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

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

In 2021, the Belgian solid fuel furnace burner market increased by 243% to $X, rising for the second year in a row after two years of decline. Overall, consumption posted a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Furnace Burners For Solid Fuel Or Gas in Belgium

In value terms, solid fuel furnace burner production dropped markedly to $X in 2021 estimated in export price. In general, production recorded a sharp downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 328% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Belgium

Solid fuel furnace burner exports from Belgium declined slightly to X tons in 2021, remaining stable against the previous year. Over the period under review, exports showed a slight descent. The pace of growth appeared the most rapid in 2013 with an increase of 71%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, solid fuel furnace burner exports rose sharply to $X in 2021. Overall, total exports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.6% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 34% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and France (X tons) were the main destinations of solid fuel furnace burner exports from Belgium, together accounting for 47% of total exports. Sweden, the UK, the United States, Indonesia, Italy, China, Switzerland, Denmark, Poland and Egypt lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +83.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for solid fuel furnace burner exported from Belgium were Germany ($X), the Netherlands ($X) and France ($X), with a combined 55% share of total exports. These countries were followed by the UK, Italy, Switzerland, Sweden, Denmark, Indonesia, China, the United States, Poland and Egypt, which together accounted for a further 34%.

In terms of the main countries of destination, China, with a CAGR of +78.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, with an increase of 6.8% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +3.2% 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 export price decreased by -16.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Egypt ($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 Switzerland (+7.5%), 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 Belgium

In 2021, the amount of furnace burners for solid fuel or gas imported into Belgium surged to X tons, rising by 135% compared with 2020 figures. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, solid fuel furnace burner imports skyrocketed to $X in 2021. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.0% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of solid fuel furnace burner to Belgium, with a 69% share of total imports. Moreover, solid fuel furnace burner imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by China (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands stood at +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.6% per year) and China (+30.0% per year).

In value terms, Germany ($X), the Netherlands ($X) and China ($X) appeared to be the largest solid fuel furnace burner suppliers to Belgium, with a combined 83% share of total imports.

China, with a CAGR of +30.8%, recorded the highest growth rate of the value of imports, among 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 solid fuel furnace burner import price stood at $X per ton in 2021, dropping by -47.4% against the previous year. Overall, the import price showed a deep setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 44% against the previous year. Over the period under review, average import prices reached the peak figure 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 ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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