Australia and Oceania: Market for Furnace Burners For Liquid Fuel 2024

Market Size for Furnace Burners For Liquid Fuel in Australia and Oceania

After three years of growth, the liquid fuel furnace burner market in Australia and Oceania decreased by -17% to $X in 2021. In general, consumption, however, enjoyed prominent growth. As a result, consumption attained the peak level of $X, and then dropped markedly in the following year.

Production of Furnace Burners For Liquid Fuel in Australia and Oceania

In value terms, liquid fuel furnace burner production dropped remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 100% against the previous year. As a result, production attained the peak level of $X, and then reduced notably in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports in Australia and Oceania

In 2021, exports of furnace burners for liquid fuel in Australia and Oceania contracted rapidly to X tons, waning by -54.2% on the year before. Overall, exports faced a dramatic descent. The pace of growth appeared the most rapid in 2015 with an increase of 856%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports shrank remarkably to $X in 2021. Over the period under review, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 409%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the main exporter of furnace burners for liquid fuel in Australia and Oceania, with the volume of exports accounting for X tons, which was approx. 65% of total exports in 2021. It was distantly followed by New Zealand (X tons), creating a 33% share of total exports.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +16.0%).

In value terms, Australia ($X) and New Zealand ($X) appeared to be the countries with the highest levels of exports in 2021.

New Zealand, with a CAGR of +19.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with an increase of 21% against the previous year. In general, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 an increase of 113% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+3.2%).

Imports of Furnace Burners For Liquid Fuel

Imports in Australia and Oceania

In 2021, overseas purchases of furnace burners for liquid fuel increased by 282% to X tons, rising for the third consecutive year after two years of decline. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2015 when imports increased by 417% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports skyrocketed to $X in 2021. Over the period under review, imports saw resilient growth. The growth pace was the most rapid in 2013 when imports increased by 470%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, New Zealand (X tons) represented the largest importer of furnace burners for liquid fuel, making up 82% of total imports. It was distantly followed by Australia (X tons), achieving a 12% share of total imports. French Polynesia (X tons) followed a long way behind the leaders.

New Zealand was also the fastest-growing in terms of the furnace burners for liquid fuel imports, with a CAGR of +38.0% from 2012 to 2021. At the same time, French Polynesia (+21.2%) displayed positive paces of growth. Australia experienced a relatively flat trend pattern. From 2012 to 2021, the share of New Zealand increased by +60 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported furnace burners for liquid fuel in Australia and Oceania, comprising 73% of total imports. The second position in the ranking was taken by Australia ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value in New Zealand stood at +27.0%. In the other countries, the average annual rates were as follows: Australia (+2.9% per year) and French Polynesia (+9.3% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, dropping by -60.2% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2017 when the import price increased by 157%. The level of import peaked at $X per ton in 2020, and then fell notably in the following year.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while French Polynesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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