Italy: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Italy

The Italian liquid fuel furnace burner market fell markedly to $X in 2021, waning by -44.9% against the previous year. Over the period under review, consumption showed a pronounced contraction. As a result, consumption attained the peak level of $X, and then fell remarkably in the following year.

Production of Furnace Burners For Liquid Fuel in Italy

In value terms, liquid fuel furnace burner production declined remarkably to $X in 2021 estimated in export price. Overall, production saw a noticeable contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 77%. As a result, production attained the peak level of $X, and then declined notably in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Italy

After three years of decline, shipments abroad of furnace burners for liquid fuel increased by 4.7% to X tons in 2021. Over the period under review, exports, however, saw a mild decline. The pace of growth appeared the most rapid in 2016 when exports increased by 10%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 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, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons), the UK (X tons) and France (X tons) were the main destinations of liquid fuel furnace burner exports from Italy, together comprising 53% of total exports. Germany, Spain, China, Canada, Russia, Greece, India, Egypt and Belgium lagged somewhat behind, together comprising a further 31%.

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

In value terms, Ireland ($X), the UK ($X) and France ($X) appeared to be the largest markets for liquid fuel furnace burner exported from Italy worldwide, with a combined 48% share of total exports. These countries were followed by Germany, Spain, China, Russia, Canada, Greece, Belgium, Egypt and India, which together accounted for a further 33%.

In terms of the main countries of destination, Greece, with a CAGR of +13.3%, recorded the highest rates of growth with regard to 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

In 2021, the average liquid fuel furnace burner export price amounted to $X per ton, increasing by 21% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to India ($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 Spain (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Italy

Liquid fuel furnace burner imports into Italy reduced to X tons in 2021, with a decrease of -8.6% compared with 2020 figures. In general, total imports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.0% against 2017 indices. The growth pace was the most rapid in 2020 when imports increased by 37%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, liquid fuel furnace burner imports shrank to $X in 2021. Overall, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2017 when imports increased by 22% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest liquid fuel furnace burner supplier to Italy, accounting for a 89% share of total imports. Moreover, liquid fuel furnace burner imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. India (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.3% per year) and India (+186.8% per year).

In value terms, China ($X), Germany ($X) and France ($X) were the largest liquid fuel furnace burner suppliers to Italy, together comprising 80% of total imports. These countries were followed by India and the UK, which together accounted for a further 1.8%.

In terms of the main suppliers, India, with a CAGR of +80.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, flattening at the previous year. In general, the import price showed a abrupt contraction. The growth pace was the most rapid in 2017 when the average import price increased by 58%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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