Luxembourg: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Luxembourg

The Luxembourg liquid fuel furnace burner market fell markedly to $X in 2021, which is down by -23.6% 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, consumption, however, saw a relatively flat trend pattern. Liquid fuel furnace burner consumption peaked at $X in 2020, and then dropped markedly in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Luxembourg

In 2021, after three years of decline, there was significant growth in shipments abroad of furnace burners for liquid fuel, when their volume increased by 4,613% to X tons. In general, exports posted a perceptible increase. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a tangible expansion. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for liquid fuel furnace burner exports from Luxembourg, with a 92% share of total exports. Moreover, liquid fuel furnace burner exports to Turkey exceeded the volume sent to the second major destination, Belgium (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-24.1% per year) and South Africa (+15.2% per year).

In value terms, Turkey ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from Luxembourg, comprising 92% of total exports. The second position in the ranking was taken by Belgium ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Turkey was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-24.9% per year) and South Africa (+23.8% per year).

Export Prices by Country

In 2021, the average liquid fuel furnace burner export price amounted to $X per ton, increasing by 32% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. 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 foreign markets. In 2021, the country with the highest price was South Africa ($X per ton), while the average price for exports to Belgium ($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 South Africa (+7.5%), while the prices for the other major destinations experienced a decline.

Imports of Furnace Burners For Liquid Fuel

Imports into Luxembourg

In 2021, liquid fuel furnace burner imports into Luxembourg amounted to X tons, increasing by 13% on the previous year's figure. Over the period under review, total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +104.3% against 2016 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 72% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, liquid fuel furnace burner imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 91%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) was the main liquid fuel furnace burner supplier to Luxembourg, accounting for a 92% share of total imports. Moreover, liquid fuel furnace burner imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +6.4%.

In value terms, Germany ($X) constituted the largest supplier of furnace burners for liquid fuel to Luxembourg, comprising 92% of total imports. The second position in the ranking was held by Belgium ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +5.3%.

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, surging by 3.5% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in 2018 an increase of 11%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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