Croatia: Furnace Burner Market 2024

Furnace Burner Market Size in Croatia

The Croatian furnace burner market skyrocketed to $X in 2021, increasing by 25% against the previous year. Overall, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +25.7% against 2018 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Furnace Burner Production in Croatia

In value terms, furnace burner production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Furnace Burner Exports

Exports from Croatia

In 2021, overseas shipments of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers decreased by -6.3% to X tons, falling for the second consecutive year after two years of growth. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 83% 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 stood at a somewhat lower figure.

In value terms, furnace burner exports reduced to $X in 2021. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.8% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for furnace burner exports from Croatia, with a 58% share of total exports. Moreover, furnace burner exports to Germany exceeded the volume sent to the second major destination, Togo (X tons), sixfold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (0.0% per year) and Bosnia and Herzegovina (-21.5% per year).

In value terms, Germany ($X) remains the key foreign market for furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers exports from Croatia, comprising 65% of total exports. The second position in the ranking was held by Togo ($X), with a 10% share of total exports. It was followed by Bosnia and Herzegovina, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +40.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Togo (0.0% per year) and Bosnia and Herzegovina (-7.6% per year).

Export Prices by Country

In 2021, the average furnace burner export price amounted to $X per ton, with an increase of 1.6% against the previous year. Overall, the export price recorded strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 121% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Portugal ($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 (+197.7%), while the prices for the other major destinations experienced more modest paces of growth.

Furnace Burner Imports

Imports into Croatia

In 2021, imports of furnace burners, mechanical stokers, mechanical grates and mechanical ash dischargers into Croatia surged to X tons, growing by 26% against the previous year's figure. Over the period under review, imports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 27%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, furnace burner imports surged to $X in 2021. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Slovenia (X tons) and Austria (X tons) were the main suppliers of furnace burner imports to Croatia, together accounting for 80% of total imports. China, Germany, Serbia and the Netherlands lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +56.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest furnace burner suppliers to Croatia were Slovenia ($X), Italy ($X) and Germany ($X), with a combined 86% share of total imports. Austria, China, Serbia and the Netherlands lagged somewhat behind, together comprising a further 9.8%.

China, with a CAGR of +58.5%, saw the highest rates of growth with regard to 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 furnace burner import price stood at $X per ton in 2021, falling by -2.3% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, furnace burner import price decreased by -6.8% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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