Canada: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in Canada

In 2021, the Canadian solid fuel furnace burner market increased by 4.6% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Canada

In value terms, solid fuel furnace burner production declined to $X in 2021 estimated in export price. Over the period under review, production recorded a pronounced slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Canada

In 2021, the amount of furnace burners for solid fuel or gas exported from Canada declined sharply to X tons, waning by -57.3% against the year before. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 78%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, solid fuel furnace burner exports contracted markedly to $X in 2021. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 84% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for solid fuel furnace burner exports from Canada, with a 88% share of total exports. Moreover, solid fuel furnace burner exports to the United States exceeded the volume sent to the second major destination, Singapore (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-0.1% per year) and the United Arab Emirates (-36.7% per year).

In value terms, the United States ($X) remains the key foreign market for solid fuel furnace burner exports from Canada, comprising 88% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+9.1% per year) and the United Arab Emirates (-38.2% per year).

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, picking up by 69% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Canada

Solid fuel furnace burner imports into Canada contracted rapidly to X tons in 2021, with a decrease of -17.7% on the year before. Overall, imports showed a noticeable decline. The pace of growth was the most pronounced in 2019 when imports increased by 35%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, solid fuel furnace burner imports reduced notably to $X in 2021. Over the period under review, imports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 34%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of solid fuel furnace burner imports to Canada, with a combined 79% share of total imports. These countries were followed by Italy and China, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +27.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest solid fuel furnace burner suppliers to Canada were the United States ($X), Germany ($X) and the Netherlands ($X), together comprising 79% of total imports. These countries were followed by Italy and China, which together accounted for a further 17%.

China, with a CAGR of +26.1%, 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

The average solid fuel furnace burner import price stood at $X per ton in 2021, shrinking by -4.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 6.4%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and the Netherlands ($X per ton), while the price for Italy ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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