Latvia: Furnace Burner Market 2020

Furnace Burner Market Size in Latvia

The revenue of the furnace burner market in Latvia amounted to $X in 2018, shrinking 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). Overall, furnace burner consumption continues to indicate a drastic slump. The pace of growth appeared the most rapid in 2015 when the market value increased by X% against the previous year. Latvia furnace burner consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Furnace Burner Exports

Exports from Latvia

In 2018, the amount of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exported from Latvia stood at X tons, growing by X% against the previous year. In general, furnace burner exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. In that year, furnace burner exports reached their peak of X tons. From 2012 to 2018, the growth of furnace burner exports failed to regain its momentum.

In value terms, furnace burner exports amounted to $X in 2018. Overall, furnace burner exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, furnace burner exports attained their maximum at $X in 2011; however, from 2012 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 key exporters of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, together achieving 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) followed a long way behind the leaders.

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, Germany ($X), Italy ($X) and the U.S. ($X) constituted the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by China, Austria, the UK, the Netherlands, South Korea, France, Russia and Latvia, which together accounted for a further X terms of the main exporting countries, South Korea experienced 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

The furnace burner export price in Latvia stood at $X per ton in 2018, rising by X% against the previous year. In general, the furnace burner export price continues to indicate a moderate expansion. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. Latvia export price peaked in 2018 and is expected to retain its growth in the near future.

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 Latvia

In 2018, the imports of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers into Latvia amounted to X tons, lowering by -X% against the previous year. Over the period under review, furnace burner imports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, furnace burner imports attained their peak figure at X tons in 2012; however, from 2013 to 2018, imports failed to regain their momentum.

In value terms, furnace burner imports totaled $X in 2018. Over the period under review, furnace burner imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2017 when imports increased by X% y-o-y. Latvia 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 major importers of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, together mixing up 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) occupied 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 ($X) constitutes the largest market for imported furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers into Latvia, comprising X% of global imports. The second position in the ranking was occupied by the U.S. ($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 stood at +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

The furnace burner import price in Latvia stood at $X per ton in 2018, falling by -X% against the previous year. Over the period under review, the furnace burner import price continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. In that year, the import prices for furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers reached their peak level of $X per ton. From 2009 to 2018, the growth in terms of the import prices for furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, 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