Finland: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Finland

After two years of growth, the Finnish liquid fuel furnace burner market decreased by -11% to $X in 2021. Over the period under review, consumption recorded a pronounced curtailment. Liquid fuel furnace burner consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Liquid Fuel in Finland

In value terms, liquid fuel furnace burner production amounted to $X in 2021 estimated in export price. In general, production showed a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 345%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Furnace Burners For Liquid Fuel

Exports from Finland

After two years of decline, shipments abroad of furnace burners for liquid fuel increased by 16% to X tons in 2021. In general, exports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 89%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner exports declined to $X in 2021. Over the period under review, exports, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 101% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons), the United Arab Emirates (X tons) and Russia (X tons) were the main destinations of liquid fuel furnace burner exports from Finland, together comprising 69% of total exports. These countries were followed by Germany, Serbia, the Netherlands, China, Denmark and India, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +91.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for furnace burners for liquid fuel exports from Finland, comprising 49% of total exports. The second position in the ranking was taken by Russia ($X), with a 9% share of total exports. It was followed by the United Arab Emirates, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-16.6% per year) and the United Arab Emirates (+37.7% per year).

Export Prices by Country

In 2021, the average liquid fuel furnace burner export price amounted to $X per ton, with a decrease of -22.2% against the previous year. Over the period under review, the export price saw a pronounced shrinkage. The pace of growth was the most pronounced in 2020 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per ton), while the average price for exports to the United Arab Emirates ($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 Denmark (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Liquid Fuel

Imports into Finland

In 2021, supplies from abroad of furnace burners for liquid fuel increased by 68% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 187%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, liquid fuel furnace burner imports skyrocketed to $X in 2021. In general, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 85%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Sweden (X tons) constituted the largest supplier of liquid fuel furnace burner to Finland, with a 60% share of total imports. Moreover, liquid fuel furnace burner imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Belgium (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Sweden amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.6% per year) and Belgium (+26.5% per year).

In value terms, Sweden ($X), Germany ($X) and the United States ($X) were the largest liquid fuel furnace burner suppliers to Finland, with a combined 80% share of total imports. These countries were followed by Belgium, China and Serbia, which together accounted for a further 18%.

Among the main suppliers, Belgium, with a CAGR of +22.3%, 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

The average liquid fuel furnace burner import price stood at $X per ton in 2021, declining by -29.5% against the previous year. In general, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when the average import price increased by 45% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 the Netherlands (+20.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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