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

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

For the third consecutive year, the Croatian solid fuel furnace burner market recorded decline in sales value, which decreased by -10.7% to $X in 2021. Over the period under review, consumption faced a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in Croatia

In value terms, solid fuel furnace burner production declined slightly to $X in 2021 estimated in export price. Overall, production saw a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 49% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Croatia

Solid fuel furnace burner exports from Croatia rose remarkably to X tons in 2021, surging by 12% against 2020 figures. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 96% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, solid fuel furnace burner exports soared to $X in 2021. In general, exports posted a buoyant increase. The growth pace was the most rapid in 2019 when exports increased by 180% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for solid fuel furnace burner exports from Croatia, accounting for a 60% share of total exports. Moreover, solid fuel furnace burner exports to Germany exceeded the volume sent to the second major destination, Togo (X tons), fivefold. Latvia (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (0.0% per year) and Latvia (+60.4% per year).

In value terms, Germany ($X) remains the key foreign market for solid fuel furnace burner exports from Croatia, comprising 66% of total exports. The second position in the ranking was taken by Togo ($X), with an 11% share of total exports. It was followed by Bosnia and Herzegovina, with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +39.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (0.0% per year) and Bosnia and Herzegovina (-7.9% per year).

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, surging by 6.1% against the previous year. Over the period under review, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 54%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Sweden ($X per ton), while the average price for exports to Portugal ($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 Kuwait (+200.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into Croatia

In 2021, solid fuel furnace burner imports into Croatia shrank to X tons, with a decrease of -4.5% against the previous year's figure. Overall, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 19% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, solid fuel furnace burner imports soared to $X in 2021. In general, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2016 with an increase of 104%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Slovenia (X tons), Italy (X tons) and China (X tons) were the main suppliers of solid fuel furnace burner imports to Croatia, with a combined 81% share of total imports. These countries were followed by Germany, the UK, the Netherlands and Poland, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +98.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) constituted the largest supplier of solid fuel furnace burner to Croatia, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Italy, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Slovenia stood at +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.8% per year) and Italy (-2.2% per year).

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, rising by 32% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 71%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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