Belarus: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Belarus

The Belarusian liquid fuel furnace burner market declined notably to $X in 2021, falling by -19.7% against the previous year. Over the period under review, consumption, however, enjoyed a temperate expansion. As a result, consumption reached the peak level of $X, and then contracted significantly in the following year.

Production of Furnace Burners For Liquid Fuel in Belarus

In value terms, liquid fuel furnace burner production fell remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate measured growth. The growth pace was the most rapid in 2020 with an increase of 82% against the previous year. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Belarus

In 2021, after two years of growth, there was significant decline in shipments abroad of furnace burners for liquid fuel, when their volume decreased by -40.9% to X tons. Over the period under review, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 42% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports shrank rapidly to $X in 2021. In general, exports showed a deep setback. The growth pace was the most rapid in 2019 with an increase of 21%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for liquid fuel furnace burner exports from Belarus, with a 82% share of total exports. Moreover, liquid fuel furnace burner exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled -10.9%.

In value terms, Russia ($X) remains the key foreign market for furnace burners for liquid fuel exports from Belarus, comprising 84% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -12.9%.

Export Prices by Country

In 2021, the average liquid fuel furnace burner export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 75%. Over the period under review, the average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Kazakhstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (-2.1%), while the prices for the other major destinations experienced a decline.

Imports of Furnace Burners For Liquid Fuel

Imports into Belarus

In 2021, liquid fuel furnace burner imports into Belarus surged to X tons, jumping by 29% compared with the previous year's figure. Over the period under review, imports posted a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 233%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, liquid fuel furnace burner imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 85%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of liquid fuel furnace burner to Belarus, accounting for a 73% share of total imports. Moreover, liquid fuel furnace burner imports from China exceeded the figures recorded by the second-largest supplier, Russia (X tons), sixfold. Lithuania (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +89.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+18.9% per year) and Lithuania (+37.5% per year).

In value terms, Russia ($X), China ($X) and the United States ($X) appeared to be the largest liquid fuel furnace burner suppliers to Belarus, with a combined 76% share of total imports.

China, with a CAGR of +68.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, declining by -5.1% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 90% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+7.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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