United Kingdom: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in the UK

The UK solid fuel furnace burner market surged to $X in 2021, jumping by 148% against the previous year. Overall, consumption, however, recorded a drastic downturn. Solid fuel furnace burner consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in the UK

In value terms, solid fuel furnace burner production expanded to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 37%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from the UK

In 2021, shipments abroad of furnace burners for solid fuel or gas decreased by -20.9% to X tons, falling for the second consecutive year after three years of growth. Overall, exports faced a deep reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 28% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, solid fuel furnace burner exports declined notably to $X in 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for solid fuel furnace burner exports from the UK, accounting for a 24% share of total exports. Moreover, solid fuel furnace burner exports to the United Arab Emirates exceeded the volume sent to the second major destination, the United States (X tons), twofold. France (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +26.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.8% per year) and France (+0.3% per year).

In value terms, the United Arab Emirates ($X), the United States ($X) and South Africa ($X) were the largest markets for solid fuel furnace burner exported from the UK worldwide, together comprising 49% of total exports.

The United Arab Emirates, with a CAGR of +45.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, with a decrease of -8.3% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, solid fuel furnace burner export price increased by +41.1% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 54%. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was South Africa ($X per ton), while the average price for exports to France ($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 the United Arab Emirates (+14.4%), 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 the UK

In 2021, the amount of furnace burners for solid fuel or gas imported into the UK surged to X tons, jumping by 79% compared with the previous year. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, solid fuel furnace burner imports soared to $X in 2021. Over the period under review, imports recorded a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 97%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of solid fuel furnace burner imports to the UK, with a combined 80% share of total imports. These countries were followed by the Netherlands, Ireland, the United States and Belgium, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +56.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of solid fuel furnace burner to the UK, comprising 43% of total imports. The second position in the ranking was taken by Italy ($X), with a 20% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.9% per year) and China (+17.2% per year).

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, dropping by -1.9% against the previous year. Overall, the import price saw a pronounced downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 57%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :