Norway: Market for Furnace Burners For Liquid Fuel 2025

Market Size for Furnace Burners For Liquid Fuel in Norway

In 2021, the Norwegian liquid fuel furnace burner market decreased by -59% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a deep downturn. Liquid fuel furnace burner consumption peaked at $X in 2020, and then dropped markedly in the following year.

Production of Furnace Burners For Liquid Fuel in Norway

In value terms, liquid fuel furnace burner production dropped rapidly to $X in 2021 estimated in export price. Overall, production continues to indicate a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of 192% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted remarkably in the following year.

Exports of Furnace Burners For Liquid Fuel

Exports from Norway

In 2021, overseas shipments of furnace burners for liquid fuel increased by 5.8% to X tons, rising for the sixth year in a row after two years of decline. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 127%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, liquid fuel furnace burner exports declined to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 129%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Sweden (X tons) and Denmark (X tons) were the main destinations of liquid fuel furnace burner exports from Norway, together accounting for 88% of total exports. These countries were followed by France, the Netherlands and the United Arab Emirates, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +77.2%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for furnace burners for liquid fuel exports from Norway, comprising 53% of total exports. The second position in the ranking was held by Sweden ($X), with a 21% share of total exports. It was followed by Denmark, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +31.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+46.0% per year) and Denmark (-12.2% per year).

Export Prices by Country

The average liquid fuel furnace burner export price stood at $X per ton in 2021, dropping by -13.4% against the previous year. Over the period under review, the export price recorded a deep slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by 9.6%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Denmark ($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 Netherlands (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Furnace Burners For Liquid Fuel

Imports into Norway

In 2021, supplies from abroad of furnace burners for liquid fuel decreased by -54.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, saw a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of 122% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, liquid fuel furnace burner imports contracted to $X in 2021. Overall, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2015 when imports increased by 101% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Sweden (X tons) and Denmark (X tons) were the main suppliers of liquid fuel furnace burner imports to Norway, with a combined 76% share of total imports. Italy, Taiwan (Chinese), China, the United States and Finland lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +63.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of furnace burners for liquid fuel to Norway, comprising 46% of total imports. The second position in the ranking was held by Denmark ($X), with a 19% share of total imports. It was followed by Sweden, with a 17% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+38.8% per year) and Sweden (-1.1% per year).

Import Prices by Country

The average liquid fuel furnace burner import price stood at $X per ton in 2021, jumping by 98% against the previous year. In general, the import price recorded a moderate expansion. The import price peaked at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the price for China ($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 United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :