United Kingdom: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in the UK

After two years of growth, the UK liquid fuel furnace burner market decreased by X% to $X in 2022. Over the period under review, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Production of Furnace Burners For Liquid Fuel in the UK

In value terms, liquid fuel furnace burner production reached $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Furnace Burners For Liquid Fuel

Exports from the UK

In 2022, the amount of furnace burners for liquid fuel exported from the UK shrank significantly to X units, with a decrease of X% compared with 2021. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, liquid fuel furnace burner exports contracted remarkably to $X in 2022. Overall, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), China (X units) and the United Arab Emirates (X units) were the main destinations of liquid fuel furnace burner exports from the UK, together accounting for X% of total exports. Ukraine, Turkey, South Africa, Ireland, Italy, Qatar, Belgium, Malaysia, Denmark and Mexico lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for liquid fuel furnace burner exported from the UK were Germany ($X), China ($X) and the United Arab Emirates ($X), together comprising X% of total exports. Belgium, Qatar, Turkey, South Africa, Ireland, Italy, Denmark, Malaysia, Mexico and Ukraine lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per unit in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Ukraine ($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 Qatar (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 UK

In 2022, the amount of furnace burners for liquid fuel imported into the UK dropped sharply to X units, waning by X% against the year before. In general, imports showed a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then dropped markedly in the following year.

In value terms, liquid fuel furnace burner imports shrank markedly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2021, and then contracted rapidly in the following year.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of liquid fuel furnace burner to the UK, with a X% share of total imports. Moreover, liquid fuel furnace burner imports from Italy exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Ireland (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 Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ireland (X% per year).

In value terms, Italy ($X) constituted the largest supplier of furnace burners for liquid fuel to the UK, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Ireland, with a X% share.

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

Import Prices by Country

In 2022, the average liquid fuel furnace burner import price amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2021 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 Ireland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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