MERCOSUR: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in MERCOSUR

The MERCOSUR solid fuel furnace burner market surged to $X in 2021, picking up by 31% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Furnace Burners For Solid Fuel Or Gas in MERCOSUR

In value terms, solid fuel furnace burner production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in MERCOSUR

In 2021, the amount of furnace burners for solid fuel or gas exported in MERCOSUR contracted sharply to X tons, waning by -40.5% on 2020. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 163%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, solid fuel furnace burner exports fell rapidly to $X in 2021. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 230% against the previous year. 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

In 2021, Brazil (X tons) represented the major exporter of furnace burners for solid fuel or gas, creating 79% of total exports. It was distantly followed by Ecuador (X tons), achieving a 15% share of total exports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to solid fuel furnace burner exports from Brazil stood at -4.5%. At the same time, Ecuador (+43.4%) and Peru (+15.2%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +43.4% from 2012-2021. While the share of Brazil (+43 p.p.), Ecuador (+15 p.p.) and Peru (+3.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest solid fuel furnace burner supplier in MERCOSUR, comprising 91% of total exports. The second position in the ranking was held by Ecuador ($X), with a 5% share of total exports.

In Brazil, solid fuel furnace burner exports increased at an average annual rate of +3.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (+37.4% per year) and Peru (+8.4% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, rising by 25% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, solid fuel furnace burner export price increased by +9.4% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 92%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+8.3%), while the other leaders experienced a decline in the export price figures.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in MERCOSUR

Solid fuel furnace burner imports soared to X tons in 2021, surging by 51% compared with the previous year. Over the period under review, imports, however, saw a pronounced setback. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, solid fuel furnace burner imports surged to $X in 2021. Overall, imports, however, saw a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons), Peru (X tons), Ecuador (X tons) and Argentina (X tons) represented the main importer of furnace burners for solid fuel or gas in MERCOSUR, generating 78% of total import. It was distantly followed by Colombia (X tons) and Chile (X tons), together creating a 17% share of total imports. Guyana (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Guyana (with a CAGR of +48.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in MERCOSUR, comprising 43% of total imports. The second position in the ranking was held by Chile ($X), with a 16% share of total imports. It was followed by Argentina, with a 13% share.

In Brazil, solid fuel furnace burner imports declined by an average annual rate of -6.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+7.7% per year) and Argentina (-3.5% per year).

Import Prices by Country

In 2021, the import price in MERCOSUR amounted to $X per ton, declining by -5.8% against the previous year. In general, the import price recorded a perceptible decrease. The pace of growth was the most pronounced in 2017 an increase of 30%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+3.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform