Latin America and the Caribbean: Market for Furnace Burners For Solid Fuel Or Gas 2024

Market Size for Furnace Burners For Solid Fuel Or Gas in Latin America and the Caribbean

The Latin American solid fuel furnace burner market stood at $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Furnace Burners For Solid Fuel Or Gas in Latin America and the Caribbean

In value terms, solid fuel furnace burner production expanded modestly to $X in 2022 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Latin America and the Caribbean

In 2022, approx. X units of furnace burners for solid fuel or gas were exported in Latin America and the Caribbean; surging by X% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, solid fuel furnace burner exports dropped slightly to $X in 2022. In general, exports saw pronounced growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico was the major exporting country with an export of around X units, which accounted for X% of total exports. Brazil (X units) took the second position in the ranking, distantly followed by Argentina (X units). All these countries together held approx. X% share of total exports. Trinidad and Tobago (X units) took a minor share of total exports.

Mexico was also the fastest-growing in terms of the furnace burners for solid fuel or gas exports, with a CAGR of X% from 2012 to 2022. Brazil experienced a relatively flat trend pattern. Trinidad and Tobago (X%) and Argentina (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest solid fuel furnace burner supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Argentina (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Trinidad and Tobago ($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 other leaders experienced more modest paces of growth.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in Latin America and the Caribbean

In 2022, solid fuel furnace burner imports in Latin America and the Caribbean dropped to X units, waning by X% on 2021. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, solid fuel furnace burner imports dropped to $X in 2022. In general, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X units), distantly followed by Brazil (X units), the Dominican Republic (X units), Peru (X units), Argentina (X units) and Colombia (X units) represented the key importers of furnace burners for solid fuel or gas, together committing X% of total imports. Chile (X units), Ecuador (X units), Panama (X units), Cuba (X units) and Bolivia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Panama (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Peru, Chile, Colombia, the Dominican Republic, Ecuador, Bolivia, Panama and Cuba lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, remaining constant against the previous year. Overall, the import price saw a mild decline. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the Dominican Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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