Central Asia: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Central Asia

The Central Asian liquid fuel furnace burner market dropped to $X in 2021, which is down by -8.7% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined in the following year.

Production of Furnace Burners For Liquid Fuel in Central Asia

In value terms, liquid fuel furnace burner production contracted rapidly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 83%. As a result, production attained the peak level of $X, and then fell sharply in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports in Central Asia

In 2021, shipments abroad of furnace burners for liquid fuel increased by 33% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, faced a abrupt decrease. The growth pace was the most rapid in 2017 when exports increased by 456% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports shrank to $X in 2021. In general, exports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2017 when exports increased by 570%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Kazakhstan (X kg) was the main exporter of furnace burners for liquid fuel, creating 77% of total exports. It was distantly followed by Kyrgyzstan (X kg), achieving a 23% share of total exports.

Exports from Kazakhstan decreased at an average annual rate of -17.9% from 2012 to 2021. At the same time, Kyrgyzstan (+40.8%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +40.8% from 2012-2021. While the share of Kyrgyzstan (+23 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kazakhstan (-23 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest liquid fuel furnace burner supplier in Central Asia, comprising 85% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Kazakhstan stood at -24.2%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, dropping by -34.2% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2019 when the export price increased by 49%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per ton), while Kyrgyzstan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-7.8%).

Imports of Furnace Burners For Liquid Fuel

Imports in Central Asia

In 2021, supplies from abroad of furnace burners for liquid fuel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports soared to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; afterwards, it flattened through to 2021.

Imports by Country

Kazakhstan dominates imports structure, reaching X tons, which was approx. 83% of total imports in 2021. Turkmenistan (X tons) took an 8.8% share (based on physical terms) of total imports, which put it in second place, followed by Uzbekistan (5.9%). Tajikistan (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to liquid fuel furnace burner imports into Kazakhstan stood at -2.0%. At the same time, Uzbekistan (+91.1%), Turkmenistan (+11.4%) and Tajikistan (+9.2%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +91.1% from 2012-2021. Uzbekistan (+5.9 p.p.) and Turkmenistan (+5.7 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported furnace burners for liquid fuel in Central Asia, comprising 88% of total imports. The second position in the ranking was taken by Uzbekistan ($X), with a 6% share of total imports. It was followed by Turkmenistan, with a 2.6% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan was relatively modest. In the other countries, the average annual rates were as follows: Uzbekistan (+89.7% per year) and Turkmenistan (+1.0% per year).

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, with a decrease of -1.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 91% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Tajikistan ($X per ton), while Turkmenistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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