CIS: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in CIS

In 2021, after two years of growth, there was significant decline in the CIS liquid fuel furnace burner market, when its value decreased by -25.3% to $X. Overall, consumption, however, continues to indicate a modest expansion. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Production of Furnace Burners For Liquid Fuel in CIS

In value terms, liquid fuel furnace burner production shrank dramatically to $X in 2021 estimated in export price. In general, production, however, enjoyed measured growth. The pace of growth appeared the most rapid in 2020 with an increase of 133%. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports in CIS

In 2021, overseas shipments of furnace burners for liquid fuel decreased by -5.7% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 75%. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports skyrocketed to $X in 2021. Overall, exports saw a noticeable decrease. The pace of growth was the most pronounced in 2019 when exports increased by 51%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Russia represented the main exporter of furnace burners for liquid fuel in the CIS, with the volume of exports reaching X tons, which was approx. 60% of total exports in 2021. It was distantly followed by Belarus (X tons), committing a 35% share of total exports. Kazakhstan (X kg) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of -0.8%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Russia ($X) emerged as the largest liquid fuel furnace burner supplier in the CIS, comprising 76% of total exports. The second position in the ranking was held by Belarus ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to +9.3%. In the other countries, the average annual rates were as follows: Belarus (-12.2% per year) and Kazakhstan (-24.2% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 40% against the previous year. Over the period under review, the export price recorded perceptible growth. The most prominent rate of growth was recorded in 2019 when the export price increased by 52%. The level of export peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+10.2%), while the other leaders experienced a decline in the export price figures.

Imports of Furnace Burners For Liquid Fuel

Imports in CIS

After three years of decline, overseas purchases of furnace burners for liquid fuel increased by 27% to X tons in 2021. In general, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 103% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports surged to $X in 2021. Overall, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 85%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia represented the largest importer of furnace burners for liquid fuel in the CIS, with the volume of imports recording X tons, which was approx. 63% of total imports in 2021. It was distantly followed by Kazakhstan (X tons) and Belarus (X tons), together constituting a 30% share of total imports. Azerbaijan (X tons) and Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to liquid fuel furnace burner imports into Russia stood at -7.4%. At the same time, Uzbekistan (+91.1%) and Belarus (+5.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +91.1% from 2012-2021. By contrast, Azerbaijan (-1.0%) and Kazakhstan (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Kazakhstan, Belarus and Uzbekistan increased by +5.9, +4.5 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported furnace burners for liquid fuel in the CIS, comprising 71% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 21% share of total imports. It was followed by Belarus, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled -4.2%. In the other countries, the average annual rates were as follows: Kazakhstan (-0.6% per year) and Belarus (-6.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, rising by 8.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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