Cyprus: Furnace Burner Market 2020

Furnace Burner Market Size in Cyprus

The revenue of the furnace burner market in Cyprus amounted to $X in 2018, falling by -X% 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). Over the period under review, furnace burner consumption continues to indicate a drastic downturn. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the furnace burner market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Furnace Burner Exports

Exports from Cyprus

In 2018, the amount of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exported from Cyprus stood at X kg, declining by -X% against the previous year. Over the period under review, furnace burner exports continue to indicate a dramatic drop. The pace of growth was the most pronounced in 2012 with an increase of X% y-o-y. Cyprus exports peaked at X tons in 2013; however, from 2014 to 2018, exports failed to regain their momentum.

In value terms, furnace burner exports totaled $X in 2018. Over the period under review, furnace burner exports continue to indicate a precipitous downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Cyprus exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Italy (X tons), distantly followed by Germany (X tons), China (X tons) and Austria (X tons) represented the main exporters of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, together mixing up X% of total exports. The U.S. (X tons), the UK (X tons), the Netherlands (X tons), Russia (X tons), France (X tons) and South Korea (X tons) held a relatively small share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Russia, while the other leaders experienced more modest paces of growth.

In value terms, the largest furnace burner markets from Cyprus were Germany ($X), Italy ($X) and the U.S. ($X), together accounting for X% of total exports. China, Austria, the UK, the Netherlands, South Korea, France, Russia and Cyprus lagged somewhat behind, together comprising a further X terms of the main exporting countries, South Korea recorded the highest growth rate of exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the furnace burner export price in Cyprus amounted to $X per ton, going down by -X% against the previous year. Over the period under review, the furnace burner export price continues to indicate a deep slump. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Cyprus export price peaked at $X per ton in 2007; however, from 2008 to 2018, export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was the U.S. ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Furnace Burner Imports

Imports into Cyprus

Furnace burner imports into Cyprus stood at X tons in 2018, coming down by -X% against the previous year. Over the period under review, furnace burner imports continue to indicate a drastic slump. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. In that year, furnace burner imports reached their peak of X tons. From 2009 to 2018, the growth of furnace burner imports remained at a somewhat lower figure.

In value terms, furnace burner imports totaled $X in 2018. Over the period under review, furnace burner imports continue to indicate a drastic curtailment. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Cyprus imports peaked at $X in 2008; however, from 2009 to 2018, imports failed to regain their momentum.

Imports by Country

In 2018, China (X tons), followed by the U.S. (X tons), Indonesia (X tons), Russia (X tons) and Italy (X tons) represented the main importers of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, together achieving X% of total imports. The UK (X tons), Vietnam (X tons), Germany (X tons), France (X tons), Spain (X tons), Turkey (X tons) and Saudi Arabia (X tons) took a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Indonesia, while the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers into Cyprus, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

From 2007 to 2018, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: the U.S. (+X% per year) and Russia (+X% per year).

Import Prices by Country

In 2018, the furnace burner import price in Cyprus amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price indicated a moderate expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, furnace burner import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. Cyprus import price peaked in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform