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

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

After three years of growth, the Danish solid fuel furnace burner market decreased by -48.2% to $X in 2021. In general, consumption saw a mild slump. Solid fuel furnace burner consumption peaked at $X in 2020, and then declined dramatically in the following year.

Production of Furnace Burners For Solid Fuel Or Gas in Denmark

In value terms, solid fuel furnace burner production contracted slightly to $X in 2021 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +85.4% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 8.6% against the previous year. Solid fuel furnace burner production peaked at $X in 2020, and then fell slightly in the following year.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Denmark

In 2021, after two years of decline, there was significant growth in overseas shipments of furnace burners for solid fuel or gas, when their volume increased by 255% to X tons. Overall, exports, however, faced a abrupt curtailment. The exports peaked at X tons in 2018; however, from 2019 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, however, saw a abrupt curtailment. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Norway (X tons), Sweden (X tons) and South Korea (X tons) were the main destinations of solid fuel furnace burner exports from Denmark, together comprising 75% of total exports. China, Germany, Finland, Australia and the UK lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +44.5%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) emerged as the key foreign market for solid fuel furnace burner exports from Denmark, comprising 42% of total exports. The second position in the ranking was taken by China ($X), with an 18% share of total exports. It was followed by Norway, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to South Korea stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+6.8% per year) and Norway (-11.1% per year).

Export Prices by Country

The average solid fuel furnace burner export price stood at $X per ton in 2021, dropping by -15.1% against the previous year. In general, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of 213%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to Germany ($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 UK (+19.7%), 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 Denmark

After two years of growth, supplies from abroad of furnace burners for solid fuel or gas decreased by -57% to X tons in 2021. Overall, imports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2014 with an increase of 235%. Over the period under review, imports reached the peak figure at X tons in 2020, and then dropped significantly in the following year.

In value terms, solid fuel furnace burner imports dropped to $X in 2021. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 217% against the previous year. Imports peaked at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest solid fuel furnace burner supplier to Denmark, with a 82% share of total imports. Moreover, solid fuel furnace burner imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +19.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.0% per year) and China (-12.7% per year).

In value terms, Germany ($X) constituted the largest supplier of solid fuel furnace burner to Denmark, comprising 88% of total imports. The second position in the ranking was taken by the UK ($X), with a 2% share of total imports. It was followed by Poland, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.8% per year) and Poland (-11.0% per year).

Import Prices by Country

In 2021, the average solid fuel furnace burner import price amounted to $X per ton, rising by 106% against the previous year. Over the period under review, the import price posted buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 138% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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