New Zealand: Market for Furnace Burners For Solid Fuel Or Gas 2022

Market Size for Furnace Burners For Solid Fuel Or Gas in New Zealand

In 2021, the New Zealand solid fuel furnace burner market decreased by -5.2% to $X, falling for the second consecutive year after four years of growth. In general, consumption showed a relatively flat trend pattern. Solid fuel furnace burner consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Furnace Burners For Solid Fuel Or Gas in New Zealand

In value terms, solid fuel furnace burner production expanded remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 207% against the previous year. Solid fuel furnace burner production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from New Zealand

In 2021, approx. X tons of furnace burners for solid fuel or gas were exported from New Zealand; which is down by -35% compared with 2020. In general, exports recorded a sharp setback. The pace of growth was the most pronounced in 2018 with an increase of 2,541% against the previous year. Over the period under review, the exports reached 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 shrank rapidly to $X in 2021. Over the period under review, exports recorded a sharp curtailment. The growth pace was the most rapid in 2018 when exports increased by 2,165% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for solid fuel furnace burner exports from New Zealand, with a 84% share of total exports. Moreover, solid fuel furnace burner exports to Australia exceeded the volume sent to the second major destination, Fiji (X kg), tenfold. The third position in this ranking was held by Samoa (X kg), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia stood at -29.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+24.1% per year) and Samoa (+18.9% per year).

In value terms, Australia ($X) emerged as the key foreign market for solid fuel furnace burner exports from New Zealand, comprising 65% of total exports. The second position in the ranking was held by Fiji ($X), with a 20% share of total exports. It was followed by Samoa, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value to Australia stood at -27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+14.6% per year) and Samoa (+6.9% per year).

Export Prices by Country

In 2021, the average solid fuel furnace burner export price amounted to $X per ton, which is down by -71% against the previous year. Over the period under review, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2016 when the average export price increased by 201%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then contracted rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Fiji ($X per ton), while the average price for exports to Australia ($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 Cook Islands (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Solid Fuel Or Gas

Imports into New Zealand

In 2021, approx. X tons of furnace burners for solid fuel or gas were imported into New Zealand; which is down by -40.6% compared with the previous year's figure. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 127%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, solid fuel furnace burner imports declined to $X in 2021. Overall, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 55%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of solid fuel furnace burner to New Zealand, accounting for a 38% share of total imports. Moreover, solid fuel furnace burner imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was held by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+9.0% per year) and Germany (-9.1% per year).

In value terms, Italy ($X), Germany ($X) and the UK ($X) constituted the largest solid fuel furnace burner suppliers to New Zealand, together comprising 73% of total imports. These countries were followed by Sweden, the United States, Finland, China and Australia, which together accounted for a further 21%.

China, with a CAGR of +9.6%, saw the highest growth rate of 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

In 2021, the average solid fuel furnace burner import price amounted to $X per ton, with an increase of 59% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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