Kenya: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Kenya

The Kenyan liquid fuel furnace burner market shrank notably to $X in 2021, declining by -25% against the previous year. In general, consumption recorded a abrupt descent. Liquid fuel furnace burner consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Furnace Burners For Liquid Fuel in Kenya

In value terms, liquid fuel furnace burner production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 100%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Kenya

In 2021, approx. X kg of furnace burners for liquid fuel were exported from Kenya; reducing by -63.7% compared with the previous year. Over the period under review, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2013 when exports increased by 835%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, liquid fuel furnace burner exports dropped dramatically to $X in 2021. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 1,351%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Rwanda (X kg), Tanzania (X kg) and India (X kg) were the main destinations of liquid fuel furnace burner exports from Kenya, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Rwanda (with a CAGR of -3.0%), while shipments for the other leaders experienced a decline.

In value terms, Tanzania ($X) remains the key foreign market for furnace burners for liquid fuel exports from Kenya, comprising 66% of total exports. The second position in the ranking was taken by India ($X), with a 16% share of total exports. It was followed by Rwanda, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Tanzania stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-21.3% per year) and Rwanda (-12.8% per year).

Export Prices by Country

In 2021, the average liquid fuel furnace burner export price amounted to $X per ton, picking up by 4.7% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid fuel furnace burner export price increased by +103.4% against 2016 indices. The pace of growth appeared the most rapid in 2015 an increase of 105%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Tanzania ($X per ton), while the average price for exports to South Sudan ($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 India (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Kenya

After three years of growth, overseas purchases of furnace burners for liquid fuel decreased by -43.5% to X tons in 2021. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of 152% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports soared to $X in 2021. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2015 when imports increased by 121% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Australia (X tons) were the main suppliers of liquid fuel furnace burner imports to Kenya, with a combined 60% share of total imports. These countries were followed by Germany, the UK, Mozambique, Italy and South Africa, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +14.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid fuel furnace burner suppliers to Kenya were Germany ($X), Australia ($X) and the UK ($X), with a combined 58% share of total imports. India, Mozambique, South Africa, China and Italy lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, Italy, with a CAGR of +4.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, growing by 119% against the previous year. Over the period under review, the import price enjoyed a notable increase. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood 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 South Africa (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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