Colombia: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Colombia

The Colombian liquid fuel furnace burner market soared to $X in 2022, picking up by X% 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). Overall, consumption, however, saw a noticeable decline. Liquid fuel furnace burner consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Furnace Burners For Liquid Fuel

Exports from Colombia

After two years of growth, overseas shipments of furnace burners for liquid fuel decreased by X% to X units in 2022. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, liquid fuel furnace burner exports contracted notably to $X in 2022. Over the period under review, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X units), Bolivia (X units) and Nicaragua (X units) were the main destinations of liquid fuel furnace burner exports from Colombia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bolivia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X) remains the key foreign market for furnace burners for liquid fuel exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by Bolivia ($X), with a X% share of total exports. It was followed by Costa Rica, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (X% per year) and Costa Rica (X% per year).

Export Prices by Country

In 2022, the average liquid fuel furnace burner export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price, however, recorded a deep slump. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Costa Rica ($X per unit), while the average price for exports to Nicaragua ($X 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 Mexico (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Imports of Furnace Burners For Liquid Fuel

Imports into Colombia

In 2022, the amount of furnace burners for liquid fuel imported into Colombia soared to X units, jumping by X% on the year before. Over the period under review, imports, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports expanded remarkably to $X in 2022. In general, imports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest liquid fuel furnace burner supplier to Colombia, with a X% share of total imports. Moreover, liquid fuel furnace burner imports from the United States exceeded the figures recorded by the second-largest supplier, Mexico (X units), fivefold. Brazil (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Brazil (X% per year).

In value terms, the United States ($X), Brazil ($X) and Mexico ($X) were the largest liquid fuel furnace burner suppliers to Colombia, with a combined X% share of total imports.

Brazil, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the import price saw a noticeable shrinkage. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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