Luxembourg: Furnace Burner Market 2024

Furnace Burner Market Size in Luxembourg

The Luxembourg furnace burner market shrank remarkably to $X in 2021, which is down by -24.5% against the previous year. Overall, consumption saw a perceptible setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Furnace Burner Production in Luxembourg

In value terms, furnace burner production reduced to $X in 2021 estimated in export price. Overall, production showed a abrupt slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 47% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Furnace Burner Exports

Exports from Luxembourg

Furnace burner exports from Luxembourg stood at X tons in 2021, standing approx. at 2020. Overall, exports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2018 with an increase of 1,145%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, furnace burner exports shrank to $X in 2021. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 1,770% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for furnace burner exports from Luxembourg, accounting for a 50% share of total exports. Moreover, furnace burner exports to India exceeded the volume sent to the second major destination, Indonesia (X tons), fivefold. Nigeria (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+48.8% per year) and Nigeria (+9.6% per year).

In value terms, the largest markets for furnace burner exported from Luxembourg were India ($X), Senegal ($X) and Indonesia ($X), together comprising 34% of total exports.

In terms of the main countries of destination, Senegal, with a CAGR of +808.4%, recorded 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

In 2021, the average furnace burner export price amounted to $X per ton, flattening at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 50% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to India ($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 Senegal (+262.8%), while the prices for the other major destinations experienced more modest paces of growth.

Furnace Burner Imports

Imports into Luxembourg

In 2021, the amount of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers imported into Luxembourg surged to X tons, rising by 57% compared with the previous year's figure. In general, imports saw a tangible expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 110% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, furnace burner imports reached $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of furnace burner to Luxembourg, accounting for a 58% share of total imports. Moreover, furnace burner imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The third position in this ranking was taken by Qatar (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+129.0% per year) and Qatar (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers to Luxembourg, comprising 72% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports. It was followed by Belgium, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+108.3% per year) and Belgium (-6.7% per year).

Import Prices by Country

In 2021, the average furnace burner import price amounted to $X per ton, reducing by -35.6% against the previous year. Overall, the import price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 104%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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