Northern America: Furnace Burner Market 2024

Furnace Burner Market Size in Northern America

In 2021, the North American furnace burner market increased by 3.5% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Furnace Burner Production in Northern America

In value terms, furnace burner production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2016 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Furnace Burner Exports

Exports in Northern America

Furnace burner exports declined remarkably to X tons in 2021, with a decrease of -37.2% against the year before. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of 64% against the previous year. The volume of export 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 reduced dramatically to $X in 2021. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 23% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The United States represented the major exporter of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers in Northern America, with the volume of exports recording X tons, which was near 67% of total exports in 2021. It was distantly followed by Canada (X tons), mixing up a 33% share of total exports.

Exports from the United States decreased at an average annual rate of -14.7% from 2012 to 2021. Canada (-6.6%) illustrated a downward trend over the same period. While the share of Canada (+15 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-15.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest furnace burner supplier in Northern America, comprising 77% of total exports. The second position in the ranking was held by Canada ($X), with a 23% share of total exports.

In the United States, furnace burner exports plunged by an average annual rate of -8.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, surging by 25% against the previous year. Export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, furnace burner export price increased by +57.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by 33% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 (+7.1%).

Furnace Burner Imports

Imports in Northern America

In 2021, approx. X tons of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers were imported in Northern America; falling by -11.2% against the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 67%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, furnace burner imports declined to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons) and Canada (X tons) represented roughly 100% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +1.8%).

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

The United States, with a CAGR of +1.1%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 42% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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