Pakistan: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Pakistan

After two years of decline, the Pakistani liquid fuel furnace burner market increased by 602% to $X in 2021. Overall, consumption, however, faced a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Pakistan

In 2021, overseas shipments of furnace burners for liquid fuel decreased by -74.3% to X kg, falling for the second year in a row after three years of growth. Overall, exports, however, saw tangible growth. The most prominent rate of growth was recorded in 2014 when exports increased by 1,300% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, liquid fuel furnace burner exports reduced markedly to $X in 2021. Over the period under review, exports, however, posted a strong increase. The growth pace was the most rapid in 2014 with an increase of 1,530%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X kg), Saudi Arabia (X kg) and Oman (X kg) were the main destinations of liquid fuel furnace burner exports from Pakistan, with a combined 78% share of total exports. Moreover, liquid fuel furnace burner exports in Germany exceeded the figures recorded by the second-largest exporter, Saudi Arabia, twofold.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +8.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for liquid fuel furnace burner exported from Pakistan were Germany ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined 85% share of total exports. Oman and Slovenia lagged somewhat behind, together comprising a further 2.5%.

In terms of the main countries of destination, Slovenia, with a CAGR of +29.7%, recorded the highest rates of growth with regard to 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

The average liquid fuel furnace burner export price stood at $X per ton in 2021, jumping by 138% against the previous year. Over the period under review, the export price posted a pronounced increase. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Slovenia ($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 Saudi Arabia (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Liquid Fuel

Imports into Pakistan

In 2021, purchases abroad of furnace burners for liquid fuel increased by 341% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a precipitous setback. The growth pace was the most rapid in 2015 when imports increased by 1,237%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports soared to $X in 2021. In general, imports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 when imports increased by 1,904% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X kg), Singapore (X kg) and Sweden (X kg) were the main suppliers of liquid fuel furnace burner imports to Pakistan, with a combined 65% share of total imports. These countries were followed by Finland, India, Malaysia, the UK, Italy, the Czech Republic, South Africa, the United Arab Emirates and Turkey, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +11.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), China ($X) and Sweden ($X) appeared to be the largest liquid fuel furnace burner suppliers to Pakistan, with a combined 64% share of total imports. Finland, India, Malaysia, the UK, Italy, the Czech Republic, South Africa, the United Arab Emirates and Turkey lagged somewhat behind, together comprising a further 32%.

In terms of the main suppliers, Finland, with a CAGR of +59.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, increasing by 49% against the previous year. Overall, the import price saw a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of 50% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Finland ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+51.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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