World - Furnace Burners For Liquid Fuel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLiquid Fuel Furnace Burner Market
The global market for liquid fuel furnace burners is projected to experience a slight increase in performance over the next eight years, with a forecasted rise in both market volume and value. China stands out as the largest consumer and producer of liquid fuel furnace burners, while Italy leads in exports. Market trends show relatively flat patterns in both consumption and production, with slight fluctuations in import and export prices. Despite a slight decrease in global imports and exports in 2022, overall market trends suggest steady growth in the industry.
Market Forecast
Driven by rising demand for liquid fuel furnace burner worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +1.4% for the period from 2022 to 2030, which is projected to bring the market volume to 6.8M units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.3% for the period from 2022 to 2030, which is projected to bring the market value to $1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Furnace Burners For Liquid Fuel
In 2022, the amount of furnace burners for liquid fuel consumed worldwide dropped to 6.1M units, waning by -3.4% on the previous year's figure. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, global consumption reached the peak volume at 6.7M units in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.
The global liquid fuel furnace burner market revenue fell to $798M in 2022, shrinking by -1.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the global market attained the peak level at $944M in 2018; however, from 2019 to 2022, consumption failed to regain momentum.
Consumption By Country
China (1.5M units) remains the largest liquid fuel furnace burner consuming country worldwide, accounting for 25% of total volume. Moreover, liquid fuel furnace burner consumption in China exceeded the figures recorded by the second-largest consumer, the United States (678K units), twofold. The third position in this ranking was taken by India (668K units), with an 11% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +2.0%. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (+5.7% per year) and India (+1.8% per year).
In value terms, the largest liquid fuel furnace burner markets worldwide were the United States ($160M), China ($102M) and India ($56M), together accounting for 40% of the global market.
Among the main consuming countries, the United States, with a CAGR of +6.1%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
In 2022, the highest levels of liquid fuel furnace burner per capita consumption was registered in the Netherlands (8.8 units per 1000 persons), followed by Canada (3.3 units per 1000 persons), Italy (2.8 units per 1000 persons) and the United States (2 units per 1000 persons), while the world average per capita consumption of liquid fuel furnace burner was estimated at 0.8 units per 1000 persons.
From 2012 to 2022, the average annual rate of growth in terms of the liquid fuel furnace burner per capita consumption in the Netherlands stood at +8.4%. In the other countries, the average annual rates were as follows: Canada (-2.1% per year) and Italy (-1.8% per year).
Production
World Production of Furnace Burners For Liquid Fuel
Global liquid fuel furnace burner production reduced modestly to 6.1M units in 2022, which is down by -3.5% against the previous year's figure. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 17% against the previous year. Over the period under review, global production attained the maximum volume at 7M units in 2018; however, from 2019 to 2022, production remained at a lower figure.
In value terms, liquid fuel furnace burner production rose modestly to $901M in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 14% against the previous year. Global production peaked at $990M in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Production By Country
China (1.7M units) constituted the country with the largest volume of liquid fuel furnace burner production, comprising approx. 28% of total volume. Moreover, liquid fuel furnace burner production in China exceeded the figures recorded by the second-largest producer, the United States (703K units), twofold. India (682K units) ranked third in terms of total production with an 11% share.
In China, liquid fuel furnace burner production increased at an average annual rate of +3.2% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+3.0% per year) and India (+2.1% per year).
Imports
World Imports of Furnace Burners For Liquid Fuel
In 2022, global imports of furnace burners for liquid fuel declined to 1.5M units, dropping by -7.9% compared with 2021 figures. Over the period under review, imports saw a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 13%. As a result, imports attained the peak of 2.2M units. From 2014 to 2022, the growth of global imports remained at a lower figure.
In value terms, liquid fuel furnace burner imports shrank to $228M in 2022. Overall, imports showed a pronounced contraction. The pace of growth was the most pronounced in 2018 when imports increased by 9.2% against the previous year. Global imports peaked at $335M in 2013; however, from 2014 to 2022, imports remained at a lower figure.
Imports By Country
The Netherlands (151K units), the UK (120K units), Germany (114K units), Canada (86K units), China (71K units), France (71K units), Spain (62K units), Italy (58K units), Belgium (56K units) and Indonesia (55K units) represented roughly 54% of total imports in 2022. The following importers - Denmark (36K units), Iraq (35K units) and the United States (35K units) - each recorded a 6.8% share of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +10.3%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the largest liquid fuel furnace burner importing markets worldwide were Germany ($17M), China ($16M) and Canada ($16M), together accounting for 22% of global imports.
Canada, with a CAGR of +3.0%, recorded 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
In 2022, the average liquid fuel furnace burner import price amounted to $147 per unit, remaining constant against the previous year. Overall, the import price, however, saw a slight slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 11%. Over the period under review, average import prices attained the peak figure at $172 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($263 per unit), while Indonesia ($34 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.4%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Furnace Burners For Liquid Fuel
In 2022, the amount of furnace burners for liquid fuel exported worldwide contracted to 1.6M units, falling by -8.3% on the previous year. Over the period under review, exports recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 when exports increased by 13% against the previous year. The global exports peaked at 2.2M units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.
In value terms, liquid fuel furnace burner exports dropped to $233M in 2022. Overall, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2021 when exports increased by 18%. Over the period under review, the global exports attained the peak figure at $378M in 2013; however, from 2014 to 2022, the exports remained at a lower figure.
Exports By Country
Italy represented the main exporting country with an export of around 560K units, which recorded 36% of total exports. It was distantly followed by China (244K units) and Germany (184K units), together achieving a 28% share of total exports. The following exporters - the United States (59K units), the Netherlands (53K units), India (49K units), France (35K units), Norway (34K units), Japan (33K units), Turkey (32K units), Canada (31K units), Sweden (28K units) and Spain (28K units) - together made up 24% of total exports.
Exports from Italy decreased at an average annual rate of -2.8% from 2012 to 2022. At the same time, Norway (+38.3%), Spain (+11.5%), India (+6.5%), China (+1.9%), Turkey (+1.9%) and the Netherlands (+1.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in the world, with a CAGR of +38.3% from 2012-2022. Canada experienced a relatively flat trend pattern. By contrast, France (-6.4%), Japan (-6.6%), Germany (-6.9%), Sweden (-7.2%) and the United States (-10.5%) illustrated a downward trend over the same period. China (+6.4 p.p.), Norway (+2.1 p.p.), India (+1.9 p.p.) and Italy (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while the United States and Germany saw its share reduced by -4.5% and -5.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Italy ($72M), Germany ($47M) and China ($22M) were the countries with the highest levels of exports in 2022, together comprising 61% of global exports. The United States, France, Japan, Canada, Sweden, Turkey, India, Norway, the Netherlands and Spain lagged somewhat behind, together comprising a further 24%.
Norway, with a CAGR of +26.7%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
The average liquid fuel furnace burner export price stood at $150 per unit in 2022, stabilizing at the previous year. Overall, the export price, however, saw a slight reduction. The growth pace was the most rapid in 2021 an increase of 4.9%. Over the period under review, the average export prices reached the peak figure at $174 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($286 per unit), while the Netherlands ($29 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for liquid fuel furnace burner. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28211130 - Furnace burners for liquid fuel
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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In 2016, approx. X tons of furnace burner were imported worldwide- coming down by -X% against the previous year level. In general, furnace burner imports continue to indicate a relatively flat ...
In 2016, approx. X tons of furnace burner were imported worldwide- coming down by -X% against the previous year level. In general, furnace burner imports continue to indicate a relatively flat ...