Northern America: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in Northern America

The North American solid fuel furnace burner market rose modestly to $X in 2021, surging by 1.5% against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Northern America

In value terms, solid fuel furnace burner production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2016 with an increase of 27%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Northern America

In 2021, approx. X tons of furnace burners for solid fuel or gas were exported in Northern America; reducing by -35% against the previous year's figure. Over the period under review, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 112%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, solid fuel furnace burner exports dropped rapidly to $X in 2021. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 34%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, the United States (X tons) represented the main exporter of furnace burners for solid fuel or gas, comprising 83% of total exports. It was distantly followed by Canada (X tons), constituting a 17% share of total exports.

The United States was also the fastest-growing in terms of the furnace burners for solid fuel or gas exports, with a CAGR of -9.8% from 2012 to 2021. Canada (-12.5%) illustrated a downward trend over the same period. The United States (+4.3 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -4.3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest solid fuel furnace burner supplier in Northern America, comprising 78% of total exports. The second position in the ranking was held by Canada ($X), with a 22% share of total exports.

In the United States, solid fuel furnace burner exports shrank by an average annual rate of -7.8% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 14% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% 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 +25.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 58%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.5%).

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in Northern America

In 2021, supplies from abroad of furnace burners for solid fuel or gas decreased by -1.7% to X tons, falling for the second year in a row after four years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, solid fuel furnace burner imports shrank to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 30%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the main importer of furnace burners for solid fuel or gas in Northern America, with the volume of imports accounting for X tons, which was approx. 63% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 37% share of total imports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +2.0%).

In value terms, the largest solid fuel furnace burner importing markets in Northern America were the United States ($X) and Canada ($X).

Among the main importing countries, the United States, with a CAGR of +2.1%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -7.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 15% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+0.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :