United Kingdom: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in the UK

In 2021, the UK liquid fuel furnace burner market increased by 46% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.7% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Furnace Burners For Liquid Fuel in the UK

In value terms, liquid fuel furnace burner production contracted to $X in 2021 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 20%. Liquid fuel furnace burner production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Furnace Burners For Liquid Fuel

Exports from the UK

After three years of decline, shipments abroad of furnace burners for liquid fuel increased by 33% to X tons in 2021. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 109%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 135% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Germany (X tons) and Ireland (X tons) were the main destinations of liquid fuel furnace burner exports from the UK, together accounting for 55% of total exports. New Zealand, Vietnam, Sweden, France, the United States, Thailand, Poland, Jamaica, Switzerland and India lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +61.1%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from the UK, comprising 22% of total exports. The second position in the ranking was held by Ireland ($X), with a 10% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-7.6% per year) and the United States (+0.4% per year).

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, picking up by 5.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2014 an increase of 58% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Jamaica (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into the UK

In 2021, overseas purchases of furnace burners for liquid fuel increased by 72% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, liquid fuel furnace burner imports soared to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 35% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest liquid fuel furnace burner supplier to the UK, with a 80% share of total imports. Moreover, liquid fuel furnace burner imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from Italy totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.1% per year) and Germany (+6.7% per year).

In value terms, Italy ($X) constituted the largest supplier of furnace burners for liquid fuel to the UK, comprising 82% of total imports. The second position in the ranking was held by China ($X), with a 7.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Italy totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.5% per year) and Germany (+4.8% per year).

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, waning by -23.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 41% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (-0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :