Overview of the Global Market for Furnace Burners For Solid Fuel Or Gas

Market Size for Furnace Burners For Solid Fuel Or Gas

The global solid fuel furnace burner market was estimated at $X in 2021, surging by 4.2% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas

In value terms, solid fuel furnace burner production reached $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild setback. The pace of growth was the most pronounced in 2016 with an increase of 13% against the previous year. Over the period under review, global production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports

In 2021, the amount of furnace burners for solid fuel or gas exported worldwide declined slightly to X tons, waning by -4.7% on the previous year's figure. In general, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 26%. Over the period under review, the global exports attained the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, solid fuel furnace burner exports reduced rapidly to $X in 2021. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 23% against the previous year. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and China (X tons) represented roughly 59% of total exports in 2021. Romania (X tons), the United States (X tons), the United Arab Emirates (X tons), the Netherlands (X tons), Turkey (X tons), Taiwan (Chinese) (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of +23.8%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest solid fuel furnace burner supplying countries worldwide were Germany ($X), Italy ($X) and China ($X), together comprising 64% of global exports. These countries were followed by the United States, the Netherlands, Romania, Turkey, India, Taiwan (Chinese) and the United Arab Emirates, which together accounted for a further 13%.

Among the main exporting countries, India, with a CAGR of +9.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, reducing by -12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The pace of growth was the most pronounced in 2020 when the average export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while the United Arab Emirates ($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 (+8.7%), while the other global leaders experienced more modest paces of growth.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports

In 2021, purchases abroad of furnace burners for solid fuel or gas decreased by -11.3% to X tons, falling for the second year in a row after four years of growth. Overall, total imports indicated a noticeable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 38%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of global imports remained at a somewhat lower figure.

In value terms, solid fuel furnace burner imports reduced to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. Global imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The Netherlands was the main importing country with an import of around X tons, which amounted to 32% of total imports. It was distantly followed by China (X tons), mixing up a 4.9% share of total imports. Russia (X tons), Turkey (X tons), Indonesia (X tons), Belgium (X tons), Italy (X tons), Slovakia (X tons), the United States (X tons), Germany (X tons), Nigeria (X tons), the United Arab Emirates (X tons) and Canada (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to solid fuel furnace burner imports into the Netherlands stood at +28.3%. At the same time, Nigeria (+36.4%), Belgium (+13.8%), Slovakia (+8.0%), Germany (+2.8%), the United Arab Emirates (+2.1%) and the United States (+2.0%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +36.4% from 2012-2021. Turkey and Indonesia experienced a relatively flat trend pattern. By contrast, Italy (-1.1%), Russia (-2.6%), Canada (-2.7%) and China (-5.2%) illustrated a downward trend over the same period. The Netherlands (+27 p.p.), Nigeria (+2.3 p.p.) and Belgium (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while Russia and China saw its share reduced by -2.7% and -5.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest solid fuel furnace burner importing markets worldwide were China ($X), Russia ($X) and the United States ($X), together accounting for 26% of global imports. These countries were followed by Turkey, Germany, Canada, Slovakia, Italy, the Netherlands, Belgium, Indonesia, the United Arab Emirates and Nigeria, which together accounted for a further 25%.

Nigeria, with a CAGR of +11.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global 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, surging by 8.6% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 9% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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