Chile: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Chile

The Chilean liquid fuel furnace burner market contracted to $X in 2021, declining by -11.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a noticeable contraction. Liquid fuel furnace burner consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Chile

In 2021, shipments abroad of furnace burners for liquid fuel increased by 8.9% to X kg for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a dramatic downturn. The growth pace was the most rapid in 2017 with an increase of 1,933%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports surged to $X in 2021. In general, exports, however, recorded a dramatic setback. The growth pace was the most rapid in 2017 with an increase of 1,635% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X kg) was the main destination for liquid fuel furnace burner exports from Chile, with a 52% share of total exports. Moreover, liquid fuel furnace burner exports to Bolivia exceeded the volume sent to the second major destination, the United States (X kg), threefold. The third position in this ranking was taken by Ecuador (X kg), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia amounted to -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-41.6% per year) and Ecuador (-16.2% per year).

In value terms, Bolivia ($X), the United States ($X) and Paraguay ($X) appeared to be the largest markets for liquid fuel furnace burner exported from Chile worldwide, together comprising 88% of total exports.

Among the main countries of destination, Bolivia, with a CAGR of -11.5%, 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 a decline.

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, with an increase of 16% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 24%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Ecuador ($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 the United States (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Liquid Fuel

Imports into Chile

In 2021, the amount of furnace burners for liquid fuel imported into Chile expanded to X tons, surging by 1.6% against 2020 figures. Over the period under review, imports, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 30% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, liquid fuel furnace burner imports contracted dramatically to $X in 2021. In general, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2020 with an increase of 74% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest liquid fuel furnace burner supplier to Chile, with a 83% share of total imports. Moreover, liquid fuel furnace burner imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-20.3% per year) and China (+11.5% per year).

In value terms, Italy ($X) constituted the largest supplier of furnace burners for liquid fuel to Chile, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with a 4% share of total imports. It was followed by Canada, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-28.0% per year) and Canada (+31.3% per year).

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, shrinking by -19% against the previous year. Overall, the import price showed a pronounced contraction. The growth pace was the most rapid in 2020 when the average import price increased by 33%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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