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

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

The Norwegian solid fuel furnace burner market fell dramatically to $X in 2021, declining by -60.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Furnace Burners For Solid Fuel Or Gas

Exports from Norway

In 2021, shipments abroad of furnace burners for solid fuel or gas increased by 106% to X tons, rising for the third consecutive year after three years of decline. Overall, exports posted significant growth. The growth pace was the most rapid in 2013 when exports increased by 261% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, solid fuel furnace burner exports surged to $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 284%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for solid fuel furnace burner exports from Norway, with a 59% share of total exports. Moreover, solid fuel furnace burner exports to Sweden exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by South Africa (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Sweden stood at +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+67.9% per year) and South Africa (0.0% per year).

In value terms, the largest markets for solid fuel furnace burner exported from Norway were the UK ($X), Sweden ($X) and Germany ($X), together accounting for 87% of total exports.

Among the main countries of destination, the UK, with a CAGR of +134.3%, recorded the highest growth rate of 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

The average solid fuel furnace burner export price stood at $X per ton in 2021, surging by 52% against the previous year. In general, the export price, however, showed a deep slump. The growth pace was the most rapid in 2014 when the average export price increased by 81% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to South Africa ($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 (+39.5%), 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 Norway

In 2021, supplies from abroad of furnace burners for solid fuel or gas decreased by -29.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 98% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, solid fuel furnace burner imports dropped dramatically to $X in 2021. Overall, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 85%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and Luxembourg (X tons) were the main suppliers of solid fuel furnace burner imports to Norway, together comprising 82% of total imports.

From 2012 to 2021, the biggest increases were in Luxembourg (with a CAGR of -0.5%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X), Italy ($X) and Luxembourg ($X) appeared to be the largest solid fuel furnace burner suppliers to Norway, together comprising 84% of total imports.

In terms of the main suppliers, Luxembourg, with a CAGR of +12.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average solid fuel furnace burner import price amounted to $X per ton, with an increase of 7.7% against the previous year. In general, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, solid fuel furnace burner import price increased by +67.9% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by 73% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Denmark ($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 UK (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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