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

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

The Finnish solid fuel furnace burner market contracted dramatically to $X in 2021, waning by -43.4% against the previous year. Overall, consumption continues to indicate a abrupt curtailment. Solid fuel furnace burner consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Furnace Burners For Solid Fuel Or Gas in Finland

In value terms, solid fuel furnace burner production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production showed a dramatic curtailment. The pace of growth was the most pronounced in 2017 when the production volume increased by 3.9%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Finland

In 2021, overseas shipments of furnace burners for solid fuel or gas increased by 17% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 with an increase of 1,971%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, solid fuel furnace burner exports declined sharply to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when exports increased by 59% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Austria (X tons) and Russia (X tons) were the main destinations of solid fuel furnace burner exports from Finland, together accounting for 69% of total exports. India, Sweden, China, Slovakia, the UK, Brazil, South Africa and Singapore lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were in South Africa (with a CAGR of +187.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for solid fuel furnace burner exported from Finland were Russia ($X), the United States ($X) and Austria ($X), together accounting for 49% of total exports. These countries were followed by Sweden, Slovakia, India, China, Brazil, the UK, Singapore and South Africa, which together accounted for a further 31%.

Among the main countries of destination, South Africa, with a CAGR of +147.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, with a decrease of -34% against the previous year. Over the period under review, the export price recorded a slight setback. The growth pace was the most rapid in 2019 an increase of 3,443%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Austria ($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 Slovakia (+8.2%), 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 Finland

In 2021, imports of furnace burners for solid fuel or gas into Finland surged to X tons, growing by 126% compared with the year before. Over the period under review, imports, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2020 with an increase of 1,276% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, solid fuel furnace burner imports reduced notably to $X in 2021. In general, imports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 156%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of solid fuel furnace burner to Finland, with a 56% share of total imports. Moreover, solid fuel furnace burner imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. Germany (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+20.5% per year) and Germany (-10.9% per year).

In value terms, Germany ($X), China ($X) and Sweden ($X) appeared to be the largest solid fuel furnace burner suppliers to Finland, together accounting for 81% of total imports. These countries were followed by Italy and Denmark, which together accounted for a further 7.5%.

Among the main suppliers, Italy, with a CAGR of +4.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average solid fuel furnace burner import price stood at $X per ton in 2021, which is down by -76.9% against the previous year. In general, the import price saw a pronounced contraction. The pace of growth was the most pronounced in 2019 an increase of 922% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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