Benelux: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Benelux

The Benelux liquid fuel furnace burner market rose sharply to $X in 2021, with an increase of 6.6% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Liquid Fuel in Benelux

In value terms, liquid fuel furnace burner production declined remarkably to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 1,834%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Furnace Burners For Liquid Fuel

Exports in Benelux

In 2021, overseas shipments of furnace burners for liquid fuel increased by 109% to X tons, rising for the second year in a row after two years of decline. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2017 when exports increased by 615% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports skyrocketed to $X in 2021. In general, exports, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2017 with an increase of 291% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands dominates exports structure, finishing at X tons, which was near 90% of total exports in 2021. It was distantly followed by Belgium (X tons), constituting an 8.3% share of total exports. Luxembourg (X tons) took a little share of total exports.

The Netherlands was also the fastest-growing in terms of the furnace burners for liquid fuel exports, with a CAGR of +10.0% from 2012 to 2021. At the same time, Belgium (+8.4%) and Luxembourg (+2.8%) displayed positive paces of growth. While the share of the Netherlands (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest liquid fuel furnace burner supplying countries in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X).

In terms of the main exporting countries, Belgium, with a CAGR of +7.5%, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, declining by -28.7% against the previous year. Over the period under review, the export price showed a deep downturn. The growth pace was the most rapid in 2018 an increase of 154%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.0%), while the other leaders experienced a decline in the export price figures.

Imports of Furnace Burners For Liquid Fuel

Imports in Benelux

In 2021, the amount of furnace burners for liquid fuel imported in Benelux skyrocketed to X tons, picking up by 119% compared with 2020. Over the period under review, imports posted a remarkable increase. 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 skyrocketed to $X in 2021. Total imports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands was the key importer of furnace burners for liquid fuel in Benelux, with the volume of imports resulting at X tons, which was approx. 68% of total imports in 2021. It was distantly followed by Belgium (X tons), creating a 30% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the furnace burners for liquid fuel imports, with a CAGR of +9.2% from 2012 to 2021. At the same time, Belgium (+4.2%) and Luxembourg (+2.0%) displayed positive paces of growth. The Netherlands (+10 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -8.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest liquid fuel furnace burner importing markets in Benelux were Belgium ($X), the Netherlands ($X) and Luxembourg ($X), together accounting for 99.9% of total imports.

The Netherlands, with a CAGR of +2.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, falling by -23.4% against the previous year. In general, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2017 when the import price increased by 23%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform