U.S.: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in the U.S.

In 2021, after three years of growth, there was significant decline in the U.S. liquid fuel furnace burner market, when its value decreased by -22.5% to $X. In general, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted notably in the following year.

Production of Furnace Burners For Liquid Fuel in the U.S.

In value terms, liquid fuel furnace burner production contracted dramatically to $X in 2021. In general, production showed a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 88%. As a result, production reached the peak level of $X, and then shrank markedly in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from the U.S.

In 2021, shipments abroad of furnace burners for liquid fuel decreased by -39.3% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports saw a significant contraction. The pace of growth appeared the most rapid in 2016 with an increase of 150%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports reached $X in 2021. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 145% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for liquid fuel furnace burner exports from the United States, with a 59% share of total exports. Moreover, liquid fuel furnace burner exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. South Korea (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -19.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-17.9% per year) and South Korea (-24.5% per year).

In value terms, Canada ($X) remains the key foreign market for furnace burners for liquid fuel exports from the United States, comprising 66% of total exports. The second position in the ranking was held by Mexico ($X), with an 18% share of total exports. It was followed by Japan, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.7% per year) and Japan (+8.6% per year).

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, surging by 88% against the previous year. In general, the export price posted significant growth. The pace of growth appeared the most rapid in 2020 an increase of 441% against the previous year. The export price peaked in 2021 and is likely to continue 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 China ($X per ton), while the average price for exports to India ($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 China (+45.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into the U.S.

For the third consecutive year, the United States recorded decline in overseas purchases of furnace burners for liquid fuel, which decreased by -35.8% to X tons in 2021. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 when imports increased by 84% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, liquid fuel furnace burner imports dropped sharply to $X in 2021. In general, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2016 when imports increased by 53%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) constituted the largest liquid fuel furnace burner supplier to the United States, accounting for a 48% share of total imports. Moreover, liquid fuel furnace burner imports from Canada exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by India (X tons), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Canada amounted to -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.2% per year) and India (+66.6% per year).

In value terms, Canada ($X) constituted the largest supplier of furnace burners for liquid fuel to the United States, comprising 43% of total imports. The second position in the ranking was held by Italy ($X), with a 21% share of total imports. It was followed by India, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada totaled -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.9% per year) and India (+89.3% per year).

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, increasing by 23% against the previous year. In general, the import price posted buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of 72%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+26.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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