Portugal: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Portugal

The Portuguese liquid fuel furnace burner market contracted rapidly to $X in 2021, with a decrease of -29.5% against the previous year. Over the period under review, consumption, however, continues to indicate a mild increase. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Production of Furnace Burners For Liquid Fuel in Portugal

In value terms, liquid fuel furnace burner production contracted markedly to $X in 2021 estimated in export price. Over the period under review, production, however, saw tangible growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 116% against the previous year. As a result, production reached the peak level of $X, and then shrank remarkably in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Portugal

In 2021, shipments abroad of furnace burners for liquid fuel was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2013 with an increase of 175%. 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, liquid fuel furnace burner exports soared to $X in 2021. Overall, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 144% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X tons) was the main destination for liquid fuel furnace burner exports from Portugal, with a 40% share of total exports. Moreover, liquid fuel furnace burner exports to Egypt exceeded the volume sent to the second major destination, China (X tons), threefold. Italy (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Egypt amounted to +2,980.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+120.6% per year) and Italy (-8.9% per year).

In value terms, Egypt ($X) remains the key foreign market for furnace burners for liquid fuel exports from Portugal, comprising 71% of total exports. The second position in the ranking was taken by China ($X), with a 6.7% share of total exports. It was followed by Italy, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Egypt totaled +6,690.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+125.5% per year) and Italy (-0.3% per year).

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, jumping by 24% against the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 125% against the previous year. Over the period under review, the average export 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 for the major external markets. In 2021, the country with the highest price was Egypt ($X per ton), while the average price for exports to Angola ($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 Egypt (+123.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Portugal

Liquid fuel furnace burner imports into Portugal dropped sharply to X tons in 2021, falling by -47.2% against the previous year. Over the period under review, imports saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 502% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports plummeted to $X in 2021. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 293% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and Turkey (X tons) were the main suppliers of liquid fuel furnace burner imports to Portugal, with a combined 72% share of total imports. The Netherlands, Poland, Serbia and the United States lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +41.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest liquid fuel furnace burner suppliers to Portugal were Spain ($X), Italy ($X) and Turkey ($X), with a combined 69% share of total imports. These countries were followed by the Netherlands, the United States, Poland and Serbia, which together accounted for a further 26%.

In terms of the main suppliers, Serbia, with a CAGR of +19.8%, recorded 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

The average liquid fuel furnace burner import price stood at $X per ton in 2021, with an increase of 2.4% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid fuel furnace burner import price decreased by -13.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 91% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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