Portugal: Furnace Burner Market 2024

Furnace Burner Market Size in Portugal

In 2022, the Portuguese furnace burner market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a noticeable downturn. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Furnace Burner Production in Portugal

In value terms, furnace burner production declined notably to $X in 2022 estimated in export price. Over the period under review, production saw a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Furnace Burner Exports

Exports from Portugal

In 2022, after four years of growth, there was significant decline in shipments abroad of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers, when their volume decreased by X% to X units. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, furnace burner exports fell dramatically to $X in 2022. Overall, exports saw a perceptible contraction. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for furnace burner exports from Portugal, with a X% share of total exports. Moreover, furnace burner exports to Spain exceeded the volume sent to the second major destination, Angola (X units), threefold. Peru (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (X% per year) and Peru (X% per year).

In value terms, Spain ($X) remains the key foreign market for furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exports from Portugal, comprising X% of total exports. The second position in the ranking was taken by Peru ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Angola (X% per year).

Export Prices by Country

The average furnace burner export price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2021, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Angola ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Furnace Burner Imports

Imports into Portugal

In 2022, imports of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers into Portugal surged to X units, picking up by X% on 2021. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, furnace burner imports expanded significantly to $X in 2022. Overall, imports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X units) constituted the largest furnace burner supplier to Portugal, accounting for a X% share of total imports. Moreover, furnace burner imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X units), fivefold. The third position in this ranking was taken by France (X units), with a X% share.

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

In value terms, the largest furnace burner suppliers to Portugal were Spain ($X), Italy ($X) and France ($X), with a combined X% share of total imports. Germany and Turkey lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, saw 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

In 2022, the average furnace burner import price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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