Slovakia: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Slovakia

After two years of growth, the Slovak liquid fuel furnace burner market decreased by -20.5% to $X in 2021. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then dropped rapidly in the following year.

Production of Furnace Burners For Liquid Fuel in Slovakia

In value terms, liquid fuel furnace burner production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 78%. As a result, production reached the peak level of $X, and then contracted markedly in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Slovakia

After three years of decline, overseas shipments of furnace burners for liquid fuel increased by 447% to X tons in 2021. In general, exports, however, saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of 671%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports surged to $X in 2021. Over the period under review, exports, however, recorded a pronounced contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Indonesia (X kg), Ukraine (X kg) and Malaysia (X kg) were the main destinations of liquid fuel furnace burner exports from Slovakia, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +58.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for liquid fuel furnace burner exported from Slovakia were Ukraine ($X), Malaysia ($X) and Indonesia ($X), together comprising 97% of total exports.

Among the main countries of destination, Ukraine, with a CAGR of +76.1%, saw the highest growth rate of 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 25% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 124%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Indonesia ($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 Italy (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Slovakia

In 2021, overseas purchases of furnace burners for liquid fuel decreased by -30.2% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by 250% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then dropped rapidly in the following year.

In value terms, liquid fuel furnace burner imports reduced dramatically to $X in 2021. Overall, imports saw a noticeable contraction. The growth pace was the most rapid in 2015 with an increase of 211% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then shrank notably in the following year.

Imports by Country

In 2021, Poland (X tons) constituted the largest liquid fuel furnace burner supplier to Slovakia, with a 68% share of total imports. Moreover, liquid fuel furnace burner imports from Poland exceeded the figures recorded by the second-largest supplier, Austria (X kg), sixfold. The third position in this ranking was held by Serbia (X kg), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +27.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+52.2% per year) and Serbia (+44.1% per year).

In value terms, the largest liquid fuel furnace burner suppliers to Slovakia were Poland ($X), Serbia ($X) and Germany ($X), together comprising 81% of total imports. Austria, the Czech Republic, the Netherlands, China and Italy lagged somewhat behind, together comprising a further 17%.

Austria, with a CAGR of +35.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, waning by -16.6% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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