Belgium: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Belgium

For the third year in a row, the Belgian liquid fuel furnace burner market recorded growth in sales value, which increased by 18% to $X in 2021. In general, consumption saw tangible growth. Liquid fuel furnace burner consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Furnace Burners For Liquid Fuel in Belgium

In value terms, liquid fuel furnace burner production declined sharply to $X in 2021 estimated in export price. In general, production, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 148%. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Belgium

In 2021, after four years of growth, there was significant decline in shipments abroad of furnace burners for liquid fuel, when their volume decreased by -9.2% to X tons. In general, exports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 196% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, liquid fuel furnace burner exports soared to $X in 2021. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 200% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X tons), Norway (X tons) and Lebanon (X tons) were the main destinations of liquid fuel furnace burner exports from Belgium, together accounting for 52% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lebanon (with a CAGR of +355.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquid fuel furnace burner exported from Belgium were Sweden ($X), Lebanon ($X) and Ethiopia ($X), with a combined 37% share of total exports.

Lebanon, with a CAGR of +592.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, with an increase of 56% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+55.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Belgium

After three years of decline, overseas purchases of furnace burners for liquid fuel increased by 151% to X tons in 2021. Overall, imports posted a tangible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquid fuel furnace burner imports surged to $X in 2021. Over the period under review, imports posted mild growth. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest liquid fuel furnace burner supplier to Belgium, accounting for a 56% share of total imports. Moreover, liquid fuel furnace burner imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. Japan (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+6.2% per year) and Japan (+76.4% per year).

In value terms, Germany ($X) constituted the largest supplier of furnace burners for liquid fuel to Belgium, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Japan, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.7% per year) and Japan (+62.2% per year).

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, reducing by -25% against the previous year. Overall, the import price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2020 an increase of 24%. As a result, import price reached the peak level of $X per ton, and then fell notably in the following year.

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 Germany (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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