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

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

After three years of decline, the Brazilian solid fuel furnace burner market increased by 163% to $X in 2021. In general, consumption, however, continues to indicate a abrupt setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Brazil

In 2021, exports of furnace burners for solid fuel or gas from Brazil declined notably to X tons, waning by -35.8% against 2020 figures. Overall, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of 408%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, solid fuel furnace burner exports dropped modestly to $X in 2021. Over the period under review, exports, however, continue to indicate measured growth. The growth pace was the most rapid in 2013 when exports increased by 527% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for solid fuel furnace burner exports from Brazil, with a 41% share of total exports. Moreover, solid fuel furnace burner exports to the United States exceeded the volume sent to the second major destination, Paraguay (X tons), threefold. Chile (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +41.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (-5.9% per year) and Chile (+29.0% per year).

In value terms, India ($X) remains the key foreign market for solid fuel furnace burner exports from Brazil, comprising 36% of total exports. The second position in the ranking was held by Chile ($X), with a 13% share of total exports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+18.1% per year) and the United States (+26.8% per year).

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, increasing by 55% against the previous year. In general, the export price saw a resilient expansion. The pace of growth appeared the most rapid in 2015 when the average export price increased by 157% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was India ($X per ton), while the average price for exports to Paraguay ($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 Germany (+13.4%), 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 Brazil

In 2021, purchases abroad of furnace burners for solid fuel or gas increased by 97% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt decline. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, solid fuel furnace burner imports surged to $X in 2021. In general, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2017 when imports increased by 66% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of solid fuel furnace burner imports to Brazil, with a combined 73% share of total imports. These countries were followed by China, Finland, Mexico and Norway, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +84.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) constituted the largest solid fuel furnace burner suppliers to Brazil, together comprising 75% of total imports. Finland, China, Mexico and Norway lagged somewhat behind, together accounting for a further 15%.

In terms of the main suppliers, Mexico, with a CAGR of +57.3%, recorded the highest growth rate of 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

In 2021, the average solid fuel furnace burner import price amounted to $X per ton, falling by -17.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 49%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Finland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+35.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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