Europe: Furnace Burner Market 2024

Furnace Burner Market Size in Europe

The Europe furnace burner market skyrocketed to $X in 2021, increasing by 37% against the previous year. Over the period under review, consumption, however, recorded a mild setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Furnace Burner Production in Europe

In value terms, furnace burner production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 5.1%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Furnace Burner Exports

Exports in Europe

In 2021, shipments abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2017 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, furnace burner exports declined modestly to $X in 2021. In general, exports, however, showed a slight decline. The growth pace was the most rapid in 2017 when exports increased by 19%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Italy (X tons) and Germany (X tons) represented the largest exporters of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in Europe, together resulting at near 63% of total exports. Poland (X tons), the Netherlands (X tons), Hungary (X tons), Romania (X tons), Austria (X tons), Belgium (X tons) and Russia (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +13.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest furnace burner supplying countries in Europe were Germany ($X), Italy ($X) and the Netherlands ($X), with a combined 74% share of total exports. These countries were followed by Austria, Hungary, Belgium, Poland, Romania and Russia, which together accounted for a further 12%.

Among the main exporting countries, Hungary, with a CAGR of +14.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, reducing by -12.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.6%), while the other leaders experienced more modest paces of growth.

Furnace Burner Imports

Imports in Europe

After two years of decline, overseas purchases of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers increased by 45% to X tons in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, furnace burner imports soared to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the major importer of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in Europe, with the volume of imports amounting to X tons, which was near 36% of total imports in 2021. Russia (X tons) took a 13% share (based on physical terms) of total imports, which put it in second place, followed by Germany (6.3%), France (5.3%), Italy (5.2%) and Belgium (4.5%). The UK (X tons), Switzerland (X tons), Spain (X tons), Hungary (X tons), Slovakia (X tons) and Poland (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers imports, with a CAGR of +24.9% from 2012 to 2021. At the same time, Hungary (+24.5%), Belgium (+10.3%), Switzerland (+8.6%), Slovakia (+7.6%), Italy (+6.8%), Russia (+2.7%), Germany (+2.2%), Spain (+1.8%) and Poland (+1.3%) displayed positive paces of growth. The UK experienced a relatively flat trend pattern. By contrast, France (-1.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+28 p.p.) and Hungary (+2.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the UK (-2.2 p.p.), Germany (-2.2 p.p.), Russia (-3.8 p.p.) and France (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in Europe, comprising 22% of total imports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total imports. It was followed by France, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +2.0%. In the other countries, the average annual rates were as follows: Germany (+0.1% per year) and France (-0.8% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2021, which is down by -8.7% against the previous year. Overall, the import price showed a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of 5.4% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Poland ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform