Mexico: Furnace Burner Market 2024

Furnace Burner Market Size in Mexico

The Mexican furnace burner market contracted modestly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Furnace Burner Production in Mexico

In value terms, furnace burner production contracted to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of X%. Furnace burner production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Furnace Burner Exports

Exports from Mexico

In 2022, approx. X units of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers were exported from Mexico; jumping by X% on the year before. In general, exports recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, furnace burner exports fell dramatically to $X in 2022. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for furnace burner exports from Mexico, accounting for a X% share of total exports. Moreover, furnace burner exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%.

In value terms, the United States ($X) remains the key foreign market for furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exports from Mexico, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

In 2022, the average furnace burner export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%).

Furnace Burner Imports

Imports into Mexico

In 2022, supplies from abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, furnace burner imports declined slightly to $X in 2022. In general, total imports indicated noticeable growth 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest furnace burner supplier to Mexico, with a X% share of total imports. Moreover, furnace burner imports from the United States exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was taken by China (X units), with a X% share.

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

In value terms, the United States ($X) constituted the largest supplier of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers to Mexico, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average furnace burner import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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