Russian Federation: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in the Russian Federation

The Russian liquid fuel furnace burner market fell to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption saw a deep contraction. Liquid fuel furnace burner consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Furnace Burners For Liquid Fuel in the Russian Federation

In value terms, liquid fuel furnace burner production shrank rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X, and then shrank notably in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from the Russian Federation

In 2022, exports of furnace burners for liquid fuel from Russia declined sharply to X units, falling by X% on the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports declined markedly to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus (X units) was the main destination for liquid fuel furnace burner exports from Russia, with a X% share of total exports. Moreover, liquid fuel furnace burner exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Belarus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Ukraine (X% per year).

In value terms, Belarus ($X) emerged as the key foreign market for furnace burners for liquid fuel exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average liquid fuel furnace burner export price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price, however, recorded notable growth. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then shrank modestly 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 Kazakhstan ($X per unit), while the average price for exports to Belarus ($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 Kazakhstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into the Russian Federation

Liquid fuel furnace burner imports into Russia declined notably to X units in 2022, dropping by X% against 2021 figures. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, liquid fuel furnace burner imports dropped to $X in 2022. In general, imports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), the United Arab Emirates (X units) and Italy (X units) were the main suppliers of liquid fuel furnace burner imports to Russia, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X.9%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X), the United Arab Emirates ($X) and Finland ($X) were the largest liquid fuel furnace burner suppliers to Russia, together comprising X% of total imports.

The United Arab Emirates, with a CAGR of X.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price showed prominent growth. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Finland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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