Colombia: Furnace Burner Market 2025

Furnace Burner Market Size in Colombia

The Colombian furnace burner market skyrocketed to $X in 2021, picking up by 84% 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, recorded a noticeable shrinkage. Furnace burner consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Furnace Burner Exports

Exports from Colombia

In 2021, overseas shipments of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers were finally on the rise to reach X tons after three years of decline. In general, exports posted modest growth. The most prominent rate of growth was recorded in 2017 when exports increased by 984%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, furnace burner exports soared to $X in 2021. Over the period under review, exports, however, recorded a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 587% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Peru (X tons) was the main destination for furnace burner exports from Colombia, with a 58% share of total exports. Moreover, furnace burner exports to Peru exceeded the volume sent to the second major destination, Ecuador (X tons), twofold. The third position in this ranking was held by Bolivia (X kg), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru amounted to +9.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+40.1% per year) and Bolivia (+65.0% per year).

In value terms, the largest markets for furnace burner exported from Colombia were Ecuador ($X), Peru ($X) and Mexico ($X), with a combined 84% share of total exports. These countries were followed by Bolivia, Costa Rica, Panama, Nicaragua and Chile, which together accounted for a further 13%.

Bolivia, with a CAGR of +47.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average furnace burner export price amounted to $X per ton, shrinking by -28% against the previous year. Overall, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2019 an increase of 58%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Nicaragua ($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 Panama (+21.3%), while the prices for the other major destinations experienced mixed trend patterns.

Furnace Burner Imports

Imports into Colombia

In 2021, the amount of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers imported into Colombia surged to X tons, jumping by 115% on the previous year. Over the period under review, imports posted tangible growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, furnace burner imports surged to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the United States (X tons) and Turkey (X tons) were the main suppliers of furnace burner imports to Colombia, with a combined 76% share of total imports. These countries were followed by Taiwan (Chinese), Italy, Brazil, Spain, Mexico and India, 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 Taiwan (Chinese) (with a CAGR of +108.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers to Colombia, comprising 58% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by Turkey, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-13.7% per year) and Turkey (+61.3% per year).

Import Prices by Country

The average furnace burner import price stood at $X per ton in 2021, falling by -17.4% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The growth pace was the most rapid in 2019 an increase of 14% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+48.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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