Australia and Oceania: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in Australia and Oceania

In 2021, after two years of decline, there was significant growth in the solid fuel furnace burner market in Australia and Oceania, when its value increased by 11% to $X. Over the period under review, consumption, however, saw a abrupt shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Australia and Oceania

In value terms, solid fuel furnace burner production expanded rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the production volume increased by 207%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports in Australia and Oceania

In 2021, shipments abroad of furnace burners for solid fuel or gas decreased by -50.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 183%. As a result, the exports reached the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, solid fuel furnace burner exports dropped significantly to $X in 2021. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2016 when exports increased by 128%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Australia prevails in exports structure, recording X tons, which was approx. 91% of total exports in 2021. It was distantly followed by New Zealand (X tons), achieving an 8.8% share of total exports.

Australia was also the fastest-growing in terms of the furnace burners for solid fuel or gas exports, with a CAGR of +1.5% from 2012 to 2021. New Zealand (-28.3%) illustrated a downward trend over the same period. While the share of Australia (+60 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-60.1 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest solid fuel furnace burner supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5% share of total exports.

In Australia, solid fuel furnace burner exports plunged by an average annual rate of -5.2% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, waning by -19.3% against the previous year. In general, the export price, however, showed perceptible growth. The growth pace was the most rapid in 2016 when the export price increased by 210% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+6.6%).

Imports of Furnace Burners For Solid Fuel Or Gas

Imports in Australia and Oceania

In 2021, imports of furnace burners for solid fuel or gas in Australia and Oceania fell rapidly to X tons, waning by -17.8% compared with the previous year. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2013 when imports increased by 54%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, solid fuel furnace burner imports fell to $X in 2021. Over the period under review, imports recorded a abrupt setback. The growth pace was the most rapid in 2013 when imports increased by 25%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Australia represented the main importing country with an import of around X tons, which accounted for 78% of total imports. It was distantly followed by New Zealand (X tons), achieving a 17% share of total imports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to solid fuel furnace burner imports into Australia stood at -7.4%. At the same time, Fiji (+21.5%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +21.5% from 2012-2021. By contrast, New Zealand (-8.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Australia and Fiji increased by +3 and +2.2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported furnace burners for solid fuel or gas in Australia and Oceania, comprising 76% of total imports. The second position in the ranking was held by New Zealand ($X), with a 19% share of total imports.

In Australia, solid fuel furnace burner imports contracted by an average annual rate of -6.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-3.0% per year) and Fiji (+28.6% per year).

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, growing by 5.4% against the previous year. Import price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, solid fuel furnace burner import price increased by +95.3% against 2015 indices. The growth pace was the most rapid in 2018 an increase of 36% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Fiji (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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