons, jumping by 127% compared with 2020. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 162%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, solid fuel furnace burner imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 136% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of solid fuel furnace burner to Argentina, accounting for a 70% share of total imports. Moreover, solid fuel furnace burner imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by the United States (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.4% per year) and the United States (-5.0% per year).

In value terms, Italy ($X), the United States ($X) and Germany ($X) appeared to be the largest solid fuel furnace burner suppliers to Argentina, with a combined 74% share of total imports. Spain, China and Mexico lagged somewhat behind, together accounting for a further 15%.

Among the main suppliers, Spain, with a CAGR of +57.4%, 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 average solid fuel furnace burner import price stood at $X per ton in 2021, reducing by -8.4% against the previous year. Over the period under review, the import price saw a pronounced decline. The growth pace was the most rapid in 2017 an increase of 97%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 Spain (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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