Report Update: May 1, 2024

Panama - Furnace Burners For Liquid Fuel - Market Analysis, Forecast, Size, Trends And Insights

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Price for Liquid Fuel Furnace Burner in Panama - 2023

Price for Liquid Fuel Furnace Burner in Panama (CIF) - 2022

In 2022, the average liquid fuel furnace burner import price amounted to $181 per unit, reducing by -15% against the previous year. Overall, the import price, however, saw a strong increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 60% against the previous year. Over the period under review, average import prices reached the maximum at $233 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($190 per unit), while the price for Spain ($131 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Liquid Fuel Furnace Burner in Panama (FOB) - 2022

The average liquid fuel furnace burner export price stood at $216 per unit in 2022, growing by 5.2% against the previous year. Over the period under review, the export price saw a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 59%. Over the period under review, the average export prices reached the maximum at $229 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Venezuela ($266 per unit), while the average price for exports to Chile ($23 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Liquid Fuel Furnace Burner in Panama

In 2022, purchases abroad of furnace burners for liquid fuel was finally on the rise to reach 467 units after two years of decline. In general, imports, however, faced a precipitous setback. Over the period under review, imports attained the peak figure at 1.1K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, liquid fuel furnace burner imports surged to $85K in 2022. Over the period under review, imports, however, saw a sharp descent. Over the period under review, imports reached the maximum at $188K in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Liquid Fuel Furnace Burner in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	0.8	48.2	2.2	72.3	348.8%
United States	26.1	41.0	17.9	5.3	-41.2%
Spain	12.6	14.2	10.4	4.8	-27.5%
Taiwan (Chinese)	1.0	0.7	0.4	0.1	-53.6%
Argentina	126	N/A	N/A	N/A	0%
Costa Rica	N/A	1.6	N/A	N/A	0%
Others	21.4	21.7	11.0	2.0	-54.6%
Total	188	127	41.8	84.6	-23.4%

Top Suppliers of Liquid Fuel Furnace Burner to Panama in 2022:

China (380.0 units)
Spain (37.0 units)
United States (36.0 units)
Taiwan (Chinese) (6.0 units)

Exports of Liquid Fuel Furnace Burner in Panama

In 2022, shipments abroad of furnace burners for liquid fuel increased by 42% to 27 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a dramatic setback. Over the period under review, the exports reached the peak figure at 64 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports soared to $5.9K in 2022. Overall, exports, however, continue to indicate a sharp slump. Over the period under review, the exports hit record highs at $12K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Liquid Fuel Furnace Burner in Panama (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Venezuela	9.6	6.7	3.2	4.7	-21.2%
Guatemala	2.1	1.1	0.6	1.1	-19.4%
Chile	0.1	N/A	N/A	N/A	0%
Others	N/A	N/A	0.1	N/A	0%
Total	11.8	7.8	3.9	5.9	-20.6%

Top Export Markets for Liquid Fuel Furnace Burner from Panama in 2022:

Venezuela (18.0 units)
Guatemala (8.0 units)
Chile (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for liquid fuel furnace burner in Panama. 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:

Panama

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Panama
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023