Ukraine: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in Ukraine

The Ukrainian solid fuel furnace burner market shrank to $X in 2021, reducing by -8.9% against the previous year. Over the period under review, consumption, however, recorded a pronounced setback. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Ukraine

In value terms, solid fuel furnace burner production dropped to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44% against the previous year. Solid fuel furnace burner production peaked at $X in 2020, and then dropped in the following year.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Ukraine

In 2021, approx. X tons of furnace burners for solid fuel or gas were exported from Ukraine; falling by -63.5% compared with 2020. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 544% against the previous year. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, solid fuel furnace burner exports dropped significantly to $X in 2021. Over the period under review, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of 271% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Russia (X tons) was the main destination for solid fuel furnace burner exports from Ukraine, accounting for a 58% share of total exports. Moreover, solid fuel furnace burner exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), sixfold. Uzbekistan (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+51.9% per year) and Uzbekistan (-2.8% per year).

In value terms, Russia ($X) emerged as the key foreign market for solid fuel furnace burner exports from Ukraine, comprising 59% of total exports. The second position in the ranking was held by Belarus ($X), with an 11% share of total exports. It was followed by Lithuania, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+35.9% per year) and Lithuania (+88.3% per year).

Export Prices by Country

The average solid fuel furnace burner export price stood at $X per ton in 2021, jumping by 36% against the previous year. Overall, the export price continues to indicate a moderate expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 131%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Lithuania ($X per ton), while the average price for exports to Uzbekistan ($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 Lithuania (+59.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Ukraine

In 2021, overseas purchases of furnace burners for solid fuel or gas decreased by -28.4% to X tons, falling for the third year in a row after three years of growth. In general, imports showed a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 33% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, solid fuel furnace burner imports contracted markedly to $X in 2021. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 99%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Hungary (X tons), Poland (X tons) and Italy (X tons) were the main suppliers of solid fuel furnace burner imports to Ukraine, together comprising 72% of total imports. These countries were followed by Germany, the Czech Republic, Russia and Turkey, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +4.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Poland ($X) and Hungary ($X) appeared to be the largest solid fuel furnace burner suppliers to Ukraine, together comprising 63% of total imports. These countries were followed by Germany, Turkey, Russia and the Czech Republic, which together accounted for a further 27%.

Turkey, with a CAGR of +11.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, dropping by -24% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 an increase of 49% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then contracted notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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