Denmark: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Denmark

The Danish liquid fuel furnace burner market reduced to $X in 2021, flattening at the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decline. Liquid fuel furnace burner consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Furnace Burners For Liquid Fuel in Denmark

In value terms, liquid fuel furnace burner production soared to $X in 2021 estimated in export price. In general, production, however, faced a abrupt setback. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Furnace Burners For Liquid Fuel

Exports from Denmark

Liquid fuel furnace burner exports from Denmark soared to X tons in 2021, jumping by 16% on the previous year. Over the period under review, exports saw a pronounced expansion. The pace of growth was the most pronounced in 2015 with an increase of 86% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports rose to $X in 2021. In general, exports showed a tangible increase. The pace of growth appeared the most rapid in 2016 with an increase of 81%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for liquid fuel furnace burner exports from Denmark, accounting for a 64% share of total exports. Moreover, liquid fuel furnace burner exports to Norway exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Greenland (X tons), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway totaled +31.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+6.9% per year) and Greenland (-7.1% per year).

In value terms, Norway ($X), Sweden ($X) and Greenland ($X) were the largest markets for liquid fuel furnace burner exported from Denmark worldwide, together accounting for 96% of total exports.

Norway, with a CAGR of +35.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, with a decrease of -11% against the previous year. Over the period under review, the export price showed a mild curtailment. The pace of growth was the most pronounced in 2020 when the average export price increased by 29%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Faroe Islands ($X per ton) and Greenland ($X per ton), while the average price for exports to Norway ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnace Burners For Liquid Fuel

Imports into Denmark

In 2021, supplies from abroad of furnace burners for liquid fuel increased by 5.2% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 141% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, liquid fuel furnace burner imports dropped remarkably to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 170%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of liquid fuel furnace burner to Denmark, with a 40% share of total imports. Moreover, liquid fuel furnace burner imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+4.3% per year) and Italy (+59.8% per year).

In value terms, Germany ($X), Sweden ($X) and Italy ($X) were the largest liquid fuel furnace burner suppliers to Denmark, together accounting for 77% of total imports. The Netherlands, Finland, Belgium, Norway and Slovakia lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, the Netherlands, with a CAGR of +93.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average liquid fuel furnace burner import price amounted to $X per ton, which is down by -35.5% against the previous year. Over the period under review, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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